Dividends in €, is it possible?

[Guilherme Oenning]

Great tool, thanks for building it!

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I'm quite new to CGT but my understanding is that we should use the FX Rate of the date when we received the dividends. Does Degiro give us enough data to convert the dividends back to EUR?

[Paolo]

Thanks, fair question. That information is actually present in the Account Statement, but it's not easy to retrieve.

For instance, in the CSV you can have

09-09-2020,08:59,08-09-2020,,,FX Debit,,EUR,0.78,EUR,98.42,
09-09-2020,08:59,08-09-2020,,,FX Debit,1.1786,USD,-0.92,USD,0.00,
09-09-2020,06:28,08-09-2020,ACME,US93123123,Dividend,,USD,1.08,USD,0.92,
09-09-2020,06:28,08-09-2020,ACME,US93123123,Dividend Tax,,USD,-0.16,USD,-0.16

so there's no id we can use to correlate the bottom two lines (the actual dividend operation + its tax) with the top two (the currency exchange). Even worse, sometimes the top two lines and the bottom ones are interleaved by unrelated transactions (I found that sometimes the FX operation happens days after the corresponding dividend transaction 🤦‍♂️ ).

So it's not impossible, but it's awkward to work out.

the FX Rate of the date when we received the dividends

In the example above, it would be 1.1786 (0.92 USD / 1.1786 = 0.780587137 €) - but again, judging from the CSVs I have, it may not be at the same date of the dividend transaction itself.

PS: also notice that, strictly speaking, dividends in some countries (e.g. Ireland) are not considered for CGT.