Tuesday, May 02, 2006

Exchange Rate

My company got bought out/merged/funded whatever the euphemism is now, by a British company late last year. As a bonus from the new parent company, we all got some shares of the IPO since they were about to go public. The interesting thing is these shares are on the London stock exchange only and when I check the ticker, the price is expressed in pounds. Kinda quirky but money is money.

I just checked it today, and the value of my shares has gone up a few thousand dollars without the price of the stock moving. That means the pound went higher and/or the value of the dollar went lower.

I'm not sure how to feel about that.

"Yaaaa weak dollar?"