![]() The domestic currency is the base and the foreign currency is the counter.įor example, USD to INR is a direct quote and INR to USD is an indirect quote. In an indirect quotation, it’s the other way around. In a direct quotation, the foreign currency is the base currency and the domestic currency is the counter currency. The exchange rate has two components-the base currency and the counter currency. Now that you understand the concept of the direct and indirect quote, let’s look at some other related concepts.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |