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Exchange Rates

The data model captures exchange rates' Buy Rate and Sell Rate for various currencies, providing insights through views like Exchange Rates, Exchange Rate Trends, Currency Comparison, Historical Exchange Rates, and Exchange Rate Forecast. It enables tracking, analysis, and prediction of currency fluctuations based on historical data and trends for informed decision-making in financial transactions.

Benefits of This Data Model​

  • Improved Financial Decision-Making: By providing insights into historical exchange rates, trends, currency comparisons, and forecasts, the data model supports informed decision-making in financial transactions.
  • Enhanced Currency Fluctuation Tracking: Enables tracking and analysis of currency fluctuations over time, allowing for a better understanding of market dynamics and potential risks or opportunities.
  • Predictive Analysis: Through the Exchange Rate Forecast view, the data model facilitates predictive analysis of future exchange rate movements based on historical data and trends, aiding in risk management strategies.
  • Efficient Market Monitoring: The model offers a comprehensive overview of daily exchange rates for multiple currencies in the Exchange Rates view, supporting real-time market monitoring and currency valuation assessments.
  • Historical Performance Analysis: Using the Historical Exchange Rates view, users can analyze past currency fluctuations to assess performance, identify patterns, and make strategic decisions for future transactions.

Key Performance Indicators (KPIs)​

  • Buy Rate: The exchange rate at which a financial institution is willing to purchase a foreign currency from customers.
  • Sell Rate: The exchange rate at which a financial institution is willing to sell a foreign currency to customers.

Available Visualizations​

View NameDescription
Exchange RatesProvides daily exchange rates data for multiple currencies.
Exchange Rate TrendsDisplays trends in exchange rates over a specified time period.
Currency ComparisonCompares the exchange rates of different currencies for analysis and decision-making.
Historical Exchange RatesShows historical exchange rates to track and analyze past currency fluctuations.
Exchange Rate ForecastPredicts future exchange rate movements based on historical data and trends.