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currency performance
Posted: January 17th, 2006, 8:48 am
by captainharlock
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....
currency performance
Posted: January 17th, 2006, 9:09 am
by htmlballsup
Have you checked that the pricing slots for the currencies correspond with those for the indices?
currency performance
Posted: January 17th, 2006, 9:22 am
by captainharlock
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.
currency performance
Posted: January 17th, 2006, 9:53 am
by htmlballsup
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.
currency performance
Posted: January 17th, 2006, 10:00 am
by captainharlock
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)...
currency performance
Posted: January 17th, 2006, 10:26 am
by htmlballsup
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.
currency performance
Posted: January 17th, 2006, 2:02 pm
by captainharlock
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...