# Currency movement of exchanged dividend **URL:** \ **Category:** Reporting & tax\ **Created:** [12 October 2021 08:32 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704 "2021-10-12T08:32:29Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![finalove](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/finalove/32/410_2.png) [@finalove](https://community.sharesight.com/u/finalove)\ **Post date:** [12 October 2021 08:32 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/1 "2021-10-12T08:32:29Z")
Hi all, I did a quick search on the forum but no result so far, so creating a new topic. Anyone knows whether the ‘Currency’ on the Overview page includes exchanged dividend? The reason I’m asking is I got some dividend in a Vanguard fund (non-hedged one), which distributes AUD, then automatically got converted to NZD by Investnow. Now it’d be misleading when Sharesight keeps monitoring the ups and downs of currency movement for this dividend? Thanks in advance! ---
**Author:** ![Jack\_Sharesight](https://avatars.discourse-cdn.com/v4/letter/j/46a35a/32.png) [@Jack\_Sharesight](https://community.sharesight.com/u/Jack_Sharesight)\ **Post date:** [12 October 2021 21:44 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/2 "2021-10-12T21:44:25Z")
Hi @finalove, welcome to the forum! 👋 The currency gain figure reflects the changes in the market value of your shares to exchange rate movements. Your dividends are exchanged into local currency, but there is no currency gain or loss on these. The exception is if you reinvest your dividends, then there will be a currency gain or loss. ---
**Author:** ![finalove](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/finalove/32/410_2.png) [@finalove](https://community.sharesight.com/u/finalove)\ **Post date:** [12 October 2021 22:01 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/3 "2021-10-12T22:01:57Z")
Thanks @Jack_Sharesight , you explained exactly what I’m searching for. Another quick question, is it possible to modify the AUD dividend to NZD ? Given in this case, I received NZD dividend from Investnow, it makes more sense to save it as NZD, rather than AUD ? ---
**Author:** ![Jack\_Sharesight](https://avatars.discourse-cdn.com/v4/letter/j/46a35a/32.png) [@Jack\_Sharesight](https://community.sharesight.com/u/Jack_Sharesight)\ **Post date:** [13 October 2021 03:40 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/4 "2021-10-13T03:40:01Z")
The dividend will show in the currency of the portfolio. If your portfolios tax residency is in Australia, then your dividends will show in AUD on your tax reports. ---
**Author:** ![finalove](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/finalove/32/410_2.png) [@finalove](https://community.sharesight.com/u/finalove)\ **Post date:** [13 October 2021 04:20 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/5 "2021-10-13T04:20:07Z")
Hi @Jack_Sharesight , That’s what I assumed. However it seems the UI says otherwise: ![image](https://global.discourse-cdn.com/sharesight/original/1X/bf07d3b4d306185b7788916e319380f2df8f7ae9.png) ![image](https://global.discourse-cdn.com/sharesight/original/1X/74f1bc9cb6cfc8dc3d7d20e58b24b15d0de57008.png) ---
**Author:** ![Jack\_Sharesight](https://avatars.discourse-cdn.com/v4/letter/j/46a35a/32.png) [@Jack\_Sharesight](https://community.sharesight.com/u/Jack_Sharesight)\ **Post date:** [13 October 2021 05:53 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/6 "2021-10-13T05:53:55Z")
It sounds to me that the holding pays its dividends in AUD, which is then converted via your broker to your bank account? If you let me know the holding ticker code, I can confirm this. ---
**Author:** ![finalove](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/finalove/32/410_2.png) [@finalove](https://community.sharesight.com/u/finalove)\ **Post date:** [13 October 2021 06:36 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/7 "2021-10-13T06:36:27Z")
Yes. It’s Vanguard International Shares Select Exclusions Index Fund VAN1579AU.AUF Thanks in advance! Given it’s quite popular fund in NZ, I’m pretty sure others may have the same doubt. ---
**Author:** ![Jack\_Sharesight](https://avatars.discourse-cdn.com/v4/letter/j/46a35a/32.png) [@Jack\_Sharesight](https://community.sharesight.com/u/Jack_Sharesight)\ **Post date:** [21 October 2021 22:14 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/8 "2021-10-21T22:14:27Z")
I would say because it’s an Australian fund, that it would pay its distributions out in $AUD accordingly. ---
**Author:** ![finalove](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/finalove/32/410_2.png) [@finalove](https://community.sharesight.com/u/finalove)\ **Post date:** [22 October 2021 00:26 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/9 "2021-10-22T00:26:11Z")
Thanks. That leads back to my original question “Anyone knows whether the ‘Currency’ on the Overview page includes exchanged dividend?” ---
**Author:** ![Jack\_Sharesight](https://avatars.discourse-cdn.com/v4/letter/j/46a35a/32.png) [@Jack\_Sharesight](https://community.sharesight.com/u/Jack_Sharesight)\ **Post date:** [22 October 2021 01:50 UTC](https://community.sharesight.com/t/currency-movement-of-exchanged-dividend/704/10 "2021-10-22T01:50:20Z")
The currency gains/losses are only for your holdings, it does not include any conversion from dividends 👍