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The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.In some areas of Europe and in the retail market in the United Kingdom, EUR and GBP are reversed so that GBP is quoted as the fixed currency to the euro.The authors suggest a new hybrid neural network which is a combination of the standard RBF neural network, a genetic algorithm, and a moving average.

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Any company operating globally must deal in foreign currencies.

It has to pay suppliers in other countries with a currency different from its home country’s currency.

In order to determine which is the fixed currency when neither currency is on the above list (i.e.

both are "other"), market convention is to use the fixed currency which gives an exchange rate greater than 1.000.

You can convert currencies and precious metals with this currency calculator.

Last modified 26-Jul-2020 03:15