@reg, you are correct in saying that, but don’t forget 2019 is...

@reg, you are correct in saying that, but don’t forget 2019 is the breakeven year for Nearmap.

So if that is true and we are to believe that US growth is accelerating faster than AUS then the intensive US spending is already behind us and not ahead of us, the gentle increase in the USD is therefore definitely beneficial for Nearmap.

Remember the FED is only now gently increasing these rates, the combine effect of good US growth and higher USD across the next 2-3 years is the time frame we need to focus on.

But even if Nearmap did delay the breakeven point by a little, I certainly don’t expect AUS profits to still be supporting the US business in 2 years time.