currency performance

captainharlock · January 17th, 2006, 8:48 am

Hi guys,well, I've got to compute an index performance, so my problem concernthe currency...For example, looking at an index, its perfomance in euro is: 0.389% (on a day), and the same index in us dollars has got a perfomance as : 0.764%.Well, if euro performance (vs. us dollar) is : -0.14% , how can I compute 0.764% ???!!!Any help is very appreciated....

htmlballsup · January 17th, 2006, 9:09 am

Have you checked that the pricing slots for the currencies correspond with those for the indices?

captainharlock · January 17th, 2006, 9:22 am

Well, euro/dollar performance is from bloomberg (I computed it by "last price"),and the idex performance is from msci site. The euro/dollar performance could differ between the two provider, but not too much I think.

htmlballsup · January 17th, 2006, 9:53 am

Most of the data supplier should use the same source for FX fixes - WM Reuters - which are used by al the index providers.Is the index for a US or European market? If its a US market close will be later than close of market in Europe.Also make sure you are comparing total return versus total return, or cap versus cap.

captainharlock · January 17th, 2006, 10:00 am

The index is computed by Msci and it's for the European mkt and I'm looking at the index return.In fact the performances are daily (01.16.'06 on 01.13.'06)...

htmlballsup · January 17th, 2006, 10:26 am

This is yesterday for the euro?The change I get in the currency from the FT is .38% which fits pretty well.I think your currency change is wrong.

captainharlock · January 17th, 2006, 2:02 pm

It's right 0.38% htmlballsup.The problem is about at the time the provider refers to the change euro/us dollar,I was looking at the official closing price but it wasn't the right one...