Direct quotation

Direct Quotation
Quoting in fixed units of foreign currency against variable amounts of the domestic currency.
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Direct Quotation
Quoting in variable units of domestic currency per fixed units of foreign currency.
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direct quotation: Home Currency / Foreign Currency
indirect quotation: Foreign Currency / Home Currency ...

A direct quotation in the foreign exchange markets whereby the value of the American dollar is stated as a per-unit measure of a foreign currency. This type of quotation shows how much U.S. currency it takes to purchase one unit of foreign currency.

See also: Option, Currency, Quotation, Market, Options