Cross Currency

Cross Currency

In foreign exchange, two currencies that are exchanged without first converting one or the other into United States dollars. At the end of World War II, most currencies were pegged to the dollar as the United States was the only major country to come out of the war with little damage. This meant that confidence in the dollar was strong, especially since it was also pegged to gold. Since then, currencies have begun to be traded without reference to the dollar; these are known as cross currencies. See also: Bretton Woods.
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ISDA) and the International Islamic Financial Market (IIFM) today announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As'aar Assarf (Islamic Cross Currency Swap) for use in Islamic hedging transactions.
ISDA) and the International Islamic Financial Market (IIFM) today announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As aar Assarf (Islamic Cross Currency Swap) for use in Islamic hedging transactions.
We have had a promising start to the year, particularly with the performance of some of the exchange's more recent contracts such as the two new pairs of Mini Indian Rupee Cross Currency Futures and MSCI Futures, Gaurang Desai, interim chief executive officer, DGCX.
Additional findings highlight trends related to cross currency payments and remittance preferences:
8220;Corcentric's automated cross currency application allows Pinnacle Fleet Solutions participants to make purchases on their existing Pinnacle account in other countries by having all their purchases processed in their currency of origin.
The Indian bank is to have access to a full suite of solutions to support its global cross-currency payable and receivable flows through Deutsche Bank's cross currency payment solution, FX4Cash.
dollar and middle rates of the cross currency quotes at noon.
But cross currency movements ( euro and British pound losing against the US dollar) might have hit its revenues by about two per cent, bringing down its topline growth to around three per cent," said Harit Shah, IT analyst at Karvy Stock Broking.
The airline also saw a high negative change in the fair value of cross currency interest rate swaps.
This platform also helps clients to convert an existing manual process into an end to end STP solution for cross currency payments.
NEW YORK, March 17 /PRNewswire/ -- Bloomberg, the leading global provider of business and financial news and data, today announced that it has been chosen as the fixing agent for Malaysian Cross Currency Basis Swaps.
Advantages from cross currency exchange rates may come and go but the effects in a given market cycle are very real and powerful.