Yes, the foreign currency conversions are the daily currency rate as provided by the custodian.
All foreign currency conversions attract a cost. These currency conversion costs are imposed by third parties. Kenanga Digital Investing (KDI) will work with such third-parties to mitigate these costs. In the case of Kenanga Digital Investing (KDI)’s appointed broker, GTN Group Holding has committed to fixing the cost of currency conversion at 20 basis points (i.e. Rate of 0.2%) to be embedded in the applicable foreign exchange rate.