Cross-Currency Transaction

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Definition: Cross-Currency Transaction

Cross-Currency Transaction
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Full Definition of Cross-Currency Transaction

A currency trade consisting of the purchase of one type of currency and the sale of another through foreign exchange conversions. For example, Euros are used to purchase Hong Kong dollars which are then used to purchase Swiss Francs in a near instantaneous transaction. Such transactions are executed to capitalize on divergent currency rate movements.

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https://payrollheaven.com/define/cross-currency-transaction/
Modern Language Association (MLA):
Cross-Currency Transaction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/cross-currency-transaction/.
Chicago Manual of Style (CMS):
Cross-Currency Transaction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cross-currency-transaction/ (accessed: April 19, 2024).
American Psychological Association (APA):
Cross-Currency Transaction. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cross-currency-transaction/

Definition Sources

Definitions for Cross-Currency Transaction are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.