If I buy a foreign listed OTC pink sheet for AUD, and sell the stock back to USD, assuming the USD weakens by the time I make the sale, would I make a profit?

Just curious! This has confused the heck out of me. Keep in mind, I'm an American, thus my currency is the American Dollar.

TL;DR: Say I buy an OTC pink sheet listed on the Australian Stock Exchange for $.50 AUD, and then the price of this stock jumps to $.53 AUD or so. Then when I want to sell the stock at around $.53 AUD or so, the US Dollar happens to weaken.

Would this mean that I'd make a profit from the weakening of the USD? I know I'd already make a $0.03 profit on each share however.

If you need me to elaborate, then I will definitely do that! Thank you!!

Submitted August 18, 2017 at 02:02AM by Little-Jellyfish http://ift.tt/2x9w3lW