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@musili There can be, but usually it's just businesses complaining that they need to pay more to get people through the door.

@veilmenacex Right, that's the opportunity cost of spending your home currency. It doesn't matter what you invest it on, if you expect a return in the same currency you're exposed to its value fluctuations. Doesn't matter if it's European stocks or US stocks or gold or a bank deposit.

@veilmenacex It doesn't matter what you buy them with, unless you're talking about opportunity costs. I can buy stocks with euros and measure their performance with pesos if I want. I can exchange currencies very easily. Opportunity costs are important but independent of the assets, if you...

@veilmenacex But that is irrelevant, you're only touching USD for a few minutes when buying and selling, the difference is in measuring the change in one currency or another, because the currencies themselves change in value. If you measure in Venezuelan pesos it looks like the S&P500 had...

@veilmenacex The fund is invested in S&P 500 stocks, not USD. If I trade 100€ for 113USD to buy some gold I'm not invested in USD, I'm invested in gold, roughly 100€ or 113USD worth, minus whatever fees I paid. What I think you're getting at is that when measuring the percentage change over...