Indirect quotation
Indirect quotation is the number of units of foreign currency that can be purchased for one U.S. dollar and that is provided while discussing exchange rates.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Indirect quotation. When discussing exchange rates, the number of units of foreign currency that can be purchased for one U.S. dollar.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Indirect quotation. The foreign currency price of one unit of the home currency.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
