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Microsoft
and Apple Corporation both are technology companies and are considered as tech
giants. Apple Corporation has a major business in China, and in the last
several years many iPhones are being manufactured in China. Microsoft has also
major presence in China and working in China from last 20 years. As both
companies have major presence in China both companies are majorly exposed to
Chinese Yuan. In the investment period Chinese Yuan has experienced decline
which means that US dollar has experience increase as seen in the line chart
below.
Source: https://www1.oanda.com/fx-for-business/historical-rates
In
the below line chart the stock prices of Microsoft corporation can be seen. Due
to the exchange rate movement, the Microsoft corporation stock prices have
experienced growth because US dollar has strengthened against Chinese Yuan.
Source: https://finance.yahoo.com/quote/MSFT/history?p=MSFT
In
the below line chart the stock prices of Apple corporation can be seen. Due to the
exchange rate movement, the Apple corporation stock prices have experienced
growth because US dollar has strengthened against Chinese Yuan.
Source: https://finance.yahoo.com/quote/AAPL/history?p=AAPL
Exchange Rate-Yuan to US Dollar Nov 10-15
(2019)
Source: https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/usd/USD-to-CNY-2019
Microsoft Corporation Stock Price Nov 11-15
(2019)
Source: https://finance.yahoo.com/quote/MSFT/history?period1=1541876400&period2=1573844400&interval=1d&filter=history&frequency=1d
Apple Inc. Stock Price Nov 11-15 (2019)
Source: https://finance.yahoo.com/quote/AAPL/history?period1=1541876400&period2=1573844400&interval=1d&filter=history&frequency=1d
References of Relationship between the currency’s exchange rate movements and the performance of the stocks of Microsoft and Apple Corporation
Fridson, M. S., & Alvarez, F. (2011). Financial
Statement Analysis: A Practitioner's Guide. John Wiley & Sons.
Jonathan, B. (2010). Financial Management. Pearson Education, India.
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