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Direct Quote

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Definition of 'Direct Quote'

A foreign exchange rate quoted as the domestic currency per unit of the foreign currency. In other words, it involves quoting in fixed units of foreign currency against variable amounts of the domestic currency.
Investopedia Says

Investopedia explains 'Direct Quote'

For example, in the U.S., a direct quote for the Canadian dollar would be US$0.85  = C$1. Conversely, in Canada, a direct quote for U.S. dollars would be C$1.17 = US$1. 

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    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 ...
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    A generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and ...
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  • European Currency Quotation

    An indirect quotation in the foreign exchange markets whereby the value of a foreign currency is stated as a per-unit measure of the U.S. dollar. This type of quotation shows how much ...
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    • Exchange Rate

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    • Indirect Quote

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