Home > Term: cross rate
cross rate
An exchange rate between two currencies arrived at by dividing each currency's exchange rate by a third rate. For example, the two rates CHF/USD 1.4500 and EUR/USD 0.7600 result in a cross rate of 1.5132 for the CHF/EUR pair.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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