There are many different factors that can affect share prices. The local and global economy can affect prices. Interest rates can affect prices. Fear can affect prices.
Exchange rates can also have an effect on share prices, particularly ones that earn most of their revenue or report in foreign currencies.
The rising Australian dollar has caused some ASX-listed share prices to decrease to attractive values.
Here are three of my favourites at the current prices:
Nanosonics Ltd. (ASX: NAN)
Nanosonics has seen its share price fall from $3.35 in May to today's $2.29. This business has created the latest in disinfectant standards for ultrasound probes.
It has been increasing its presence, reaching more medical centres in America and Europe, with much more potential growth to come.
Nanosonics is currently trading at 37x FY19's estimated earnings and doesn't yet pay a dividend.
Altium Limited (ASX: ALU)
Altium is one of the most exciting companies on the ASX worth over a billion dollars, in my opinion.
It is the creator of electronic PCB design software which is used by organisations like NASA, John Deere and Cochlear Limited (ASX: COH).
The rising Aussie dollar has seen Altium's share price fall to today's $8.40, I think this is an attractive price. It's currently trading at 19x FY19's estimated earnings with an unfranked dividend yield of 2.5%.
The healthcare giant has been one of the best blue chips over the past decade. I don't think its long-term growth success is going to stop any time soon with how much the business is ploughing into research and development for future treatments.
The share price has dropped from its all-time high of $143.33 to today's $126.79. It's currently trading at 25x FY18's estimated earnings with an unfranked dividend yield of 1.36%.
Foolish takeaway
Currency movements can create interesting opportunities on the stock market for investors to take advantage of.
At the current levels, I think Altium would be the best buy as it is expected to ramp up earnings over the next few years.
