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.

Mentioned in ?

References in periodicals archive ?

BSE has received SEBI approval for introducing cross currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY).

India : BSE to launch cross currency derivatives and cross INR options with effect from 27th February 2018

Summary: Mumbai (Maharashtra) [India], Feb 21 (ANI): The Bombay Stock Exchange (BSE) on Wednesday received the approval from Securities and Exchange Board of India (SEBI) for introducing cross currency derivatives (future and options) on pairs such as Euro (EUR) - US Dollar (USD), Pound Sterling (GBP) - USD and USD - Japanese Yen (JPY).

BSE to launch cross currency derivatives and cross INR options

The unique Renminbi (RMB) clearing solution for RMB-focused products like USD/CNH2 Cross Currency Swaps and CNY3 7-day Repo Non-Deliverable Swaps offered by OTC Clear is one of the key drivers for major market makers like BNP to join and make use of our service.

BNP joins OTC Clear

Ijlal explained the working of Hedging Product Confirmations namely those relating to Islamic Profit Rate Swaps, Islamic Cross Currency Swaps and Islamic FX Forwards, which are required to mitigate currency or rate of return mismatch risk.

IIFM conducts workshop on its published standards in London

M2 EQUITYBITES-November 26, 2015-CLS and Markit launches new FX settlement service for cross currency swaps

CLS and Markit launches new FX settlement service for cross currency swaps

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.

Dubai Gold & Commodities Exchange's January volumes up 22%

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.

Corcentric's Announces Powerful New Multi-Currency Functionality for Pinnacle Fleet Solutions Participants

dollar and middle rates of the cross currency quotes at noon.

India : RBI reference rates for US dollar and euro

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.

Analysts see Infosys Tech overcoming Euro crisis & lull in software upgrade market to post 5% Q1 growth

The airline also saw a high negative change in the fair value of cross currency interest rate swaps.

Air Berlin reports EUR75m net loss for 2008

Connacher Oil Closes Cross Currency Asset Swap

This platform also helps clients to convert an existing manual process into an end to end STP solution for cross currency payments.

deutsche bank launches global cash payment system to meet clients' fx and cash management needs

Full browser ?

CITE

Site: Follow: Share:

Open / Close