The economics behind the exchange rate changes and its relationship to the current account deficit is one that can be mind-bogging if not well presented. It only takes an expert to break it down in a simple language that any person who understands English should be able to understand it.
CBK has made the effort of explaining it in the best words that I could have explained the same in and in the simplest form. Remember, at CBK is where we find the experts in these matters; and an expert view is always the best.
Courtesy of CBK.