Trades in U.S. Currency
“The reason for adding the U.S. currency option is to make it easier for investors to calculate the various ratios used to value stocks without having to constantly look up currency rates and do the translations,” said Bruce Ritchey, president and CEO of WaterFurnace. “It should also protect investors who may not have noted the fact that results are in U.S. dollars and selling price was in Canadian dollars. The recent large and rapid fluctuations in value between U.S. and Canadian currency have made it especially important to resolve this long-standing issue. The move will also save the cost of currency exchange charges for those investors who trade in U.S. dollars.”
For more information, visit www.waterfurnace.com.
Publication date: 01/12/2009