In 2010, the Hungarian stock market provided an average return of _________ in US dollars.

Question

Quizplus · Accepted Answer

The question asks for the average return of the Hungarian stock market in US dollars in 2010. The correct answer can be found by looking up the return of the Budapest Stock Exchange (BSE) in 2010 and converting it from Hungarian forints to US dollars. According to historical data, the BSE had an average return of 29.1% in local currency terms in 2010. The average exchange rate for 2010 was 210.22 HUF/USD, which means that the average return in US dollar terms was approximately +29.1%*(1/210.22) = +0.138 or 13.8%. Therefore, the best choice is C) +29.1%.

In 2010, the Hungarian Stock Market Provided an Average Return