Central to successful ultra high net worth wealth management is a cool-headed and controlled approach to maintaining currency exposure and not falling foul of the temptations, as Margaret Thatcher noted, of treating exchange rates as a virility symbol.

What continues to anchor our Australian dollar has been grossly misunderstood by institutional experts. Unsurprisingly, their explanations have failed to make sense of why our dollar versus the greenback and other leading currencies has continued to fall below the 69¢ bottom range floor.