Direct Quotation – Forex Economic Dictionary

Forex Economic Dictionary
Economic Dictionary

Direct Quotationthese quotations show how many units of the local currency are needed to purchase one unit of foreign currency. For example, in the USA, a direct quotation for the Canadian dollar would be US$0.85  = C$1.Analogically, in Canada, a direct quotation for U.S. dollars would be C$1.17 = US$1.

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