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8 May 2006 - 12 Aug 2011
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Cross rates
The Swedish banks daily calculate a fixing rate at 9.30 a.m. according to the formula: (bid+asked) / 2. At 10.05 a.m. Stockholm Stock Exchange sets a joint MID-PRICE by calculating the aggregate of the banks' fixing rates.

On the basis of the MID-PRICE it is possible to calculate exchange rates against other currencies, what is known as cross rates.


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