cross-ratenoun [ C ]
ukusFINANCE the rate at which currency from one country can be exchanged for currency from another country, that is calculated by comparing the value of each to the value of the currency of a third country, especially the US dollar:
In US markets, a yen/euro rate would be a cross-rate, but in Tokyo or Frankfurt, it would be one of the primary currency relationships traded.
This table shows live FX cross-rate quotes in a customizable grid.