Question Details

	Username: ForexGuy Rating: Asked to: Apinya Kamon Date Created: 29 May 2015
Category	17
Tag	Forex
Question	What is cross currency?

Advice from Guru

Hi ForexGuy,

Historically, an individual who wished to exchange a sum of money into a different currency would be required to first convert that money into U.S dollars, and then convert it into the desired currency; cross currencies help individuals and traders bypass this step. The GBP/JPY cross, for example, was invented to help individuals in England and Japan who wanted to convert their money directly without having to first convert it into U.S dollars.

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