$100 will buy €87. On January 1st 2025 it bought €96 Had you bought $1000 of S&P on Jan 1st 2025 you'd have $1070 Had you bought $1000 of EUR on the same day

$100 will buy €87. On January 1st 2025 it bought €96 Had you bought $1000 of S&P on Jan 1st 2025 you'd have $1070 Had you bought $1000 of EUR on the same day and put it under the bed, you'd have $1100 $1000 in DAX in Euros would be $1250 today