Economy, asked by hirthik1788, 1 year ago

Difference between direct and indirect exchange rate example

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Answered by Anonymous

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Hiii In the indirect quote, on the other hand, the foreign currency is variable and the domestic currency is fixed at one unit. For example, if Canada is the domestic currency, a direct quote would be 1.18 USD/CAD and means that USD$1 will purchase C$1.18 . ... However, not all currencies have the U.S. dollar as the base.

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