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.
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!