cross rate

Definition of "cross rate"
  1. 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
How to use "cross rate" in a sentence
  1. When trading commodities internationally, the firm needed to keep track of the cross rate between the US dollar and British pound.
  2. To manage their global investments, the investment bank calculated the cross rate between the Canadian dollar and Japanese yen.
  3. Studying economics, the students looked at the historical cross rate between the Euro and Australian dollar.

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