Indirect Quote

This is a system of currency price quotation where the quote is expressed in terms of how many units of a foreign currency will be used to purchase a unit of the local currency. In other words, the indirect quote will depend on the country is used as the reference point. If the trader is in Canada and wants to express the USD/CAD currency quote in an indirect manner, that quote will be expressed as units of USD required to buy 1 CAD e.g. 1.0078 USD = 1 CAD

By |2018-09-04T14:31:00+00:00September 4th, 2018|0 Comments

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