Purpose - The purpose of this study is to demonstrate the power of Artificial Intelligence, specifically ANN, in forecasting exchange rates, and comparing the results to the statistical techniques' results. Design/methodology/approach - The purpose of this research is to compare between these two techniques, thus to find out which one is more accurate. Considering the fact that a slight difference among exchange rates influences business and trading, it is crucial to accurately predict exchange rates. The research will take the Euro Dollar exchange rate as a working example, although the ...