Best way to register currency movement between USD and EUR?

English
1

Hi,
I have a broker where I have a multi-valuta account. So I place EUR in the account then convert to USD to purchase US stocks. The stocks pay dividends in USD.
There are plenty of times where I switch the USD dividend back to EUR.

Question is:
What is the best way to register those currency transactions: convert received USD dividend ->EUR and back again when I’m ready to purchase another stock in USD?

Do I just create a two deposit accounts, one with EUR+one with USD and “transfer” money between my EUR deposit account and USD Account or is there a better/preferred way of doing this?
Thank you for reading!

1 Like
4

Hello,
I have basically the same question and comments of Pecunia. I have the case in DeGiro, where I first had to buy USD (with some fees) and separately buy USD shares. Having 2 separate Deposit accounts, transfer in between and add exchange fees separately feels a bit clunky.
Many thanks.
Regards,
Guido Kok

5

Also did any of you figure out how to make a proper Total and XIRR when you have one security account but several currency deposit accounts? Showing XIRR on the Dashboard for a multicurrency deposit account