Swap
I would expect any devaluation of Centro's U.S properties to be softened by the fall in the Aussie dollar to the U.S. dollar. The AUD/USD exchange rate has come back from 0.96 to 0.86 in recent times, which is approxmately 10%.
I recall that Centro's functional currency is Aussie dollar and it would be unusual to hedge the forex risk associated with holding U.S. property assets.
Accordingly, I expect any debits to the P&L from a devaluation of U.S. properties to be offset (to some extent) by credits to the P&L from FX transalation gains on U.S. assets.
Just my thoughts. Any comments are welcome (particularly from Financial Accountants).
- Forums
- ASX - By Stock
- westfield us valuations down thirty five pcent
SwapI would expect any devaluation of Centro's U.S properties to...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online