Email of the day (2)
"I am trying to look at the price of PRPFX in Canadian dollars and think I should be dividing by USD/CAD. Can you help?".
Eoin Treacy's view Thank
you for this question which may be of interest to other subscribers. When attempting
to view a US$ denominated instrument in Canadian Dollar the correct format is
to multiply by USD/CAD. Right now, the Canadian Dollar is stronger than the
US Dollar at 97¢. Therefore the Canadian Dollar value should be a smaller
number than the US Dollar value. For example gold at US$1410 *0.97 Canadian
cents = C$1367.
When
redenominating the Permanent Portfolio Fund (PRPFX)
into Canadian Dollars, choose the fund from the menu and click on the Charting
tab, located in the charcoal coloured bar about the chart. Choose US$/Canadian
Dollar (CAD) from the Relative dropdown menu and choose multiply from the adjacent
menu. Next hit Apply. The redenominated chart will now be displayed.
If you
would like to save this operation as a template so that you can redenominate
any US Dollar quoted instrument to Canadian Dollars without having to follow
the above instructions again take these additional these steps:
Click
on the Charting tool again.
Click on Save in the aquamarine stripe at the top of the popup window
Give the template a name and hit OK.
Refresh the page.
Your
template will now be found in the Chart dropdown menu at the top of the page
and can be applied to any US Dollar quoted instrument whenever you wish.