Cross rate

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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.

Related lectures

Introduction to Financial Management.

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