Which will start Do you get the most out of a green background? And do changes in the value of major currencies lift any particular range?
The US dollar is having a good year. The U.S. dollar index, which tracks the value of the dollar against other currencies, fell by around 95 points in early January. Since then, the measure has appreciated to 106.69 points as of today – and we’ve seen the US dollar rise against the euro, with the latter gaining a premium over the former over the past 20 years.
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Changing relative prices of major currencies are affecting technology earnings. US tech giants, for example, reported large currency-related impacts on their Q2 results. Microsoft grew 12 percent in the second quarter of 2022 — but 16 percent if we strip out the impact of currency fluctuations. In the same case, Microsoft posted a 5 percent net revenue growth rate over the same period.
Microsoft wasn’t alone. Expenditure Meta COO Sheryl Sandberg said during the company’s latest earnings report that changing currency rates “had a significant impact on Q2, particularly the depreciation of the euro against the dollar.” In fact, the year-over-year revenue decline that Meta reported in the second quarter would actually have been 3% of revenue. development According to Sandberg, the currencies will last.