An exchange rate quoted as the foreign currency per unit of domestic currency. The domestic currency is always denoted as 1 while the foreign currency is variable.
Indirect Quote
Related Terms
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Forex brokers will quote you two different prices for a currency pair: the bid and ask price. The “bid” is the price at which you can SELL the base currency. The “ask” is the price at which you can...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for another. While it is called “foreign” exchange, this is just a relative term. The terms “foreign” and “domestic” are relative to the person using the term. What is foreign to someone is considered domestic to another. “Currency exchange” […]
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex market, you buy or sell in currency pairs. As the value of one currency rises or falls relative to another, traders decide to buy or sell currencies to make profits. Retail forex traders participate in the forex market […]
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What is Quote Currency? The quote currency is the second currency in a currency pair. It is used to determine the value of the base currency. In the forex market, currency unit prices are quoted as currency pairs. The base currency, which is also known as the transaction currency, is the first currency appearing in […]
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An indicative quote is a price quote that is informative only. It is a type of quote provided to a trader from a market maker that may be changed prior to a transaction. It is a reasonable estimate...