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How to Easily Calculate Cross Currency Rates 👍

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Calculating currency cross pair rates. http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What are cross pairs in forex? Calculating currency cross pair rates. A quick video on how to calculate the currency cross pair rate... Calculating foreign exchange cross-rates: What is a cross? Many years ago if you wanted to convert Pounds into Yen, you first needed to convert it into Dollars and then convert those dollars into Yen. However times have changed and nowadays we have the crosses which means that we can bypass that USD transaction. Crosses examples (common them is that there is no USD component): GBP/JPY EUR/JPY EUR/CHF EUR/GBP We have GBP and we want to convert them into JPY GBP/USD = 1.296 USD/JPY = 110.54 GBP/JPY = 1.296 x 110.54 = 143.26 So you can see how all this is interrelated and you can see how banks use arbitrage to maximise their profits. Check out our forex trading tutorials and strategies in the Forex playlist: https://www.youtube.com/playlist?list=PLnSelbHUB6GSkemabSElvunFNn0SoMUTF
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