This article is from the Australian Property Journal archive
GALILEO Japan Trust has used cross currency swaps to lessen the impact of foreign currency movements on its net asset position.
The trust has taken advantage of the recent strength of the Australian dollar relative to the Japanese Yen and has amended the December 2010 contract by rolling the expiry date out to December 2014.
The final exchanges, being $AU28.2 million and JPY¥2.57 billion remain unchanged.
Australian Property Journal
