If the contract currency is US dollars, the currency of payment is Russian rubles, the payment is made in Russian rubles in accordance with the
cross rate calculated on the basis of the Russian ruble and US dollar rates set by the Transnistrian Republican bank on the day of the payment.
But my research shows that it would likely continue to ignore the trade-weighted exchange rate and target a strong RMB-dollar
cross rate for good reasons.
Meanwhile, the won-yen
cross rate stood at 929.22 as of 10:24 am (Yonhap)
By buying euros through the dollar market or
cross rate we would cause the euro's price to rise in this market, whereas the act of selling it through the direct quote would cause its price to fall.
That would be consistent with a euro-dollar
cross rate of over $1.60," Credit Suisse said.
2) Combined with results that show that the AU/US exchange rate responds by very little to New Zealand news, the results suggest that the low variation in the New Zealand--Australia
cross rate is because both currencies respond in a similar fashion to Australian (but not New Zealand) macroeconomic data.
"Congress opens probe into Anthem Blue
Cross rate increases," The Los Angeles Times, February 10, 2010 http://www.latimes.com/business/la-fi-anthem10-2010feb10,0,2234973.story
"I love my job as a postal clerk, but with the impending rate merger this gives me another avenue to look at hands-on training and experience that may result in a future request to
cross rate," said Larson.
An estimate of the proposed price in a currency other than the Belarusian ruble will be made by bringing this price to the value expressed in Belarusian rubles through the
cross rate of the National Bank of the Republic of Belarus on the date of the negotiations to reduce the price of the submitted bids.
The fall in the
cross rate reflects a combination of the AUD giving back ground and the NZD continuing to trend higher.
Summary: The contrasting data out from the Eurozone and UK continues to weigh on the Eur/Gbp
cross rate with the market now approaching a retest of the 2009 lows...
However, we do not see and real potential for the
cross rate to sustain itself below 2, and with the latest pullback stalling out by the 78.6% fib retracement off of the 1.9700-2.0600 move, this sets up a very playable and compelling counter-trend opportunity.
