cross currency
Definition
Trading foreign currencies without first converting one or the other into U.S. currency. In the past, anyone interested in trading foreign currency would first have to convert the currency into U.S. dollars before the money could be converted into the desired currency.
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Why Cross Currencies are AttractiveCross currencies are attractive because they represent currency pairs from culturally and economically similar countries; imbalances between these currencies therefore often return to equilibrium. It ... Read more
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