@Therapeut because we recently had the topic of fund currency and currency risks, I have taken the $VWRL (+0.11%) and how it has developed in USD, EUR, CHF and GBP.
It's easy to see how US and Swiss investors are being fisted by their strong currencies, while euro investors and Brits with their meme currencies can't stop laughing.
And because it was so nice, the whole thing again for the S&P500
But you also have to bear in mind that if the USD appreciates, you can book additional currency gains, which is good if you have already invested a lot, but if you are still in the savings phase, this also means that US companies will become increasingly expensive for you. So it's a double-edged horse. 😘