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A Japanese bank which bought 30-year bonds at the yen's August 1995 peak would have gained more than 20% on the price of the bond, plus 70% in dollar appreciation, not to mention nearly three years of coupon income.
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If the Fed raises interest rates even a bit, that probably makes Treasuries an even more attractive investment; even if long rates don't rise investors get the prospect of dollar appreciation in the mix.
One example would be a sustained dollar appreciation that results in tough times for emerging markets.
We had a dollar appreciation, and that goes the wrong way for the recovery".
Buenos Aires is a case of dollar appreciation plus very reasonable prices.
And, since over two-thirds of Argentina's debt is in dollars, any appreciation of the euro (and thus, in the future, of the peso) against the dollar would reduce Argentina's debt as a proportion of its GDP, reducing the likelihood of any default.That is the theory.
Participating practitioners were reimbursed with a store voucher to the value of one hundred dollars in appreciation of their time.
In dollar terms they have trebled, thanks to currency appreciation.
Between 1995 and 2002, Zambian Government health spending averaged $12 per person, per year and although had increased significantly in dollar terms in 2006, this reflected a significant appreciation of the exchange rate of the Zambian Kwacha [ 35].
The wage increase works out to 12.5percentt in renminbi terms, and nearly double that in dollar terms after the effects of the yuan's appreciation are included.
Thanks to the yuan's appreciation and reinvested dividends, investors in Chinese shares also got a bounce in dollar terms, even though local indices have fared poorly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com