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  • MK62
    MK62 Posts: 1,738 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 20 February 2024 at 12:25AM
    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)
    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.
    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.
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