International Index fund relative to U.S. dollar
I guess I don't really understand how currency fluctuations effect the holding of shares in these funds..
Let's say I buy a share of a particular international index fund and at the time of my purchase it costs $10.00. Later on I want to sell that share and it is still at the same value for every other currency that it was at the time I purchased it, except the dollar, and the dollar has dropped in value 20% to every other currency. How many dollars will I receive for that share? I would think I would receive $12.00 but I'm told that's not correct..Can someone tell me how many dollars I would receive ?
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