Currency decomposition of overseas stock returns

How much of the home-currency gain comes from the stock and how much from the exchange rate?

Macro, FX and crypto assets MAC-015 Waterfall Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

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0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: FX return
22.69 %
Lowest item: Home-currency total return
-7.27 %
Average
8.24 %
Number of items
4 items

Main chart: base-currency total return (%), by return source

Base-currency total return (%) (Waterfall)

Supporting chart: share price, exchange rate and cross term

Share price, exchange rate and cross term (Bar)

Detail: data rows, observation dates and missing-value status for the currency decomposition of overseas stock returns

Base-currency total return (%) and Share price, exchange rate and cross term (Table)

Sample data rows

Return sourceBase-currency total return (%)Share price, exchange rate and cross termData date (sample)
Stock return 4.15 1.0032 2026-10-16
FX return 22.69 1.129 2026-10-16
Cross term 13.38 1.1008 2026-10-16
Home-currency total return -7.27 1.1828 2026-10-16
Total 32.95 4.4158 2026-10-16