quote currency

What Is Direct And Indirect Currency?

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What Is Direct And Indirect Currency? In a direct quote, the foreign currency is the base currency, whereas the domestic currency represents the counter currency. Conversely, in an indirect quote, the domestic currency is the base currency, whereas the foreign currency represents the counter currency. What are the direct currencies? In other words, a direct

What Is Foreign Exchange Quotation?

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What Is Foreign Exchange Quotation? A direct quote is a foreign exchange rate quoted in fixed units of foreign currency in variable amounts of the domestic currency. In other words, a direct currency quote asks what amount of domestic currency is needed to buy one unit of the foreign currency—most commonly the U.S. dollar (USD)