Rev. Date May 30, 2019
For investments denominated in a currency other than your organization’s base currency, Venn converts the investment’s returns to returns reflecting your organization’s base currency. Steps for the conversion generally include:
Transforming the investment’s returns to prices
Multiplying the investment’s prices at each date by the exchange rate of the organization's base currency to the investment’s denominated currency[1]
Transforming the investment’s prices back to returns
Here is an example for illustrative purposes. Say returns for an investment denominated in currency A were uploaded to Venn. Your organization’s base currency is B, however. Venn converts the investment’s returns using currency A to returns using currency B:
[1] In the case of non-daily data, Venn will use the end of period exchange rate. For example, monthly data will use the end of month exchange rate.
This document highlights certain aspects of this feature. As an overview, it does not discuss all material facts or assumptions. Please see Important Disclosure and Disclaimer Information.