For example, in the U.S., an indirect quote for the Canadian dollar would be C$1.17 = US$1. Conversely, in Canada an indirect quote for U.S. dollars would be US$0.85 = C$1.
Investment dictionary. Academic. 2012.
indirect quote — For foreign exchange, the number of units of a foreign currency needed to buy one U.S. dollar. Bloomberg Financial Dictionary An indirect quote in the foreign currency market is where the quote is expressed in terms of US$1, with the other… … Financial and business terms
indirect quote — The expression of an exchange rate in terms of the number of units of a foreign currency corresponding to a single unit of the domestic currency. For example, in the UK an indirect quote for the dollar might be $1. 8 = £1. Compare direct quote … Big dictionary of business and management
Indirect quote — For foreign exchange, the number of units of a foreign currency needed to buy one U.S.$. The New York Times Financial Glossary … Financial and business terms
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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
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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
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