European terms

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European terms

A foreign exchange quotation that states the foreign currency price of one U.S. dollar. Opposite of direct quote.

European Terms

In the United States currency market, an exchange rate stated in U.S. dollars per unit of a foreign currency. That is, the act of stating an exchange rate in European terms means stating the dollars needed to buy one unit of that currency. European terms contrasts with direct terms, which state the units of the foreign currency needed to buy one dollar.
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