Currency conveter

In by John Polizzi1 Comment

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John Polizzi

Hi,

I’ve started investing in an ETF through Stake but a question I have which I can’t seem to figure out is how the US/Aussie dollar affects my shares.

Can you please explain if the US dollar is increasing am I better off or worse off?

Also are there things we could do as an investor to take advantage of a weak Australian dollar?

Cheers,
John

  • Edit
    EquityMates

    Hi John,

    Thanks for reaching out! Short answer, if the US dollar is increasing against the Aus dollar, then yes, those investments are better off because when you go to convert back into Aus dollars when you sell, you will get more Aus dollars for your USD.

    We've just recorded our Ask Us Anything episode, which we'll release over the next two episodes, with your answer. Apologies for the wait!

    Cheers,
    Bryce