When you invest in an investment fund, surely there are several factors that you look at first: profitability, commissions, and what it invests in... But have you thought about how currency exchange affects your investments? Or do you think that it has nothing to do with the final return of a stock, an ETF or a mutual fund?
Each foreign currency has a different value compared to US dollars. The amount of a currency equal to one dollar is the foreign currency exchange rate.
Investors in countries where the currency is devaluing by the minute, look for the best currencies to invest. Faced with such a rapid loss of value, everyone tends to save in other stronger currencies, where the vast majority of cases is the dollar.