Bridge currency
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Foreign exchange transactions.
A bridge currency is a currency that is used as an intermediate step in an exchange between two currencies for which:
- There is no foreign exchange rate readily available; or
- The foreign exchange rate is unfavourable.
The United States dollar (USD) is often used as a bridge currency.
See also
- Base currency
- Bridge Bank
- Bridge facility
- Bridge financing
- Bridge to bond
- Bridging loan
- Cross currency deal
- Cross rates
- Currency
- Dollar
- Exchange rate
- Fixed currency
- Foreign currency
- Foreign currency exchange rate
- Foreign exchange
- Quoted currency
- Reference currency
- Reserve currency
- Terms currency
- Transaction
- Underlying currency
- USD
- Variable currency
