Direct Quote

This is a quote that expresses the exchange rate in terms of how much of the domestic currency or the currency under reference can purchase one unit of another currency. So instead of the conventional quote for Euro vs US Dollar being expressed in terms of the base currency (EURUSD = 0.9860), the direct quote is expressed in terms of the counter currency to the base currency.

By |2018-09-04T14:19:28+00:00September 4th, 2018|0 Comments

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