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Direct Quote

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Direct Quote
A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.

Notes:
For example, in the U.S., a direct quote for Japanese yen would be US$/Japanese Yen. Conversely, in Japan, a direct quote for U.S. dollars would be Japanese Yen/U.S. Dollars.


Direct quote
For foreign exchange, the number of US dollars needed to buy one unit of a foreign currency.

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