Glossary

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Cross rate
This pair is a currency rate that does not include the dollar. So EUR/CHF (euro/franc) and GBP/JPY (pound sterling/yen) are considered to be cross-rates. Calculating the cross rate of a pair, for example EUR / CHF, we should bring both to a common currency, the dollar. First, we look at what the rate is for the pair EUR / USD, and the pair CHF / USD. Now we divide one by the other and get the rate for EUR / CHF.

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