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uses the midpoint of the bid\u002Fask for the respective currency pair as reported by Reuters just prior to 4:00 PM ET.\u003C\u002Fp>\u003Cp>You can see the exchange rates used in the Base Currency Exchange Rate section of your daily Activity Statements. 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Select Daily as the Period before you launch the statement.\u003C\u002Fp>\u003Cp>\u003Cstrong>Additional Information\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fen\u002Fsoftware\u002Freportguide\u002Freportguide.htm#reportguide\u002Fbasecurrencyexchangerate_default.htm\">Information on the various sections of your Activity Statement\u003C\u002Fa> in our Reporting Guide.\u003C\u002Fli>\u003C\u002Ful>",[1207,1213,1215],{"id":629,"title":630,"feedback_context":1208},{"request_context":1209,"type":1210,"id":629,"faq_id":629,"timestamp":1211,"cir_id":1212},"faq-browser-public,faq-browser-1:JFaqHTTP5-2b73533d-a0c4-4aa7-9452-c88f35f36178","FAQ_NAVIGATION",1794515900879,"8a25ab6a-1830-45e5-b3f5-664deedf8b77",{"id":968,"title":969,"feedback_context":1214},{"request_context":1209,"type":1210,"id":968,"faq_id":968,"timestamp":1211,"cir_id":1212},{"id":980,"title":981,"feedback_context":1216},{"request_context":1209,"type":1210,"id":980,"faq_id":980,"timestamp":1211,"cir_id":1212},"\u003Cp>\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fsso\u002Fresolver?action=RM_STATEMENTS\">DOWNLOAD ACTIVITY STATEMENTS\u003C\u002Fa>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IBKR uses the midpoint of the bid\u002Fask for the respective currency pair as reported by Reuters just prior to 4:00 PM ET…\u003C\u002Fp>",[1219,1231,1238,1245],{"id":1220,"title":1221,"feedback_context":1222,"short_description":1225,"source":1226},"34481082","If I transfer funds to my trading account will IBKR automatically convert?",{"request_context":1209,"type":1223,"id":1220,"faq_id":1220,"timestamp":1224,"cir_id":1212},"FAQ_SIMILAR",1794515900902,"\u003Cp>Clients may send funds in a variety of accepted currencies. IBKR will not automatically convert funds received to your base currency. The cash balances will display in your base currency and you can view your actual cash balances within the Account window of your trading platform or the Cash Report section of your Activity Statement. …\u003C\u002Fp>",{"id":1227,"title":1228,"link":1229,"sourceType":1230},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=34481082","FAQ",{"id":1232,"title":1233,"feedback_context":1234,"short_description":1235,"source":1236},"29954350","Do you automatically convert the sales proceeds from my closing stock trade to my Base Currency?",{"request_context":1209,"type":1223,"id":1232,"faq_id":1232,"timestamp":1224,"cir_id":1212},"\u003Cp>Once you close a security position which is denominated in a currency other than your Base Currency, the proceeds will remain in that non-Base Currency and subject to exchange rate risk until such time you either \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F111454768\">perform a currency conversion\u003C\u002Fa>…\u003C\u002Fp>",{"id":1227,"title":1228,"link":1237,"sourceType":1230},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=29954350",{"id":1239,"title":1240,"feedback_context":1241,"short_description":1242,"source":1243},"654610290","How often do interest rates change?",{"request_context":1209,"type":1223,"id":1239,"faq_id":1239,"timestamp":1224,"cir_id":1212},"\u003Cp>Interactive Brokers’ \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fen\u002Faccounts\u002Ffees\u002Fpricing-interest-rates.php\">interest rates\u003C\u002Fa> are based on the \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fen\u002Fpricing\u002Freference-benchmark-rates-int.php\">benchmark rates\u003C\u002Fa> for each currency and may change daily. 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It accounts for the difference in between the exchange rate at which a Forex trade was executed and the Base Currency Exchange Rate of the day shown in daily activity statements…\u003C\u002Fp>",{"id":1227,"title":1228,"link":1251,"sourceType":1230},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=96847972",{"request_context":1209,"type":1253,"id":1203,"faq_id":1203,"timestamp":1211,"cir_id":1212},"FAQ_CONTENT"]