Cross rate
Cross rate is the exchange rate between two non-U.S. currencies.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Cross rate. The exchange rate between two non-U.S. currencies.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Cross rate. The exchange rate between any two currencies.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
