American Currency Quotation


DEFINITION of 'American Currency Quotation'

A direct quotation in the foreign exchange markets whereby the value of the American dollar is stated as a per-unit measure of a foreign currency. This type of quotation shows how much U.S. currency it takes to purchase one unit of foreign currency.

BREAKING DOWN 'American Currency Quotation'

For example, an American currency quote would be US$0.85 per C$1. This shows that it will take only 0.85 U.S. dollars to purchase a single unit of Canadian currency. If you wanted to purchase C$1,000, it would cost you US$850.

  1. Currency

    Currency is a generally accepted form of money, including coins ...
  2. Exchange Rate

    The price of a nation’s currency in terms of another currency. ...
  3. Indirect Quote

    A currency quotation in the foreign exchange markets that expresses ...
  4. European Currency Quotation

    An indirect quotation in the foreign exchange markets whereby ...
  5. Forex - FX

    The market in which currencies are traded. The forex market is ...
  6. Direct Quote

    A foreign exchange rate quoted as the domestic currency per unit ...
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