FMG 5.28% $20.43 fortescue ltd

The AUD/USD exchange rate was also lower in H2 compared to H1...

  1. 748 Posts.
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    The AUD/USD exchange rate was also lower in H2 compared to H1 ($0.6847 H1 compared to $0.6580 in H2) - That should average out with the IOP drop (note that this number is significantly skewed by March and April - so depending on shipments and IOP in those months the averages may be all over the shop).

    As I've said all along though - I'm happy @ $0.76 - anything higher is a massive bonus (oh, and if the big funds can drop the price immediately after also to get the DRP shares cheaper that is always appreciated...tongue.png)
 
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