Question, why fx affect share price? (assume oil price and all other remain constant)
RBA cut cash rate will affect fx rate, which inflate USD debt balance and repayment in AUD.
However, at the same time, their revenue is also in USD ? That means the they use USD revenue to pay USD debt. Then what happened in between is just accounting Fx translation, isn't it? There shouldn't be any material impact. (unless STO's credit rating is affected)
will they hedge the aussie..., page-3
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$6.70 |
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Mkt cap ! $21.76B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1500 | $6.69 |
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| Price($) | Vol. | No. |
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| $6.71 | 1500 | 1 |
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