The currency picklist allows you to specify in which currency you want the filters to be applied. If you select 'USD' for instance:
- The filters on market cap and value traded will be executed in dollars.
- The amounts displayed in the grid (Enterprise Value, EBIT, Net Debt, Excess Cash,..) will be converted to USD.
By converting the values, it becomes very easy to compare companies even if they report their quarterly results in different currencies. We always take the currency exchange rate of the prior day to calculate the amounts.
The currency will also be used to define the stock universe on which relative scores such as the Magic Formula, the ERP5 and the O'Shaughnessy Value Composites (VC1, VC2, VC3) are calculated.