The real exchange rate (RER) is the purchasing power of a currency relative to another at current exchange rates and prices.
It is the ratio of the number of units of a given country's currency necessary to buy a market basket of goods in the other country, after acquiring the other country's currency in the foreign exchange market, to the number of units of the given country's currency that would be necessary to buy that market basket directly in the given country.
This report provides exchange rate information under Section 613 of Public Law 87-195 dated September 4, 1961 ( (b)) which gives the Secretary of the Treasury sole authority to establish the exchange rates for all foreign currencies or credits reported by all agencies of the government. The rates provided in this report are not meant to be used by the general public for conducting foreign currency conversion transactions.
The primary purpose is to ensure that foreign currency reports prepared by agencies are consistent with regularly published Treasury foreign currency reports regarding amounts stated in foreign currency units and U. This paper deals with application of quantitative soft computing prediction models into financial area as reliable and accurate prediction models can be very helpful in management decision-making process.
This reduces rounding issues and the need to use excessive numbers of decimal places.
The participants include large banks, multinational corporations, governments, and speculators.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.The moving average is supposed to enhance the outputs of the network using the error part of the original neural network.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.