Dod101 wrote:My point re exchange rates is that if you are buying an ETF which is in effect a world tracker , it must be buying more or less every currency in the world. It will obviously have to convert these into some common currency. No investor has any control over the exchange rates used nor any commission involved so to worry too much about the final exchange rates to the currency of your choice does not seem to me to make a lot of sense.
Dod
I'm not worried about that as Vanguard will get the best market rates for its dealings at a tiny fraction of a percentage market cost. But it does irritate me that HL skim perhaps £20 off every quarterly dividend I receive in my SIPP on my VWRL holding. Yes it is tiny in the scheme of things but it is IMO not a justified charge. In my Chase bank account, for example, any foreign currency transaction is converted at the interbank rate with no charge,