Definition of Cross exchange rate?
It%26#039;s simple - when you have rates for two currencies (for euro and british pound for ex.) denominated in one other currency (for example in dollars - EUR/USD and GBP/USD) you can calculate Cross exchange rate for these two currencies (EUR/GBP).
For example if you have rate for EUR/USD 1,5:1
and GBP/USD 2:1
you can calculate cross-exchange rate for Euro denominated in british pounds EUR/GBP 0,75:1
No comments:
Post a Comment