The Motley Fool

Brambles, CSL, QBE: How have they performed compared to the Aussie dollar?

This year the Australian dollar has — on a couple of occasions — managed to poke its head above US$1.05, with the most recent such occasion being around the 11 April.

However, since April, it’s been downhill for our dollar. Today, the Australian dollar is buying around US$0.92.

This has justifiably led to investors analysing which companies should do better in a weaker Australian dollar environment. Three companies regularly selected for benefiting are pallet pooling company Brambles (ASX: BXB), biotech CSL (ASX: CSL) and global insurer QBE Insurance (ASX: QBE).

A quick look at a chart of each company’s share price performance shows that there is good reason to identify US dollar exposure. In a period in which the Australian dollar has lost 11.5% of its value against the US dollar, Brambles, CSL and QBE have all outperformed the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO). While the index has lost about 6% in the last 3 months, QBE has gained an impressive 18%, Brambles nearly 10%, while CSL has turned in a flat result.

Foolish takeaway

Identifying investment themes can be a great way to find stocks which will outperform the market. The theme of the Australian dollar weakening and potentially returning to its long-run historical average is a theme that could be well worth pursuing.

In the market for high yielding ASX shares? Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

Motley Fool contributor Tim McArthur owns shares in QBE Insurance.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.