It's almost hard to believe in just six months the Australian dollar has fallen 16%, to just 79.13 US cents.
What's more, throughout the remainder of 2015, it's expected to continue falling!
The Reserve Bank wants a lower dollar to spur on Australia's non-mining sector.
In fact just in December, RBA Governor Glenn Stevens said he would like to see the AUD closer to 75 US cents.
If – like many expect – the dollar does continue to fall, shareholders in a number of ASX-listed companies will likely witness a boost to full-year earnings in 2015 and 2016.
4 BIG ASX stocks for a currency boost
Some of the clear winners of a depreciation in the AUD will be those companies which derive a large proportion of their revenues overseas.
Packaging giant Amcor Limited (ASX: AMC) receives just 3.9% of revenues from Australia and nearly 30% from the USA. In addition a recovering US economy will spur demand for packaging services.
Investment bank Macquarie Group Ltd (ASX: MQG) derives 65% of revenues offshore and will also receive a welcome boost from a stronger US share market. Just last week it upped its full-year profit guidance.
Implantable hearing device manufacturer Cochlear Limited (ASX: COH) will also be a winner, and when combined with the rollout of new devices it's easy to see why Cochlear's share price has rallied 28% over the past six months. Keep an eye on this one.
Lastly 70% of assets controlled by shopping centre giant Westfield Corp Ltd (ASX: WFD) are located in the US. It is, like Amcor, directly exposed to increasing US consumer confidence and the weaker AUD will bring a welcome earnings boost.
Foolish takeaway
Although the largest proportion of the AUD's falls are likely to have already taken place, the entire impacts are yet to be felt on the bottom line (profit) of many companies which derive a significant amount of their earnings offshore (such as those above). Now could be a good time to position your portfolio to benefit…
