cross rate
- The price at which one currency can be exchanged for a different one in the context of a separate country's market, outside of the countries where the two currencies originated
- When trading commodities internationally, the firm needed to keep track of the cross rate between the US dollar and British pound.
- To manage their global investments, the investment bank calculated the cross rate between the Canadian dollar and Japanese yen.
- Studying economics, the students looked at the historical cross rate between the Euro and Australian dollar.
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