It isnt very clear to me how it matters and I d love someone to explain the following. I invested in the Quinn Life US Freeway when the dollar dipped first.
Since then the Dollar has gone down further yet my freeway has actually grown in Value and is worth more in Euro terms than when I bought into it about 6 weeks ago. I cant remember the exact figure off hand but the average of my investment in QL since February is 7 %.
Ok so a cheaper dollar is good for exports and hence for the companies but if its all in dollars then why havent I lost any money ? When the dollar went down the shares went up to compensate.
Then what were the news reports all about when it was reported that investors were leaving the dollar to invest in the euro because it was stronger ? So why worry about exchange rates?
Seems like swings and roundbouts in my case