# Impact of currency appreciation on overseas investments

Why would a strengthening currency be beneficial for overseas investment? Let's say we invest in 'Murica, and the current exchange rate is $$R1 = 1$$. We buy \$10 to buy US investments. Then the currency appreciates/strengthens to $$R1 = 1.5$$. When we convert the instruments we bought (assuming no change in value) back to Rands, then we get less money out (we now have R6.67). Surely we benefit from a depreciation of the domestic currency as opposed to an appreciation?