2013 Country Stock Market Returns: Local Currency Vs. Dollar Adjusted
2013 Country Stock Market Returns: Local Currency Vs. Dollar Adjusted
A lot has been made of strong stock market returns around the world so far this year, but adjusting for currency moves, the returns look a little less flattering. The U.S. dollar is up nearly 4% year to date, while currencies like the Japanese yen, the British pound and the euro are all down. Below is a look at the year-to-date stock market performance of 21 major countries around the world. For each country, we highlight its 2013 performance in local currency vs. dollar adjusted terms.
As shown, the U.S. has been the fifth best performing country in 2013 using local currency returns, but it has been the third best when adjusted for the move in the dollar.
Read more: 2013 Country Stock Market Returns: Local Currency Vs. Dollar Adjusted
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