A great overview of relation between currency exchange rates and investment performance in international arena. This is noteworthy, considering current performance of Australian Dollar.
Read more:
http://internationalinvest.about.com/od/gettingstarted/a/currencyeffect.htm
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1 comment:
Interesting reading and thanks for the link.
I have to believe that what is driving most of the equity markets of the world is not growth, but instead, the simple devaluation of the currencies. So, if the currencies are worth less, then it takes more to buy assets. Simple infation at work on a global scale.
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