At FNmarkets, the USD value of your position is calculated by multiplying the number of units you hold by the current market price of the asset in USD. Here’s how it works:
1. Determine the number of units: This is how many units of the asset you own.
2. Find the current market price: This is the latest price of the asset in USD.
3. Calculate the USD value: Multiply the number of units by the current market price.
For example, if you hold 10,000 units of USD/JPY and the current market price is 110.00, the calculation would be the following:
USD Value = Number of Units * Current Market Price
USD Value = 10,000 * 110.00 = 1,100,000 JPY
To convert this to USD, you would divide by the current USD/JPY rate. If 1 USD = 110 JPY, then:
1,100,000 JPY ÷ 110 = 10,000 USD
So, in this case, the USD value calculation of your position would be 10,000 USD.