The Aussie dollar is expected to rise to USD$0.82 which will impact earnings which in the majority emanate from the USA. It may go higher!
PAC is also exposed to the UK Pound and the Euro.
For 2021, the 'Big 4' major Australian banks raised their AUD to USD forecasts. Let's have a look at 2020. It has been a tumultuous year for the AUD due to coronavirus. In March it plummeted to an 18-year low of $0.55, only to jump back up to the highest levels in 2 years in early September. A lot of the AUD recovery was due to the US dollar hitting 2-year lows and commodity prices improving. Many analysts expect the Aussie to move higher by the end of 2020.
Q: How does PAC risk manage its currency exposures?
Ann: Pacific Current invests in Astarte Capital Partners, page-4
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Last
$10.19 |
Change
-0.060(0.59%) |
Mkt cap ! $525.5M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.24 | $9.93 | $145.2K | 14.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $10.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 132 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$10.21 |
Change
-0.060 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $10.16 | $10.21 | $10.02 | 1539 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PAC (ASX) Chart |