Foreign Exchange: Cross Spot Rates
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Foreign Exchange: Cross Spot Rates

Intuition Publishing Pty Ltd
Updated Sep 24, 2020

The reserve currency of the world is USD, which means that the majority of trading in foreign exchange includes USD against other currencies. There are currency pairs that do not include USD and these have become known as cross rates. We discover how cross rates can be established using two currency pairs each having USD as the base or quoted currency.

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