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Cross Rate
Exchange rate between two currencies computed by reference to a third currency, typically the US dollar.
Spot Market
A public market for trading financial instruments or commodities that are delivered immediately.
Trade Settled
The completion of a securities transaction when the seller delivers the security to the buyer and receives payment in return.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, to assess relative currency value.
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