FX · FX specialist topics · lesson 6 of 9 · 8 min read · David Alexander
How a cross is really priced
cross rate
A rate between two currencies where neither is the US dollar. Most crosses are still assembled from their two dollar legs rather than quoted independently, which means the cross inherits the spread of both legs and the liquidity of the thinner one.
This lesson is part of the advanced modules.
Modules 6 to 8 are included with a paid account. The definitional summary above is the whole of this page until then.