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.
As the Sun sets, the Moon rises with the side that faces Earth fully exposed to sunlight (5).The Moon has phases because it orbits Earth, which causes the portion we see illuminated to change. The Moon takes 27.3 days to orbit Earth, but the lunar phase cycle (from new Moon to new Moon) is 29.5 days. The Moon spends the extra 2.2 days catching up because Earth travels about 45 million miles around the Sun during the time the Moon completes one orbit around Earth. At the new Moon phase, the Moon is so close to the Sun in the sky that none of the side facing Earth is illuminated (position 1 in illustration). In other words, the Moon is between Earth and Sun. At first quarter, the half-lit Moon is highest in the sky at sunset, then sets about six hours later (3).