"So why do you think it's better to have a lower currency."...

"So why do you think it's better to have a lower currency."

thats pretty basic finance macro there - Aussie balance of payments are helped by a lower Aussie dollar exporters miners and agriculture (we dont have a manufacturing industry any more ) are more competitive ( imports dearer of course ) Helps the tourism industry - its dearer to travel overseas so more Aussie holiday at home but makes inbound tourism more atractive for verseas tourists to come here they get more bank for there buck.

I went to america early last year and it was almost parity AUD / AUD the holiday would be 40% more expensive if I went today.

Obviously for BRU the oil price has not dropped as much in AUD dollars received selling product in USD