An exchange rate between two currencies computed by reference to a third currency, usually the US dollar.
- For example, most people in Hong Kong, and now in China, can reel off with considerable ease the best deposit accounts, currency cross-rates, and even share prices of popular companies.
- He says the bank is worried about inflation, but must also watch the climbing dollar, especially the cross-rate against the Australian.
- He said modelling had looked at factors such as revenue growth, yield and margins in a range of different scenarios in foreign exchange cross-rates, fuel price and demand.
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