Direct terms

(redirected from American Exchange Rate)

Direct terms

The price of a unit of foreign currency in domestic currency terms, such as $.9850/Euro for a US resident. See: Indirect terms.

Direct Terms

In foreign exchange, the expression of a currency in terms of one unit of a different currency. For example, to say there are two U.S. dollars per one British pound is to express the dollar in direct terms to the pound. See also: Indirect terms, Currency pair.
References in periodicals archive ?
Figure 1 displays Latin American exchange rate risk measures calculated by the system for the past three years.
In a pure accounting sense, Engel shows that real American exchange rate changes are accounted for almost completely by changes in nominal exchange rates; prices (even the relative price of nontradables) account for almost none of the variance, even at low frequencies.

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