Direct Quote

What Does Direct Quote Mean?
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 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.

Related Terms

American Currency Quotation
Currency
European Currency Quotation
Exchange Rate
Indirect Quote
More Related Terms

Related Links

A Primer On The Forex Market - Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
The Fundamentals Of Forex Fundamentals - Charting is not the only way to analyze the foreign-exchange market. Learn how to analyze the economic indicators.
Getting Started In Forex - Before entering this market, you should define what you need from your broker and from your strategy.
Forex Tutorial: The Forex Market - In this online tutorial, beginners and experts alike can learn the ins and outs of the retail forex market.
Why isn't the EUR/USD currency pair quoted as USD/EUR?
Explosive Gains In Forex – Learn what makes the currency markets move with your exclusive free report!
FXCM - Learn to Trade Currency with Free Demo
Get a risk-free $50,000 practice trading account at FOREX.com – Advanced trading platform with real-time quotes, charts, news, research.
Free Introductory Forex Trading Guide from GFT - Everything a beginner needs to know before entering the exciting & fast-paced forex market – from how to choose a dealer to how to place an order

Get a new investing term in your inbox each day!

- join our Term of the Day!