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.
Best Answer: 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. Re-worded it a little.ne solar day = 24 hours, and 29.53 solar days is the synodic month. You are correct in saying it takes 27.3 solar days for the moon to orbit the earth-that's the sidereal month. But in addition to the moon orbiting the earth, the earth-moon system is orbiting the sun. That's why the sidereal and synodic months differ.