Cryptocurrency Q&A
What is a cross rate exchange?
What is a cross rate exchange?
Rosalia
Wed Jan 08 2025
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5 answers
1130
I'm trying to understand the concept of cross rate exchange. Could someone explain what it is and how it works in the foreign exchange market?
5 answers
Martino
Fri Jan 10 2025
A cross rate represents the exchange of two currencies that are not the official currency of the country where the exchange rate is quoted.
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lucas_emma_entrepreneur
Thu Jan 09 2025
This concept is essential in the global financial market as it allows for the comparison of different currencies without the need to convert them into a common base currency.
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ChristopherWilson
Thu Jan 09 2025
In practical terms, any currency exchange that does not involve the U.S. dollar is often referred to as a cross rate. This includes various pairs of currencies that are traded on the foreign exchange market.
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Dario
Thu Jan 09 2025
One of the most frequently traded cross-currency pairs is the euro and the Japanese yen. This pair is popular among traders due to the economic and political dynamics between the European Union and Japan.
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Chloe_carter_model
Thu Jan 09 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of digital asset traders. These services include spot trading, futures trading, and a secure wallet for storing cryptocurrencies.
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