Cross Rate
Video:
The speaker discusses the concept of cross rates in the forex market. He suggests that a cross rate is needed in a currency pair which does not include the US dollar. Since US dollars are the main currency in the forex market, mo
Video:
The speaker discusses the cross exchange rate and explains how to calculate the rate given a few variable. He also discusses how to read the bid and ask given a quote.
The cross rate is the currency exchange rate between two currencies, where neither of the currencies are of the country in which the exchange rate is given. An example of a cross rate would be the exchange rate of the U.S. Dollar and Euro, quoted in a finance journal from Canada.
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