Market and currency
Shows whether realized account change came from market activity or currency revaluation.
Market and currency splits realized account change into two parts: what came from market events and what came from FX revaluation. This matters when the account holds instruments or cash in more than one currency.
The metric helps explain why the balance moved. A portfolio can gain because trades, dividends or coupons added value, or because existing currency balances became worth more in the account currency.
A positive market result means realized events added value after flows. A positive FX revaluation means currency movement helped the account value; a negative one means it hurt. A common mistake is to blame the trading system for a move that mostly came from exchange rates.
Example: an EUR account holds $10,000 in cash. When exchange rates move, that cash is worth EUR9,200 one day and EUR9,500 later, creating +EUR300 of FX revaluation without a trade. If a dividend adds EUR100, the realized explanation is EUR100 from market/income and EUR300 from currency.
How we compute it
Investment-account operations are converted once at their event-day FX rate to form the historical event sum. FX revaluation is the difference between the reconstructed balance change and that event-day sum after flows; market result is event sum minus converted flows.