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.
If you ignore the earth's orbit around the sun, the moon takes 27.32 days to go 360 degrees around us. In other words, the time it takes to cover 360 degrees of the celestial sphere. But since we orbit the sun, the moon has to travel farther than 360 degrees to reach the same point, with respect to the earth and sun. (It's about an extra 28 degrees). Since we notice phases much more than what stars we see the moon against, the phase cycle of 29.5 days is the one most commonly used.