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The months of the Tamil calendar. The Tamil calendar (தமிழ் நாட்காட்டி) is a sidereal solar calendar used by the Tamil people of the Indian subcontinent. [1] [2] It is also used in Puducherry, and by the Tamil population in Sri Lanka, Malaysia, Singapore, Myanmar and Mauritius.
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency.
One defines "target month" to lie x months forward from spot if time to expiry is x months; e.g., if in February, and the time to expiry is three months, the target month is May. If the spot date falls on the last business day of the month in the currency pair then the delivery date is defined by convention to be the last business day of the ...
For example, to calculate the 6-month forward premium or discount for the euro versus the dollar deliverable in 30 days, given a spot rate quote of $1.2238/€ and a 6-month forward rate quote of $1.2260/€: = = = %
'new year'), also known as Tamil New Year, is the first day of year on the Tamil calendar that is traditionally celebrated as a festival by Tamils. The festival date is set with the solar cycle of the solar Hindu calendar, as the first day of the month of Chittirai. It falls on or about 14 April every year on the Gregorian calendar. [1]
The Euribor (before known as an acronym but most recently known as a standalone word) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (before only in the interbank market).
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Unlike the Gregorian calendar which adds additional days to the month to adjust for the mismatch between twelve lunar cycles (354 lunar days) [5] and approximately 365 solar days, the Hindu calendar maintains the integrity of the lunar month, but inserts an extra full month, once every 32–33 months, to ensure that the festivals and crop ...