Direct vs indirect quote forex

Indirect Quote

A spot exchange rate is one at which currency can be sold or bought for immediate delivery which two business day after the transaction.

In spot exchange market the quote for a currency may be direct or indirect.

Direct Versus Indirect Quotations | kysiqubonypun.web.fc2.com

Direct Quote — It refers to the number of units of domestic currency which is required to buy one unit of foreign currency. Indirect Quote — It refers to the number of units of foreign currency required to buy 1 unit of domestic currency.

Indirect quote is an inverse of direct quote so if one knows direct quote one can easily calculate indirect quote for a currency. Notify me of followup comments via e-mail.

What is Direct and Indirect Quote in Foreign Exchange Market Vinish Parikh April 15, A spot exchange rate is one at which currency can be sold or bought for immediate delivery which two business day after the transaction. Random Posts Features of Process Costing Difference between Accounting and Auditing Journal Entry for Interest on Capital Tangible Real Account Examples Advantages and Disadvantages of FDI.

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