cross rate


The exchange rate between two currencies that are not the official currencies of the country that the exchange was quoted in. Cross rates usually do not involve the U.S. dollar. For example, an investor in the United States could get the cross rate of the Euro to the Canadian Dollar.

Use cross rate in a sentence

We studied the cross rate and decided which investment play made the most sense given the current global economic situation.

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My boss sent me to Tokyo to trade the Euro and the dollar there because we were able to get a higher cross rate between the two currencies there.

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cross purchase agreement rate differential swap