the australian exchange rate has taken its plunge to its lowest of below $1 against SGD. A lower exchange rate will have a postive appeal to the external economy. The country's assets will be more attractive as a smaller amount of money can buy a larger amount of goods. Hence, australia might want to depreciate its exchange rate to gain profits.

in addition, a lower interest rate will attract an inflow of hot money... increasing BOP surplus.

hahaa this is what i learnt in JC lol.

i was just telling my dad that i wan to study banking and finance. he told me to think twice. accounting is safer. the financial economy is taking a down turn at this present day. bankers are going out of jobs.