In this paper, new minimal configuration precision full-wave rectifier is presented. The structure employs one current and one voltage conveyor and only two diodes. It enables to process both low-voltage and low-current signals. Compared to the op amp based circuit, the proposed circuit is able to rectify signals up to 500kHz and beyond with no or small distortion. Experimental measurements are performed that show the feasibility of the new precision full-wave rectifier.