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Overview of the Foreign Exchange Market by shreyaaamisra is a document available to read on EtoBox.

What is Overview of the Foreign Exchange Market about?

Here are the key points about direct and indirect quotes: - Direct quote is the price of one unit of foreign currency in terms of the home currency. - Indirect quote is the price of one unit of home currency in terms of the foreign currency. - Direct and indirect quotes are reciprocals of each other. If the direct quote is $1 = Rs. 83, the indirect quote is Rs. 1 = $0.0121. - The type of quote used depends on the home currency of the person/entity. For an American, $1 = Rs. 83 is a direct quote, while

Author

shreyaaamisra

Language

EN