Before you start
Use currency exposure when your assets, debts or spending needs are not all in the same currency. The goal is to understand native-currency risk and base-currency translation, not to force every record into the portfolio base currency.
Detailed steps
Start from the current visible balance sheet
Open Net Worth and confirm the active portfolio. Currency exposure is calculated from visible records, so Held Away exclusion, missing debts or stale asset values can change the picture.
Read the main currency callout
Use the overview readout to see the main currency and exposure percentage. This tells you where most visible value is denominated. Compare that currency with your real spending currency, tax base and long-term obligations.
Find the records creating the exposure
Open Largest positions and look for the assets behind the currency exposure. A real estate holding, ETF, cash account or debt can dominate the exposure. Open the record when its currency looks wrong or has been entered as the base currency by mistake.
Use Capital Review when the exposure needs action
Open Capital Review if Capitelist flags currency concentration. Read the trigger, recommended action and affected assets. The review item helps you check whether the exposure matches your spending, tax and jurisdiction plans.
Field guide
Currency used to display portfolio totals.
Do not confuse it with each asset's native currency.Currency in which the asset or debt is actually denominated.
Use the source currency from the statement, deed, account or loan.Currency with the largest visible exposure.
Compare it with where you spend, pay tax and owe liabilities.Share of visible value linked to a currency.
Read it with the underlying records.Translation into the portfolio base currency.
Stale FX data can affect displayed totals.Currency of a liability.
Check it separately from the asset it finances.A Capital Review prompt when exposure crosses a selected range.
Use it as a review prompt, not an automatic hedge instruction.Decision rules
What it adds
- Separates real asset movement from FX translation movement.
- Helps you avoid accidental currency concentration.
What it does not do
- Currency exposure is not a hedge recommendation.
- FX conversions depend on available rate data and valuation timing.
Common mistakes
What to check
- Do not change an asset currency to force display in the base currency.
- Check debt currency separately from asset currency.
Changing an asset currency to the base currency just to simplify the view.
Ignoring debt currency when reviewing asset currency.
Assuming currency exposure is automatically bad.
Treating FX translation movement as underlying asset performance.
Comparing exposure while Held Away is excluded in one view and included in another.
Using old values for large foreign-currency assets.
Using currency review as trade advice instead of a decision prompt.
After you save
- Open any large record whose currency looks wrong.
- Correct native currency from source evidence, not from preference.
- Open Capital Review when currency concentration needs a note or follow-up.
- Open Forecast if spending, tax or debt-service currency creates cash risk.
- Document why a currency concentration is intentional when it should remain.
- Recheck exposure after imports, debt changes or major FX moves.