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.
Why a common base is essential
A local investor's portfolio usually lives in three or four currencies at once: local stocks in the local currency, US stocks and crypto in dollars, some funds in euros. Summing these in their own currencies is adding apples and oranges — it shows neither your true total wealth nor your real risk. For one meaningful question ("how rich am I today and how volatile is that?") all assets must be converted to a single base: the currency you spend, the local one. Kuantile converts every asset at the current rate and sums it there.
Folding the FX effect into returns
The most important consequence of a local-base view: the local-currency return of a dollar asset includes both the asset's own move and the move in the exchange rate. Even if Apple falls 2% in dollar terms, your position can be up in local terms if the currency lost 3% that day. Kuantile runs its return and risk calculations directly on this local-currency series; so FX is not a separate line item but an inseparable part of each asset's real return.
Multiple exchanges, different hours
Your assets trade in different time zones: the local exchange closes in the afternoon, US markets open in the evening, crypto never stops. This means an "instant" portfolio value is actually a mix of prices taken at different times. Kuantile aligns the data consistently and evaluates it on a common date axis; so correlation and VaR calculations are not distorted by the noise arising from different exchange closing times.
See your portfolio in TRY terms →