Report post

What is a cross rate exchange?

A cross rate can be any exchange of any two currencies that aren't the official currency of the country in which the quote is published. Any currency exchange in which neither of the currencies is the U.S. dollar is considered a cross rate in practice. One of the most common cross-currency pairs is the euro and the Japanese yen.

What is a cross rate?

A cross rate is a foreign currency exchange transaction between two currencies that are both valued against a third currency. The U.S. dollar (USD) is the currency that's usually used in foreign currency exchange markets to establish the values of the pair being exchanged. As the base currency, the U.S. dollar always has a value of one.

What is a cross rate in forex?

Foreign exchange (forex) traders use the term cross rate to refer to price quotes between currencies in which neither is the U.S. dollar. Most transactions on the forex are in major currency pairs.

The World's Leading Crypto Trading Platform

Get my welcome gifts