Indirect quote

Indirect quote

For foreign exchange, the number of units of a foreign currency needed to buy one US dollar.

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.
Mentioned in ?
References in periodicals archive ?
In a direct quote, the exchange rates are quoted as domestic currency per unit of foreign currency, and in an indirect quote, the exchange rates are quoted as foreign currency per unit of domestic currency; the direct quote is the reciprocal of the indirect quote.
The other partners are Statoil and Sasol with 25,5% stake each and ENH with a 15% stake.Eni has been present in Mozambique since 2006 and is the operator of Area 4 with a 50% indirect quote, owned through its subsidiary Eni East Africa.
The lead paragraph asserted in an indirect quote that the "majority of American scientists support Iranian peaceful nuclear program."
- The December 2005 spot rate (indirect quote) at the time of the order is 1.17CAD / 1USD.
The word was used in an indirect quote attributed to Bishop in a story on Page B1 Thursday.
They suggest alternatives such as scenario leads and indirect quote leads and tell readers how to write such leads.
Thus, this indirect quote represents much more than the subadar's envy of the sensuous latitude granted Bland around women who look much like Bland and little like the subadar.
--A 3 month forward rate (indirect quote) at the time of the order is quoted at a bid price of 1.1590 CAD/1USD and an ask price of 1.1600CAD / 1USD for transactions valued at $1 million or more.
SHORTCOMINGSIn addition, there are indirect quotes taking up 12.1 per cent of the wordage from three other antagonists: ODM leader Raila Odinga, Central Organisation of Trade Unions secretary-general Francis Atwoli and Mombasa Governor Hassan Ali Joho publicly declaring that the DP is not fit to hold public office.Only 13.4 per cent of the words are turned over for the DP's defence and only his spokesman David Mugonyi is quoted.
(3) For the purpose of this study, I particularly focused on direct and indirect quotes by members of the following groups:
The headline of the story that covered his comments at the Asean Business Investment Summit ran: 'Exec says infra dev't, democracy can't mix.' Direct and indirect quotes in the story cannot establish that he made such a categorical and incorrect conclusion.
He emphasised that there is a legal channel for petitioners to submit whistleblowing materials face-to-face to the anti-graft authorities, the newspaper said, according to indirect quotes. Zhang was cited as saying detentions at petition offices and public venues were not allowed -- leaving open whether intercepting a petitioner in a non-public place would be acceptable.