The S&P 500 in Euros, Yen, Yuan and Other Currencies
The plate
The S&P 500 in six currencies — euro, yen, yuan, Taiwan dollar, won and Canadian dollar — beside the same index in U.S. dollars, each from the currency's first Federal Reserve noon rate (the euro from its launch in 1999). The band between the two lines is the exchange rate's effect; by year, each return splits into the dollar return and the currency's part. Price return, no dividends, no hedging.
What this page answers
In euros, the S&P 500 compounded 5.47% a year over the 26 complete calendar years 2000–2025, against 6.10% a year in U.S. dollars over the same years; the price of one U.S. dollar in euros changed by -0.59% a year. In 2026, to Nov 6, the index is +13.4% in euros and +7.8% in U.S. dollars. Price return, no dividends, converted at the Federal Reserve's noon buying rate in New York. The best complete year in euros was 2021 (+37.1%; +26.9% in U.S. dollars), the worst 2008 (-35.5%; -38.5% in U.S. dollars). The deepest fall in euros, between month-end closes, was -66.0%, from August 2000 to February 2009; it was made up by January 2015.
The S&P 500 in six currencies — euro, yen, yuan, Taiwan dollar, won and Canadian dollar — beside the same index in U.S. dollars, each from the currency's first Federal Reserve noon rate (the euro from its launch in 1999). The band between the two lines is the exchange rate's effect; by year, each return splits into the dollar return and the currency's part. Price return, no dividends, no hedging. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.
S&P 500 in six currencies — compound rate per year over complete calendar years, best and worst year, deepest fall (price return)
| Currency | Complete years | Per year in the currency | Per year in U.S. dollars | Best year | Worst year | Deepest fall |
|---|---|---|---|---|---|---|
| Euro (EUR) | 2000–2025 | 5.47% | 6.10% | +37.1% (2021) | -35.5% (2008) | -66.0% |
| Japanese yen (JPY) | 1972–2025 | 6.71% | 8.10% | +57.4% (2013) | -50.0% (2008) | -61.5% |
| Chinese yuan (CNY) | 1982–2025 | 13.08% | 9.57% | +61.4% (1989) | -42.5% (2008) | -60.0% |
| New Taiwan dollar (TWD) | 1984–2025 | 8.63% | 9.28% | +56.1% (1997) | -37.9% (2008) | -49.2% |
| South Korean won (KRW) | 1982–2025 | 11.39% | 9.57% | +162.0% (1997) | -30.8% (2002) | -42.0% |
| Canadian dollar (CAD) | 1972–2025 | 8.73% | 8.10% | +38.4% (2013) | -30.0% (1974) | -58.2% |
S&P 500 in euros by calendar year: return in U.S. dollars, currency effect and return in euros, 1999–2026 (price return)
| Year | Return in U.S. dollars | Currency effect | Return in euros |
|---|---|---|---|
| 2026 (part year) | +7.8% | +5.2% | +13.4% |
| 2025 | +16.4% | -11.8% | +2.7% |
| 2024 | +23.3% | +6.9% | +31.8% |
| 2023 | +24.2% | -3.3% | +20.1% |
| 2022 | -19.4% | +5.8% | -14.8% |
| 2021 | +26.9% | +8.1% | +37.1% |
| 2020 | +16.3% | -8.2% | +6.7% |
| 2019 | +28.9% | +2.0% | +31.5% |
| 2018 | -6.2% | +4.9% | -1.6% |
| 2017 | +19.4% | -12.2% | +4.8% |
| 2016 | +9.5% | +2.9% | +12.7% |
| 2015 | -0.7% | +11.4% | +10.6% |
| 2014 | +11.4% | +13.9% | +26.8% |
| 2013 | +29.6% | -4.3% | +24.0% |
| 2012 | +13.4% | -1.6% | +11.6% |
| 2011 | -0.0% | +2.3% | +2.3% |
| 2010 | +12.8% | +8.0% | +21.8% |
| 2009 | +23.5% | -2.9% | +19.9% |
| 2008 | -38.5% | +4.9% | -35.5% |
| 2007 | +3.5% | -9.6% | -6.4% |
| 2006 | +13.6% | -10.3% | +2.0% |
| 2005 | +3.0% | +14.3% | +17.8% |
| 2004 | +9.0% | -7.0% | +1.4% |
| 2003 | +26.4% | -16.8% | +5.2% |
| 2002 | -23.4% | -15.1% | -34.9% |
| 2001 | -13.0% | +5.5% | -8.3% |
| 2000 | -10.1% | +7.3% | -3.6% |
| 1999 (part year) | +19.6% | +17.3% | +40.3% |
28 rows, one per year. Return in euros = (1 + return in U.S. dollars) × (1 + currency effect) − 1; the currency effect is the change in the price of one U.S. dollar in euros. A part year starts at the currency's first rate or ends at the latest rate. Raw dataset: https://historyofmarket.com/api/sp500/local-currency.json
Data & Source
GET /api/sp500/local-currency.json — Canonical dataset endpoint.
Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.
FAQ
How has the S&P 500 done in euros, compared with its return in U.S. dollars?
In euros, the S&P 500 compounded 5.47% a year over the 26 complete calendar years 2000–2025, against 6.10% a year in U.S. dollars over the same years; the price of one U.S. dollar in euros changed by -0.59% a year. In 2026, to Nov 6, the index is +13.4% in euros and +7.8% in U.S. dollars. Price return, no dividends, converted at the Federal Reserve's noon buying rate in New York.
In which years did the S&P 500 rise in euros but fall in U.S. dollars, or the reverse?
In 2 of the 26 complete years from 2000 to 2025, the return in euros and the return in U.S. dollars had opposite signs: 2007 and 2015. In those years the currency's move was larger than the index's and in the other direction.
Where does this data come from?
History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.
How often is it updated?
Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh each weekend. The timestamp shown on this page comes from the JSON payload.
Can I use the data?
Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.