That's a good question. The company would be holding various currencies in quantities that they believe would be advantageous to them.
FMG's treasury would use natural hedges, forward contracts, and a whole ranging of hedging options to try and minimise the adverse affects of FX.
The good thing at the moment is that their income continues to be in USD. Their USD debt will not have an FX impact, but paying for Australian expenses would be cheaper now for the company.
That's a good question. The company would be holding various...
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |