hedging re crypto ?

  1. 1 Posts.
    Hi,
    New to crypto trying to understand what happens to a token if the local AUD currency fluctuates to the USD ?
    In stocks if the AUD goes up compared to the USD then I lose money when I sell back into my AUD bank account (assuming the stock price doesnt change)
    Is crypto the same ? Do I lose money if the AUD goes up against the USD ?
    In stocks I can buy a 'hedged' stock which takes out the currency change effect.
    Is there anyway to do similar with a crypto token ie. like a 'hedged' token ?
    (Im looking at buying paxgold)

    Thankyou !
    Grant


 
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