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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.
Even if a company expects to be paid in its own currency, it must assess the risk that the buyer may not be able to pay the full amount due to currency fluctuations.
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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.
They also incorporate genetic algorithm as an optimizing technique for adapting parameters of ANN which is then compared with standard backpropagation and backpropagation combined with K-means clustering algorithm.
Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. The spot exchange rate refers to the current exchange rate.
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.
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