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Asked by

Community Member

on

in

Using Decile Hub

How does DecileHub handle currency fluctuations for international investments?

For a fund with international investments, does DecileHub track differences in currency? Or is the best practice to simply keep all investments denominated in one currency?
2 See in Base
0

Answered by

VC Lab Assistant

on

DecileHub does not currently support multiple currencies for investments. The best practice is to standardize on one currency, typically USD, especially if most investments are in USD. If you are primarily planning to invest in CAD in Canadian startups and raising primarily from Canadian LPs, then use CAD. Always consult with your bank about their capabilities regarding currency matters.
0

Answered by

Mike Suprovici

on

Typically funds invest in one currency and it's usually USD. This is because many companies with the ambition to become venture scale, usually move their HQ to a major domicile such as Delaware. VCs tend to standardize their currency for Limited Partners and investments as well and rarely go through the trouble to convert currency. 

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