Kuantile
Why Tracking Your Portfolio in TRY Terms Is Vital
This picture may look familiar: +30% on your BIST account, +15% in the crypto wallet, some savings in a dollar account. Every app shows green in its own currency — but did your total wealth actually grow? Answering that requires converting everything into one currency: the one you spend.
Currency is the lead actor in return illusions
In an economy where the exchange rate can move 30-40% a year, the choice of base currency transforms returns. A stock up 35% has lost money in dollar terms in a year the lira fell 40%. The reverse holds too: a flat US stock protected your wealth in TRY terms. Which base to use is not philosophical but practical: measure your wealth in the currency of your rent and your bills. For most investors living in Türkiye, that is the lira — with a dollar-based second view as a useful complement.
The hidden benefit of consolidation: correct risk numbers
TRY consolidation doesn't just answer "how much in total?" — it fixes the risk math. A dollar asset's daily TRY return = its own return + the currency's return. Two consequences follow:
- Dollar assets are more volatile in TRY terms than in dollar terms (currency volatility is added).
- On lira-shock days all dollar assets jump together in TRY terms — assets with low dollar-based correlation become highly correlated in TRY.
A VaR computed in dollars misstates the real risk of an investor who lives in lira. Kuantile therefore converts everything — price series, correlations, VaR, stress tests — to TRY before computing anything.
How it works in practice
Doing this by hand means multiplying two series (price × rate) per asset and aligning lagged fund prices; the spreadsheet soon collapses. In Kuantile you enter your assets once: the current USD/TRY rate is shown on the dashboard, valuation is consolidated automatically, and the evening reports answer "what happened to the total today?" in a single line. The fastest way to break the currency illusion is to leave it no room.
See your portfolio in TRY terms →