So are Australian Shares prices like, BHP Billiton in Australian or US dollars ?
Because I found that the dividends are all paid on US dollars?
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May 26th, 2009 at 8:08 am
share prices are in whatever country your in but it will be compared to other countries such as the USA because their currency is stroogner than the Australian dollar.
May 26th, 2009 at 8:08 am
Currency rates change daily. So it is too hard to say if the are equivalent at any given time.
May 26th, 2009 at 8:08 am
Depending on which country you live in, Using the USD is easier to convert.
Ie. If you lived in Holland where the euro is used, converting "X" amount of dollars is will give you an idea of what it is worth in euro's ( how much you get for the $'s.)
If you live in NZ the same thing applies, you are able to see if you are getting a good deal or not
May 26th, 2009 at 8:08 am
From the question, it appears to me that you are talking about Australian shares of a US company. This would be shares traded on Australian exchange, IN AUSTRALIAN DOLLARS, but the company is American and pays dividends in American dollars. When the dividend is announced, you won't know what the Australian $ equivalent is until the dividend is paid due to fluctuations in exchange rates.