Cryptocurrency Q&A
What is a direct quote in foreign exchange markets?
What is a direct quote in foreign exchange markets?
Riccardo
Tue Jan 21 2025
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5
answers
928
I'm trying to understand the concept of direct quote in the context of foreign exchange markets. I want to know what it means and how it works in currency trading.
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5 answers
CherryBlossom
Thu Jan 23 2025
The foreign exchange market often uses specific quotation conventions.
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CryptoElite
Wed Jan 22 2025
In this case, 1.2500 CAD is required to get 1 USD.
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Giuseppe
Wed Jan 22 2025
A common quotation in this market is 1.2501.
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MatthewThomas
Wed Jan 22 2025
This figure represents an indirect quote when viewed from the U.S. perspective.
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NebulaPulse
Wed Jan 22 2025
An indirect quote indicates how much of a foreign currency is needed to obtain one U.S. dollar.
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