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    Borrowing offshore at lower interest rates.

    Grossreal: If commodity prices crash with the result that the RBA will cut rates and cause the AUD to sink - how do you exit your position?
  2. B

    Borrowing offshore at lower interest rates.

    The Aussie dollar is at historic highs. While I am a bull on the next 18 months of the Aussie dollar I would be very hesitant to take a 5 year position. Thats a massive exposure when refinance time comes around Whats your exit strategy? How do you get out if the dollar starts to slide...
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