erichan0212

I have a lot of stock trades which are calculated in USD. As it is mentioned in this post that I can mix the use of the "yearly average" and "monthly average" for CGT report. I have tried to apply a lower rate during my stock purchase and a higher rate during my stock sell. I apply this rule even if it is a day trade. This lower down my profit and increase my loss. If I apply only the monthly average exchange rate, my calculated profit is 2000 pound. If I mix the exchange rate (monthly average and yearly average), my calculated profit is -8000 pound. For CGT reporting within the same tax year, can I really mix the exchange way in the way I like ? Even for yearly average, I find that I can find two different exchange way which cover different period within the same tax year. It means that I am able to choose 3 exchange rate for a particular trade date to create the benefit I like. I have tried to apply 3 exchange rate and my calculated profit is -12000 pound. This is a big difference. Thank you, Eric