Definitions for "Cross-Rate" Add To Word List
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The exchange rate involved in a cross deal. Quite often, the rate is derived from exchanging one currency for the US Dollar and then exchanging US Dollars for the second currency.
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Cross-rate is the exchange rate of two currencies both the two different from US dollar.
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An exchange rate between two currencies, usually constructed from the individual exchange rates of the two currencies, measured against the United States dollar.
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The exchange rate between 2 currencies where neither of the currencies are USD.
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The exchange rate between two currencies.
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In foreign exchange, the price of one currency in terms of another currency in the market of a third country. For example, a London dollar cross-rate could be the price of one U.S. dollar in terms of deutsche marks on the London market.
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