answersLogoWhite

0


Best Answer

Cross rates refer to currency exchange rates between two currencies that are not the official currencies of the country in which the exchange rate quote is given. They are calculated by comparing each currency to a common third currency, typically the US dollar. For example, if you want to find the cross rate between the euro and the Japanese yen, you would first convert both to the US dollar and then divide one by the other.

User Avatar

AnswerBot

βˆ™ 6mo ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are cross rates and How are they determined?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is the price at which bonds sell determined by the interaction of stated rates of interest and market rates of interest?

Yes, the price at which bonds sell are determined by the interaction of stated rates of interest and market rates of interest.


Which of the rates is not determined by RBI?

reverse repo rate..


How are hour rates determined for lawyers?

Lawyers get 53.13 an hour.


How are the rates for property tax determined in Australia?

The land tax rates are determined by the local councils. All the councils have people who estimate the value of the land and they base taxes on that value. The tax rates may vary a lot per region.


How are electric rates determined?

Electric rates are determined by the individual electricity provider. Typically electric companies have different rates and the price is determined based on supply and demand. This means that prices can fluctuate frequently, usually upwards in price, so one should look in to locking in to a fixed price deal where possible.


Who or what determines the exchange rates in the foreign currency market?

Currently exchange rates are determined by laws of supply and demand.


How do you calculate nett unit rates?

you cross multiply!!


Do you think that credit card interest rates are better in the UK?

"Credit card interest rates in the United Kingdom are comparable to other G7 countries. The rate is determined by risk, and each risk is determined individually."


How is the winner determined in a race?

The first to cross the finish line


How are cross products and unit rates helpful in determining whether two ratios are equivalent?

If two ratios are equivalent then their cross-product must be 1, and their unit rates must be the same.


How The Lease Rates Are Determined?

The lease rates will depend on your credit history, the equipment cost and the term structure you want. Similarly, rates are fixed and also can be paid off at any time.


How can the unknown genotype of an individual with a dominate phenotype be determined?

A test cross.