Global Market Performance and Risk-Free Rate Estimation Across Currencies in 2024
Analysis of 2024 global market performance showing US outperformance and regional divergences, with detailed examination of currency effects and methodology for estimating risk-free rates across different currencies. The author demonstrates how exchange rate movements and inflation differentials impact international investment returns.
Metrics in this report
9.5-9.60%
derived from differential calculation
Example calculation result
7.5%
example assumption
Used in risk-free rate differential calculations
2.5%
example assumption
Used in risk-free rate differential calculations
12.17%
aggregate
All publicly traded stocks globally, 2024
170+%
nominal local currency
Best performing index subset, 2024
4.5%
point-in-time reference
Risk-free rate in US dollars, example calculation
9.03%
annual change
Broad USD index against all currencies, 2024
7.66%
annual change
USD index against developed market currencies, 2024
10.31%
annual change
USD index against emerging market currencies, 2024