Currency terminology Q

When they say the ‘local’ currency return is 5%…does this mean the same thing as foreign? As in, if the home currency is USD, & we have foreign Euro investments, the local return of 5% would be in euros?
Also, what exactly is meant by ‘domestic’- that means after converting to the home aka domestic currency, yes?

Safe to assume local currency is based on the currency where the foreign investments is on (in your example, Euro).

Domestic currency here will be the reporting currency of the fund (in your example, USD).

Local: the currency in which the investment is denominated.

Domestic: the investor’s home currency.