For example, in the U.S., a direct quote for the Canadian dollar would be US$0.85 = C$1. Conversely, in Canada, a direct quote for U.S. dollars would be C$1.17 = US$1.
Investment dictionary. Academic. 2012.
direct quote — For foreign exchange, the number of US dollars needed to buy one unit of a foreign currency. Bloomberg Financial Dictionary A direct quote arises in the foreign currency markets where the variable currency is the US dollar and the other currency… … Financial and business terms
direct quote — reciprocal exchange rate An exchange rate expressed in terms of the number of units of domestic currency corresponding to one unit of the foreign currency. In EU countries, for example, a direct quote for the US dollar might be €0. 63. Compare… … Big dictionary of business and management
Direct quote — For foreign exchange, the number of U.S. dollars needed to buy one unit of a foreign currency. The New York Times Financial Glossary … Financial and business terms
quote — {{Roman}}I.{{/Roman}} noun 1 words taken from a book, etc. ADJECTIVE ▪ famous, memorable, quotable ▪ direct, exact, verbatim ▪ a direct quote from this morning s paper … Collocations dictionary
Quote Currency — The second currency quoted in a currency pair in forex. In a direct quote, the quote currency is the foreign currency. In an indirect quote, the quote currency is the domestic currency. Also known as the secondary currency or counter currency .… … Investment dictionary
direct — di|rect1 W1S2 [dıˈrekt, ˌdaıˈrekt] adj ▬▬▬▬▬▬▬ 1¦(without involving others)¦ 2¦(from one place to another)¦ 3¦(exact)¦ 4¦(behaviour/attitude)¦ 5 direct descendant 6 direct hit 7 direct heat/sunlight ▬▬▬▬▬▬▬ [Date: 1300 1400; : Latin; Origin:… … Dictionary of contemporary English
direct — 1 /di rekt, daI rekt/ adjective 1 WITHOUT ANYTHING BETWEEN done without any other people, actions, processes etc coming between: Can we have direct access to the information on file? | She has direct control over the business. | I m not in direct … Longman dictionary of contemporary English
direct — di|rect1 [ dı rekt, daı rekt ] adjective *** ▸ 1 not involving others ▸ 2 going straight to place ▸ 3 clear and honest ▸ 4 exact ▸ 5 with full force ▸ 6 related through parents 1. ) usually before noun involving only the two people or things… … Usage of the words and phrases in modern English
direct — I UK [dɪˈrekt] / US / UK [daɪˈrekt] / US adjective *** 1) going straight to a place and not stopping or changing direction on the way there direct flights from Scotland to North America There is a more direct route straight up the motorway. The… … English dictionary
direct */*/*/ — [daɪˈrekt] , [dɪˈrekt] adj I 1) going straight to a place without stopping or changing direction direct flights from Scotland to North America[/ex] 2) involving only the two people or things that are mentioned and with no one or nothing else… … Dictionary for writing and speaking English
