indirect quote

For foreign exchange, the number of units of a foreign currency needed to buy one U.S. dollar. Bloomberg Financial Dictionary
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An indirect quote in the foreign currency market is where the quote is expressed in terms of US$1, with the other currency amount varying. For example, the US dollar/French franc quote is indirect. This means that the quote will give the number of francs which $1 will buy or the number of French francs required to buy $1. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

Look at other dictionaries:

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