American currency quotation

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.

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American currency quotation

In foreign exchange trading, the value of a foreign currency in terms of the U.S. dollar. For example, if the euro is worth 90¢, the American currency quotation would be expressed as 0.90, meaning there are 0.9 dollars to the euro. Also called multiplier. Compare European currency quotation.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.