Currency conversion transforms monetary values into a shared currency so positions held across exchanges can be valued and summed consistently. section 6.5 section 6.5.1
A practical conversion workflow:
- Choose a target currency, such as USD. section 6.5.1
- Extend the exchange mapping when required exchanges are missing; exchange-rate fluctuations add risk. section 6.5.1
Converting a mixed-stock portfolio
Convert Microsoft shares traded in US dollars and BMW shares traded in euros into USD, then calculate each position’s total value from its share count. section 6.5.1
