What is direct /cross rate of exchnge
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These two terms are related to Forex market.
Direct rate of exchange is referring to the fixed unit of a foreign currency in respect to variable amount of domestic currency.
Whereas, in case of cross exchange, the two currencies, which are refereed are both foreign currencies and on which the exchange rate is given.
Like if you talk about the INR and USD pair then its direct exchange and when you take the USD and EURO then it’s considered as the cross exchange.
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