A Forward Exchange Contract is an agreement between you and the Bank, in which the Bank agrees to Buy or Sell foreign currency to you on a fixed future date, or during a period expiring on a fixed future date, at a fixed rate of exchange. Forward Exchange Contract is a contract between St.George Bank Ltd and you where the Bank agrees to BUY from you, or SELL to you, foreign currency on a fixed future date, at a fixed rate of exchange.
The 'dark' side of the moon. The moon orbits the Earth once every 27.322 days. It also takes approximately 27 days for the moon to rotate once on its axis. As a result, the moon does not seem to be spinning but appears to observers from Earth to be keeping almost perfectly still.Scientists call this sychronous rotation.he 'dark' side of the moon. The moon orbits the Earth once every 27.322 days. It also takes approximately 27 days for the moon to rotate once on its axis. As a result, the moon does not seem to be spinning but appears to observers from Earth to be keeping almost perfectly still.
The difference between the time it takes for Earth to complete one orbit around the Sun relative to a remote star and the Sun is only about 20 minutes so we'll just take it as 365.25 days. So during a year, the Moon orbits the Earth 13.4 times relative to a remote star and 12.4 times relative to the Earth. Chinese lunar calendar is based on the motion of the moon relative to the Earth - and there are 12 or 13 months in a year here.