NDQ is just a basket of stocks whose value is expressed in USDs. To find the equivalent value in AUD, you have to use the USD vs AUD exchange rate. So, if the AUD were to appreciate (rise) against the USD, the value of NDQ (expressed in USD) would be worth less for Australian investors (i.e. its value woul fall). The reverse is true if the AUD were to depreciate (fall) against the USD.
As I pointed out in a previous post, ETF HNDQ can be used to protect against a rising AUD. However, opinion on where the AUD is headed is always divided, and is notoriously unpredictable.
NDQ is just a basket of stocks whose value is expressed in USDs....
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Last
8,076.6 |
Change
70.350(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,076.6 | 0.00 | 0.00 |
| IXIC (INDEXNASDAQ) Chart |
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