How do the FX rates work in Rundit?
Rundit keeps you up to date on your investments in multiple currencies without having to calculate currency rates. You can store transactions on the Investments page with their original currencies and view the returns with any currency you want.
On the Rundit platform, navigate to the top bar and click Settings -> Currency & exchange settings to view and edit your currency conversion rules. The section explains which exchange rate is used to convert the amounts if values are inputted in different currencies.
Read how to set enter FX rates here.
Note: We are using Fixer.io for FX rates. Exchange rate data delivered by the Fixer API is collected from over 15 reliable data sources, every minute. Sources include banks and financial data providers.
- For portfolio company metrics, you can select to use either the exchange rate from the time of reporting or the most recent exchange rate.
- For fair value of pending convertible notes, select to use either the exchange rate from the time of investment (fixed rate), the exchange rate at the time of the last stored transaction in the company (fixed rate) or the most recent exchange rate (floating rate).
- When calculating the fair value of equity (price per share) and pending SAFEs, you can select to use either the exchange rate at the time of the last stored transaction in the company (fixed rate) or the most recent exchange rate (floating rate).
- When inputting a custom fair value, you can use the exchange rate from the time of the fair value adjustment (fixed rate) or the most recent exchange rate (floating rate).
When creating an Excel export, you can choose whether you want to export the data in original currency or convert all currencies to a specific currency. You're able to check which FX rates have been used by using the "All data" export (top right corner, export data button). The Excel export includes a FX Rates tab where you can see which FX rates apply.