What is a unitary oligarchy?

What is a unitary oligarchy?

oligarchy. a political system governed by a few people. unitary. having the indivisible character of a unit. federal government.

Will AUD Go Up in 2020?

AUD/USD forecast NAB predicts that the AUD/USD price will be trending broadly upwards from throughout 2019 and 2020, to around 0.75 by the end of 2019, and 0.79 at the end of 2020. Westpac is less optimistic, forecasting a small decline through 2019, to 0.68 in December 2019, and 0.70 by December 2020.

Why was the Australian dollar so strong in 2012?

It was driven by Australia’s fiscal position, a proactive central bank and by relatively high interest rates; finally it was driven by the financial crises that gripped the US in 2008 and beyond, and continues to wreak havoc across Europe right now.

Why was AUD so high in 2011?

Over the past decade, the Australian dollar (AUD) has appreciated strongly against the US dollar (USD), rising from less than US $0.50 in 2001 to a peak of over US $1.10 in 2011. While the rise can be attributed to a number of factors, the mining boom has been the key driver of the appreciation over this period.

What does an increase in the TWI mean?

A trade weighted index is used to measure the effective value of an exchange rate against a basket of currencies. But, if the trade weighted Sterling index increases, this shows the Pound is getting stronger against its main trading partners.

Is a high Australian dollar good or bad?

Basically, a rising Australian dollar is a sign of a strengthening economy. There is a point, however, where the value of the Aussie dollar begins to put the brakes on economic growth. We’re just about at that point now, and if it goes much higher it will become a serious threat to the recovery.

What are the disadvantages and dangers of a strong Aussie dollar?

A higher Aussie dollar can make exports more expensive and can drive overseas buyers to import from other countries with a lower exchange rate. Iron ore and coal are our top two exports and a high exchange would negatively impact these industries and our economy.