Direct Quote


Direct Quote
A foreign exchange rate quoted as the domestic currency per unit of the foreign currency. In other words, it involves quoting in fixed units of foreign currency against variable amounts of the domestic currency.

For example, in the U.S., a direct quote for the Canadian dollar would be US$0.85 = C$1. Conversely, in Canada, a direct quote for U.S. dollars would be C$1.17 = US$1.


Investment dictionary. . 2012.

Look at other dictionaries:

  • direct quote — For foreign exchange, the number of US dollars needed to buy one unit of a foreign currency. Bloomberg Financial Dictionary A direct quote arises in the foreign currency markets where the variable currency is the US dollar and the other currency… …   Financial and business terms

  • direct quote — reciprocal exchange rate An exchange rate expressed in terms of the number of units of domestic currency corresponding to one unit of the foreign currency. In EU countries, for example, a direct quote for the US dollar might be €0. 63. Compare… …   Big dictionary of business and management

  • Direct quote — For foreign exchange, the number of U.S. dollars needed to buy one unit of a foreign currency. The New York Times Financial Glossary …   Financial and business terms

  • quote — {{Roman}}I.{{/Roman}} noun 1 words taken from a book, etc. ADJECTIVE ▪ famous, memorable, quotable ▪ direct, exact, verbatim ▪ a direct quote from this morning s paper …   Collocations dictionary

  • Quote Currency — The second currency quoted in a currency pair in forex. In a direct quote, the quote currency is the foreign currency. In an indirect quote, the quote currency is the domestic currency. Also known as the secondary currency or counter currency .… …   Investment dictionary

  • direct — di|rect1 W1S2 [dıˈrekt, ˌdaıˈrekt] adj ▬▬▬▬▬▬▬ 1¦(without involving others)¦ 2¦(from one place to another)¦ 3¦(exact)¦ 4¦(behaviour/attitude)¦ 5 direct descendant 6 direct hit 7 direct heat/sunlight ▬▬▬▬▬▬▬ [Date: 1300 1400; : Latin; Origin:… …   Dictionary of contemporary English

  • direct — di|rect1 [ dı rekt, daı rekt ] adjective *** ▸ 1 not involving others ▸ 2 going straight to place ▸ 3 clear and honest ▸ 4 exact ▸ 5 with full force ▸ 6 related through parents 1. ) usually before noun involving only the two people or things… …   Usage of the words and phrases in modern English

  • direct — 1 /di rekt, daI rekt/ adjective 1 WITHOUT ANYTHING BETWEEN done without any other people, actions, processes etc coming between: Can we have direct access to the information on file? | She has direct control over the business. | I m not in direct …   Longman dictionary of contemporary English

  • direct — I UK [dɪˈrekt] / US / UK [daɪˈrekt] / US adjective *** 1) going straight to a place and not stopping or changing direction on the way there direct flights from Scotland to North America There is a more direct route straight up the motorway. The… …   English dictionary

  • direct */*/*/ — [daɪˈrekt] , [dɪˈrekt] adj I 1) going straight to a place without stopping or changing direction direct flights from Scotland to North America[/ex] 2) involving only the two people or things that are mentioned and with no one or nothing else… …   Dictionary for writing and speaking English


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