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The asset rate of returns is the profit on a particular investment; it includes any change in the asset value, interest, commission or dividends and so, all other cash-flows which an investors receive or pays due to the investment.
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Getting Returns from Local Currency to USD
I want to get the daily returns in USD given returns in local currency (say Japanese Yen). … Say for example, on February 3rd according to Factset, the returns of Inpex Corp (Japan) are:
In USD: 0.1740694 (R_Desired)
In JPY: 0.13843775 (R_Local)
The approach I used was this:
JPY-USD on Feb …