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.

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.

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.
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.
Start Transaction Rate [poundssterling]100 1: sell [pounds sterling]s [pounds to get $s through the sterling]1 cross rate = $2 $200 2: sell $s to get [euro]s $1 = at the favourable rate for [euro]4 buying [euro]s [euro]800 3: sell [euro]s to get [pounds [pounds sterling]s at the sterling]1 favourable rate for = [euro]6 selling [euro]s Start Transaction Calculation [pounds 1: sell [pounds sterling]s [pounds sterling]100 to get $s through the sterling]100 x 2 cross rate $200 2: sell $s to get [euro]s $200 x 4 at the favourable rate for buying [euro]s [euro]800 3: sell [euro]s to get [euro]800[?
That would be consistent with a euro-dollar cross rate of over $1.
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.
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.
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.
EUR-JPY was showing the biggest percentage decline out of the main currency pairings and cross rates, of 0.
Pavan, who has 25 years of fixed income product experience, has most recently served as a managing director in Cross Rates Sales at Deutsche Bank (NYSE: DB) (DBK.
The Luca Cumani-trained Norway Cross rates the best bet of the afternoon at Windsor.