You'll notice that many of the YTD returns are different when adjusted for
local currency appreciation or depreciation and the relative devaluation of various emerging market currencies is another theme that has come to the fore in 2014.
Not exact matches
Other measures, such as exchange controls, are also being used to stem the
appreciation of
local currencies, with the authorities in Thailand announcing in October a package of measures, including suspension of interest payments to overseas holders of Thai cheque and savings accounts and a deposit ceiling of 300 million baht (US$ 7.5 million) per account.
Currency impact can be managed by hedging local currencies back into U.S. dollar, allowing investors to potentially earn local market yields and take advantage of potential local bond price appreciation, with less currency fluct
Currency impact can be managed by hedging
local currencies back into U.S. dollar, allowing investors to potentially earn
local market yields and take advantage of potential
local bond price
appreciation, with less
currency fluct
currency fluctuations.
That has been a benefit for Canadians who hold US equities: not only did the stocks deliver huge returns in their
local currency in 2013, but we got a further boost thanks to the
appreciation of the US dollar.