RMD Aussie stocks are ONE TENTH of the USA price =A$2.746 . The latest mid Rate of exchange of our dollar v the US$ is .5719 which means that , if you want to buy US$ in order to buy US RMD shares , you will pay around 0.577 .
Now devide 2.746 by 0.577 = A$ 4.76 and this is the CURRENT weekend price conversion .
The arbitrage players will have also to look at the expected movements of both currencies on Tuesday before taking a position ...duff
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RMD Aussie stocks are ONE TENTH of the USA price =A$2.746 . The...
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