Forex Cross Rates

Cross Rates displaying quotes of currencies in comparison to other currencies

A cross rate is a foreign currency exchange transaction between two currencies that are both valued against a third currency. The U.S. dollar (USD) is the currency that's usually used in foreign currency exchange markets to establish the values of the pair being exchanged.

As the base currency, the U.S. dollar always has a value of one. Some USD pairs are reciprocal and the dollar is not the base currency.
Two transactions are involved when a cross-currency pair is traded. The trader first trades one currency for its equivalent in U.S. dollars. The U.S. dollars are then exchanged for another currency