No. A portfolio’s base currency is set when the portfolio is created and can’t be changed later.
How Base Currency Is Set
Your portfolio’s base currency controls how Navexa reports portfolio-level values and performance.
When you create a portfolio on the Navexa website, you select your Tax Residency. This determines the portfolio’s base currency.
For example:
Australia creates an AUD-base portfolio.
United States of America creates a USD-base portfolio.
In the Navexa mobile app, you select the Base Currency when creating the portfolio.
Choose this carefully because the base currency becomes read-only once the portfolio has been created.
If You Chose The Wrong Currency
If your portfolio was created with the wrong base currency, create a new portfolio using the correct currency.
Check that you have room for the replacement portfolio before you start. Basic includes one portfolio. To add more portfolios, upgrade to Standard or Premium.
On the website:
Open the Portfolio Selector at the top left.
Select Manage Portfolios.
Select + Add Portfolio.
Enter the portfolio name.
Select the correct Tax Residency.
Select Create.
You can then add or import your investment data into the new portfolio.
If you no longer need the original portfolio, you can delete it after confirming that the new portfolio contains the data you need.
Deleting a portfolio is permanent.
Australian Tax Reporting
Australian Taxation Office (ATO) reporting in Navexa requires an AUD-base portfolio.
If your portfolio uses USD, GBP, EUR or another non-AUD base currency, Australian tax reports such as ATO MyTax, Capital Gains Tax and Taxable Income won’t be available for that portfolio.
You can still track foreign investments inside an AUD portfolio. Navexa can record holdings and transactions in currencies such as USD while keeping the portfolio’s base currency in AUD.
Viewing Foreign Holdings
If you only want to see a holding in the currency it trades in, you don’t need to change your portfolio’s base currency.
On the Portfolio page, use the currency display control to switch to Local.
For example, an Apple holding can be displayed in USD inside an AUD-base portfolio.
Changing to Local only changes how values are displayed. It does not change:
the portfolio’s base currency
its tax residency
the currency used for Australian tax reporting
Common Questions
These answers explain what changes you can make without changing a portfolio’s base currency.
Can I Change The Currency In Settings?
No. You can update settings such as the portfolio name, tax entity type and calculation settings, but the portfolio’s base currency remains fixed.
Does Renaming The Portfolio Change It?
No. Renaming a portfolio only changes its name.
It doesn’t change its base currency, holdings, transactions or reporting settings.
Do Foreign Investments Need A Foreign-Currency Portfolio?
No. An AUD-base portfolio can contain investments that trade in other currencies.
If you’re an Australian investor who needs Navexa’s Australian tax reporting, you should generally keep the portfolio base currency as AUD and record foreign investments within that portfolio.
Remember, this is general information, not personal financial advice.