Direct terms(redirected from Normal Quote)
The price of a unit of foreign currency in domestic currency terms, such as $.9850/Euro for a US resident. See: Indirect terms.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved