Indirect Quote
a.k.a. Indirect quotation
An exchange rate shown as how much foreign currency one unit of your home currency buys.
In plain English
An exchange rate shown as how much foreign currency one unit of your home currency buys.
An indirect quote puts your own currency first. For someone in the US, USD/JPY = 150 is indirect: one dollar buys 150 yen.
It is the mirror of a direct quote.
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