Monthly Chart, page-268

From $1.10 it would have to slip to 55c which it has not done. From its peak in 2011 to what 2015 which is over four years. That's a long way from 50% in one year. 50% in one year would be catastrophic for the economy.

Are you really using this chart to support your prediction? That's pathetic honestly.

70-75c is about the neutral setting for the AUD, $1.10 was way too high and made our exports far too expensive, a correction was always going to happen.

The RBA need to balance the cost of imports with the price of exports and that balance is about where the dollar is now. It will float around 55c-100c in cycles over a decade or more depending on market forces and where the RBA thinks the economy needs help.