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Exchange Rate Tourism

  1. 5,581 Posts.
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    The exchange rate has been getting worse and worse for me running an import/ecommerce business, but it should be a boon for EXP, right?

    Shouldn't it be easy to grow profit in this environment, since tourism should be rising on the falling AUD?

    I see the AUD chart falling, and I think EXP should be showing roughly the inverse - a rising chart because of more tourists.

    But EXP is falling. I expect it's since their guidance/results were not very good, with falls projected in some divisions, blamed on bad weather and some bad publicity this year? I think they have an exchange rate tailwind and it should be easy to get back to profit growth.

    Sentiment: I bought a bit more lately.
 
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