Over the past two decades, exchange rates have exhibited
substantial short-term volatility. The amount traded exceeds a
trillion US dollars in transactions executed each day in the
foreign exchange market. At present, both translation and
conversion of foreign currency involve the use of exchange
rates. In this increasingly challenging and competitive market,
investors and traders need tools to analyze their data from the
vast amounts of data available to them to help them make good
decisions. This paper specifically describes a new and effective
approach to forecast the currency exchange rate between U.S.
and GB