What Are Historical Currency Exchange Rates? Historical currency exchange rates are foreign exchange rates which give traders a historical reference of how a currency pair has traded in the past. Historical exchange rates help many forex traders to discern the direction of a given currency pair. The reports also help governmental agencies and complete international reports. Understanding Historical Currency
What Is Future Value (FV)? Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value is important to investors and financial planners, as they use it to estimate how much an investment made today will be worth in the future. Knowing
What Is the Future Value of an Annuity? The future value of an annuity is the value of a group of recurring payments at a certain date in the future, assuming a particular rate of return, or discount rate. The higher the discount rate, the greater the annuity’s future value. As long as all of
What Is Fuzzy Logic? Fuzzy logic is an approach to variable processing that allows for multiple possible truth values to be processed through the same variable. Fuzzy logic attempts to solve problems with an open, imprecise spectrum of data and heuristics that makes it possible to obtain an array of accurate conclusions. Fuzzy logic is
What Is a Flight to Liquidity? A flight to liquidity happens when investors attempt to liquidate positions in inactive or illiquid assets and purchase positions in more liquid assets. A flight to liquidity can be either a cause or a result of market panic. A flight to liquidity is similar to a flight to quality
Float time refers to the amount of time between when an individual writes and submits a check as payment and when the individual’s bank receives the instruction to move funds from the account. Before the implementation of the Check Clearing for the 21st Century Act (Check 21), the average float time was two to four days.
What Is the Afghan Afghani (AFN)? The Afghan afghani (AFN) is the national currency of the Islamic Republic of Afghanistan. Its ISO 4217 code, AFN, was introduced in 2003 as part of efforts to stabilize the currency and reduce inflation. Prior to this change, it circulated under the symbol AFA. As of Sept. 1, 2022
What Is the Albanian Lek (ALL)? The term Albanian lek (ALL) refers to the national currency of the Republic of Albania. The currency is abbreviated as ALL and is represented in the foreign exchange market by the symbol L. The lek is issued and maintained by the country’s central bank. The plural of lek is
What Is the Netherlands Antilles Guilder (ANG)? The Netherlands Antilles guilder (ANG) is the currency of the Caribbean island countries Curaçao and Sint Maarten. Also abbreviated as NAƒ, the official exchange rate is 1.79 Netherlands Antilles guilders to the U.S. dollar. Curaçao and Sint Maarten are autonomous countries within the Kingdom of the Netherlands, and
What Is Angolan Novo Kwanza (AON)? The Angolan Novo Kwanza (AON) was the national currency of Angola between 1990 and 1995. It was replaced by the Kwanza reajustado (AOR) in 1995, due to severe and persistent inflation. The AON was only distributed using paper banknotes, primarily by simply modifying or reprinting the denominations of already-issued
