The base currency influences the perceived risk of the portfolio in that the forward looking profit and loss from positions denominated in domestic currencies need to be converted to a common portfolio base currency. For example: an investor with Euro as base currency that invests in Sony Corporation denominated in Yen has 2 inherent risks, namely: a) the price variations of Sony stock in Yen and; b) the variations of the FX between Yen and Euro. Our calculation engine simulates the currency rates together with other assets to incorporate critical correlation information that would otherwise be lost.
Everysk Dashboards allows the base currency of any portfolio to be changed on-the-fly, using any supported currency. For a list of supported currencies, click here.
You can change the base currency at the time your portfolio is imported/built into Dashboards or later:
1) At import: When you import or build a portfolio, you can select its base currency before saving to Dashboards:
2) Later: In My Portfolios tab, drag and drop the portfolio you want to change the base currency from the left to center panel. Then, in the right panel, select the new base currency: