cross rate
cross rate definition - business
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.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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