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.The real exchange rate (RER) is the purchasing power of a currency relative to another at current exchange rates and prices.
There are some exceptions to this rule: for example, the Japanese often quote their currency as the base to other currencies.
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.
The home country is where a company is headquartered.
The firm is likely to be paid or have profits in a different currency and will want to exchange it for its home currency.