Exchange Currency

cross-currency transaction

A currency trade consisting of the purchase of one type of currency and the sale of another through foreign exchange conversions. For example, Euros are used to purchase Hong Kong dollars which are then used to purchase Swiss Francs in a near instantaneous transaction. Such transactions are executed to capitalize on divergent currency rate movements.

Related information about cross-currency transaction:
  1. Cross-Currency Transaction Definition | Investopedia
    A cross-currency transaction is one which involves the simultaneous buying and selling of two or more currencies. An example is the purchase of Canadian ...
     
  2. Cross-Currency Settlement Risk Definition | Investopedia
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  4. What is cross-currency transaction? definition and meaning
    Definition of cross-currency transaction: A currency trade consisting of the purchase of one type of currency and the sale of another through foreign exchange ...
     
  5. user's guide to documenting non-deliverable cross currency fx and ...
    May 31, 2011 ... Reference Currency should be incorporated into the documentation for a cross currency transaction. In addition, the Cross Currency Template ...
     
  6. Banking Back-Office Processing Financial Transactions Reference ...
    The Exchange Rate Group and the Cross Currency Transaction ... If you enter a cross currency transaction that involves one foreign currency only, the system ...
     
  7. cross-rate - Invest Definition
    cross-rate definition: The exchange rate for a non-U.S. currency expressed in terms of another non-US currency....
     
  8. The spillover of money market turbulence to FX swap and cross ...
    Downloadable! We analyse the spillover of the turmoil in money markets in the second half of 2007 to FX swap and long-term cross-currency basis swap ...