TheBull.Asia

Thursday 27

June, 2019 4:16 AM


The Quotes are Powered By Investing.com, the Forex, Futures, and Stock Markets Portal.
Industry Chart

Cross Currencies

foto
What does it mean?

A pair of currencies traded that does not include the US dollar. One foreign currency is traded for another without having to first exchange the currencies into US dollars.
.


foto
TheBull says...

The five “major” currencies are the US Dollar (USD), the Euro (EUR), the Swiss Franc (CHF), the British Pound (GBP) and the Japanese Yen (JPY). These currencies are usually quoted in terms of the base currency USD, such as USDEUR.

When these currencies are quoted in terms of each other rather than the USD, such as EUR/JPY (or EURJPY), it’s called a “cross” rate. Cross currencies are less liquid and therefore usually attract a higher spread than the “majors”.
.


RELATED TERMS


AUSTRALIAN STOCK QUOTE

Don't know the company code? Click here



Live Forex Prices

PLEASE SUPPORT OUR SPONSORS, ASIA'S LEADING BROKERS:



© Copyright The Bull. All rights reserved.