Subject: Re: IBKR question
In the past, I have converted (using their Forex screen) to foreign currency for trading - trying to calibrate the number of shares to the amount converted, etc. More recently, when I bought some Japanese shares, they automatically converted to the target currency seemingly at the proper conversion rate (which make things much simpler). It sounds like you are correct in your assessment, but I always thought currency conversions were nearly immediate. (Of course, I may be wrong as I feel I have the skills of a Cessna pilot sitting in the cockpit of an F-16 when I trade on IBKR).

Jeff