Myriada & EMFX Delegates Predict Renminbi Flotation Date
22nd May 2014
The expert audience at EMFX were asked three questions using Myriada’s technology:
- When will the NDF mandate come into effect?
- When will the Chinese Renminbi become a 100% free-floating currency?
- What will the USD/INR exchange rate be on August 20th 2014?
Myriada’s collective forecasting technology processed these individual results into a collective forecast. You can see the results graphed below.
Click each graph for a closer look.
The EMFX Summit, led by Level39 mentor Jon Vollemaere, is a leading foreign exchange trading forum. The audience comprised of expert traders, analysts, hedge-fund managers and investors. Level39 member Myriada saw this as an opportunity to tap into the collected wisdom in the room.
Myriada’s CEO, Arjun Hassard took part in a panel during the EMFX summit. During his speaking engagement Arjun commented that, “something that we are championing is human predictive intelligence. The ability to predict other humans is a uniquely human ability.”
In the age of algorithmic predictive trading, Arjun and the Myriada team are keen to preserve the uniquely ‘human’ quality of wisdom.