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