how we calculate foreign currencies exchange gain and loss, if you buy & sell stocks in international markets with currencies different than your operational currency, when we realize exchange rates gain and loss and which accounts would be affected by these gains or/and loss, do brokers and banks account got affected as well ?
2007-10-27 06:42:43 · 2 answers · asked by investment 1 in Business & Finance ➔ Corporations
Talk to your broker.
If you trade electronicaly using your brokers platform, most likely the prices will be quoted in US dollars.
2007-10-27 06:51:32 · answer #1 · answered by guardrailjim 7 · 0⤊ 0⤋
salary and losses are calculated utilising "pips." A pip is the single smallest cost replace between 2 currencies, generally a million/one hundredth of a cent, or .0001 of a dollar's nicely worth of forex.
2016-09-27 23:53:27 · answer #2 · answered by ? 4 · 0⤊ 0⤋