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Yes, but the point was that the calculation shown would only be valid if the value of USD remained unchanged vs the other index currencies ........a bit of a stretch if the US equity market suddenly fell 50% unilaterally.......if the value of USD did change then the calculation would be a bit more complicated.InvesterJones said:
Not really - to compare market capitalisations you're already denominating in one currency, so variances in currency strength already correctly reflect variances in market cap.MK62 said:It's more complicated still if the value of USD changes vs other currencies (almost certain if the US equity market plummeted 50% in isolation)1
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