You are correct Jiblet. I got carried away there with my numbers! It is nowhere near as sensitive as I mentioned above to exchange rate. However it is still more sensitive now that the hedges are off. I guess in theory, other things being equal, if there was an unfavourable move in exchange rates of 20% from this point onwards, the NTA would also fall by about 20% since as you say, virtually all the debt is in JPY.
does that sound right jiblet?
You are correct Jiblet. I got carried away there with my...
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