CNP 0.00% 4.0¢ cnpr group

aud vs us dollar now 61c

  1. 1,064 Posts.
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    Has anyone done calculations on how the fall in the Aussie dollar may help Centro? I can see it does not change the leverage - the $US amount borrowed would have gone up considerably (a good headline for the journos out there) and the values of the properties when converted to $A in the same proportion.

    Does Centro pull much/any money out of the US at the moment - surely US management fees etc are going to increase substantially if they are not all hedged - a 56% increase from June.

    Surely it also makes selling a property in the US more attractive as well - any equity left over if brought back to Australia will be worth 56% more.
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