Cross rate
The price of a currency pair for which direct quotes are not available, derived by crossing the prices of the underlying pairs — such as EURINR from EURUSD and USDINR.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series I← All terms