We did a spreadsheet showing us how much our capital was worth at varying exchange rates against interest generated again at different rates. Long and short of this was we changed all our capital 6 months ago at 1.60 (managed to time it perfectly) and put it in a term deposit at 6%. As Jimand BarbinAus says its a non brainer! Even now you can still get 5.25% or more after 3 rate cuts! (ANZ progress Saver or term deposit)