Business Studies, asked by abhi9399, 1 year ago

cross rate क्या है ​


wardahd1234: ok
vishnupriya05: abe ya to piri hindi bol ya english

Answers

Answered by arghajitsaha8
1
Cross rate- An exchange rate between two currencies computed by reference to a third currency, usually the US dollar is known as cross rate.

For e.g-When the bid price for EUR-GBP is 1.2440, and the bid price for USD-GBP is 1.8146, to get the cross rate we simply multiply with our cross rate calculator, the EUR-USD rate and the USD- GBP rate, that is, 1/1.2440*1.8146=1.4587

HOPE SO IT HELPED YOU...... :)

abhi9399: Example of coss rate
abhi9399: example of cross rate
arghajitsaha8: For e.g- When the bid price for EUR-GBP is 1.2440, and the bid price for USD-GBP is 1.8146, to get the cross rate we simply multiply with our cross rate calculator, the EUR-USD rate and the USD- GBP rate, that is, 1/1.2440*1.8146=1.4587
abhi9399: thanks
arghajitsaha8: mention not :)
Answered by muskanbhagat44
1
An exchange rate between two currencies computed by reference to a third currencies, usually the US dollar is known as cross rate.

hope it helps you
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