cross rate

Cross Rate

In foreign exchange, the exchange rate of currencies being traded in a country that does not utilize either of those currencies. For example, a trader in Britain dealing in Mexican pesos and euros will trade them at the cross rate. Less frequently, the cross rate refers to any exchange rate that does not involve the U.S. dollar. See also: Cross currency.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

cross rate

The rate at which two currencies exchange based on exchange rates using a third currency. For example, the cross rate of euros for yen might be based on the rate of euros for dollars and dollars for yen.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

cross rate

the EXCHANGE RATE between two foreign currencies derived from the exchange rate of each of these currencies in terms of a common third currency For example, the exchange rate between the UK pound and the Japanese Yen would be calculated by reference to the exchange rate of each of these currencies against, say, the US dollar.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
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.
The fall in the cross rate reflects a combination of the AUD giving back ground and the NZD continuing to trend higher.