What is cross rate?Cross Rate
A third exchange rate worked out from two others, such as EUR/JPY = EUR/USD × USD/JPY.
Learn “cross rate” in an animated lesson
- Arbitrage StrategiesTriangular Arbitrage
Three currencies (dollar, euro, yen) and three exchange rates. If the third rate doesn't line up with the other two, going once around the triangle leaves you with extra money.
- Forex BasicsMajors, Crosses and Pip Value
How many dollars is a pip on USD/JPY worth? Where does the EUR/JPY rate come from? Learn to convert any pair's pip value into dollars.
Related terms
See how “cross rate” works for yourself with an animation you can drag and play.
Go to “Triangular Arbitrage”