Fall of Australian Dollar Exchange Rate vs Sing dollar

Good grief. The Australian Dollar has fallen to $1.15 against the Singapore dollar - a level not seen since 2004. 4 months ago, it was at $1.35.

That means if every AUD$100 you swap for Singapore cash - you get S$115.

Four factors I guess:

1. The Australian Economy is heading toward recession
2. No one trust the Labor Govt to do the right thing, fiscally.
3. Anticipation of a commodity slow down.
4. Lowering of the AUD interest rates.

The first and last factor was probably the clincher.

AUD interest rates.