- Cross Rate
- The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.S. dollar, regardless of which country the quote is provided in.
For example, if an exchange rate between the Euro and the Japanese Yen was quoted in an American newspaper, this would be considered a cross rate in this context, because neither the euro or the yen is the standard currency of the U.S. However, if the exchange rate between the euro and the U.S. dollar were quoted in that same newspaper, it would not be considered a cross rate because the quote involves the U.S. official currency.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
cross-rate — UK US noun [C] ► FINANCE the rate at which currency from one country can be exchanged for currency from another country, that is calculated by comparing the value of each to the value of the currency of a third country, especially the US dollar:… … Financial and business terms
cross rate — The exchange rate between two currencies, in which the home country s currency is not included. In the U.S., the euro/yen rate would be considered a cross rate, while in Europe or Japan it would be considered a primary pair. Chicago Mercantile… … Financial and business terms
Cross Rate — Unter einer Cross Rate (zu deutsch Kreuzkurs, manchmal auch falsch als Kreuzrate od. Crosskurs übersetzt) versteht man den errechneten Wechselkurs zwischen zwei Währungen, der sich aus der Verkettung zweier anderer Wechselkursrelationen ergibt.… … Deutsch Wikipedia
cross rate — noun Etymology: cross (III) : the rate of exchange of two foreign currencies based on their quotation in a third market the sterling dollar cross rate in francs in Paris … Useful english dictionary
cross rate — anharmoniškumo santykis statusas T sritis fizika atitikmenys: angl. anharmonic ratio; cross rate; double ratio vok. Doppelverhältnis, n rus. ангармоническое отношение, n; двойное отношение, n; сложное отношение, n pranc. rapport anharmonique, m … Fizikos terminų žodynas
Cross-rate — Crọss rate [...reɪt], die; [engl., zu: rate = ↑Satz (5), Tarif] (Bankw., Wirtsch.): Mittel zur Feststellung des echten Wertes einer Währung im Vergleich zur amtlich festgesetzten Parität unter Bezug auf den Dollarkurs … Universal-Lexikon
cross rate — An exchange rate between two currencies based upon the rate of each of them with a third currency, often the US dollar … Accounting dictionary
cross-rate — Econ the rate of exchange between two currencies expressed in terms of the rate of exchange between them and a third currency, for example, sterling and the peso in relation to the dollar … The ultimate business dictionary
Cross- rate — An exchange rate calculated from two other bilateral exchange rates, i.e., two different currencies compared to the same third currency … International financial encyclopaedia
Cross rate — An exchange rate between two foreign currencies. As such it is the ratio between the exchange rates of two foreign currencies in terms of a third currency … International financial encyclopaedia