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Gold (BHP, HMY, GFI, AAUK) on the NYSE

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Rovert
Super Contributor
Please help with this one. If i take the closing price of GFI on the NYSE...and multiply that by the exchange rate i will get the JSE listed price. This isnt the case with AAUK etc. Why is that and what multiple factor do i need to use to get the correct equivalent price for AAUK, HMY, BHP. Thanks
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2 REPLIES 2
Rovert
Super Contributor
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Theater_Cat
Super Contributor
Take a look at "The Daily Standard" publication on this website under "Traders Daily" - the ADR's prices are converted (from which you should be able to calculate conversion). see www.wikipedia.com for definition of ADR...
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