A net worth tracker for expats, after you move
4 min read
A net worth tracker for expats has to handle the move itself: the accounts stay where they are, and the currency you think in changes. In Moflow, a net worth tracker, you switch the display currency and no account changes, so the accounts you left behind stay in one total beside the new ones. That comes with Free; on Moflow+, a supported brokerage connects read-only.
The setup across several countries is in How to track net worth with accounts in several countries. The conversion, with a worked example, is in How to track your net worth in multiple currencies.
Switch the display currency
Say you move from London to Toronto, and Canadian dollars become the currency you think in. Change the display currency from the menu at the top of the app. Your net worth, Accounts and Allocation then show in Canadian dollars, with nothing to enter twice. The pound accounts still read in pounds on their own lines.
The exchange rate moves the total too. If the Canadian dollar rises against the pound, the pound accounts count for less in your net worth, while their balances stay the same.
Yearly income and Monthly burn rate keep a currency of their own, in Money profile under Settings › General, so a new salary and a new rent go in there.
The accounts you left behind
An old salary account, savings at home and a flat you rent out, with its mortgage, stay in the same total, in the currencies they are held in. They are kept by hand, and you update them when you choose.
Sort your accounts under categories of your own, by country for instance, and a category shows its own total.
A bank account in the new country goes in the same way, with a name, a currency and the balance on your statement.
On Moflow+, a brokerage account you keep abroad connects read-only when the brokerage is on the list at Connected accounts, Interactive Brokers, Wealthsimple and Questrade among them. It keeps the currency the brokerage reports. Read-only: Moflow never trades and never moves money.
Pensions in another country
A pension from a past employer is one more account kept by hand, under Investment or Other, at the value on its latest statement.
Or, on Moflow+, use Retirement's Yearly pension income: one figure, in the currency of your Money profile. The estimate treats it as the same amount every year and leaves out tax.
The months on either side of the move
A confirmed month cannot be rewritten, so the months before your move stay as you confirmed them.
On Moflow+, Trends draws those months in your new display currency. A month confirmed in the old one keeps its figures, and Trends converts them at the exchange rates Moflow holds now, so the chart runs through the move in one currency.
Free, and what Moflow+ adds
Free includes stocks, ETFs and crypto, cost and gains on every position, allocation by asset class and the monthly snapshot of your balances, with no card needed. Your ledger is encrypted in transit and at rest and used only to serve you.
Moflow+ adds your brokerage accounts, connected read-only, plus goal tracking, retirement planning and wealth projections, decades ahead. Moflow+ also adds Trends: your wealth, month by month. On Moflow+, connect your AI assistant and ask it about your wealth. What each plan costs is on Pricing.
Questions
Does Moflow work as a net worth tracker for expats?
Yes, in the currencies Moflow supports. On Free and on Moflow+, accounts stay in the currencies they are held in, and the total shows in a display currency you can switch after a move.
What happens to my accounts when I change the display currency?
No account changes, on Free or on Moflow+. Moflow shows the same accounts totalled in the new display currency, with nothing to enter twice.
How do I track a pension from another country?
Add it as an account kept by hand, in its own currency where Moflow supports it, at the value on its latest statement. Or, on Moflow+, enter one yearly figure in Retirement.
What happens to past months after I switch display currency?
On Free and on Moflow+, a confirmed month cannot be rewritten. On Moflow+, Trends shows earlier months in the new display currency, converted at the exchange rates Moflow holds now.