Direct Quote


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.

BREAKING DOWN '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.

  1. Exchange Rate

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

    A currency quotation in the foreign exchange markets that expresses ...
  3. Currency

    A generally accepted form of money, including coins and paper ...
  4. American Currency Quotation

    A direct quotation in the foreign exchange markets whereby the ...
  5. European Currency Quotation

    An indirect quotation in the foreign exchange markets whereby ...
  6. Currency Union

    When two or more groups (usually countries) share a common currency ...
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