What is a cross rate exchange?
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?
How do I find a cross rate on a foreign exchange quote?
Hello there, I'm curious about finding cross rates on foreign exchange quotes. Can you explain to me, step by step, how I can go about doing that? I'm not too familiar with the process and would appreciate a clear and concise explanation. Also, are there any specific tools or resources that you recommend for finding cross rates? Thank you in advance for your help.
What is the cross rate from USD to JPY?
Could you please elaborate on the concept of a cross rate, specifically in the context of converting USD to JPY? How does one determine the exchange rate between these two currencies, and what factors might influence its fluctuations? Additionally, are there any tools or resources that traders or investors commonly use to stay informed about the latest cross rates?