Full comparison of Forex direct quote vs indirect quote ...

ELI5: Direct and Indirect Quotes

I'm getting so confused trying to figure this out.
I read one definition of a direct quote, and understand that it will tell me how much of my domestic currency I need to purchase one unit of a foreign currency.
A direct quote is the number of units of a domestic currency needed to buy one unit of a foreign currency.
Then I read another page, and it says the exact opposite.
Let's look at this with an example. Assuming your are from the United States, your domestic currency is the US dollar. In this case, a USD/GBP quote of 0.66 will be a direct quote for you and it will mean that one US dollar can buy 0.66 GB pounds.
Am I going crazy or do these two explanations argue against each other?
If I am living in the United States, is a direct quote USD/CAD or CAD/USD?
submitted by BeachChicken to explainlikeimfive [link] [comments]

Forex Quotes Explained - YouTube Direct quote and indirect quote. Currency Exchange Basics. Direct vs. Indirect - YouTube Exchange Rates (Forex - Direct & Indirect Quotes)  CA ... FOREX 2 Direct, Indirect Quotes Forex Tutorial: How to Read a Currency Quote 🙌 - YouTube The Exchange Rate - Direct and Indirect Quote. Direct vs Indirect Quotes - YouTube

Direct and Indirect Quote. Let’s now look at it in detail. In financial terms, the exchange rate is the price at which one currency will be exchanged against another currency. The exchange rate can be quoted directly or indirectly. The quote is direct when the price of one unit of foreign currency is expressed in terms of the domestic currency. The quote is indirect when the price of one ... Hence a direct quote. The corresponding indirect quote is 1/DQ = 1/5.75 = 0.1 739 Kr per Re . b. € per Re is foreign currency per unit of home currency. Hence an indirect quote. The corresponding direct quote is 1/IDQ = 1/0.0191 = Rs.52.35 per € c. SGD per Re is foreign currency per unit of home currency. Hence an indirect quote. The corresponding direct quote is = 1/0.0388 = Rs.25.77 per ... Full comparison of Forex direct quote vs indirect quote – MUST READ. Share: The below-described article will cover some of the most crucial characteristics of the Forex niche, including understanding ins and outs of reading FX quotes, explaining its varieties, and as well as finding out what the difference between indirect and direct exchange rates is. Get ready to learn the aspects of the ... Forex Direct Quote vs Forex Indirect Quote. Forex Direct Quote vs Forex Indirect Quote. November 16, 2018 15:35 UTC Reading time: 9 minutes. By now you will know that Forex trading (or foreign exchange trading) is performed by trading currency pairs. The prices of these pairs are known as quotes or ... One such thing is the Forex direct quote vs indirect quote concepts, which a lot of people get easily confused about. The difference between indirect and direct exchange rates quotes is the notation they are given in. They convey the same meaning but in different forms. It is like two words that are synonyms. You can use them interchangeably, but each one has its own, a more specific context ... Direct quote vs. Indirect quote. There are two types of forex trading quotes. Direct quotes will mostly appear in terms of home currency. What this means is that for a person in the US for example; you will find EUR/USD to be in direct since the quote is showing you how much of USD dollars you need to buy a EURO. In such a case, you have a direct quote. However, there are other cases where you ... Direct vs indirect quotes - Key takeaways. There are three major takeaways that you can use from this guide. Although it may seem a bit overwhelming, note that it’s very easy to remember these names once you actually start trading. The first lesson is that Forex quotes are already a part of your trading life, they’re the main things from which a currency pair consists. The base currency ... Direct vs indirect quotes; Top tips to understand and interpret a forex quote ; Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is ... Forex quotes. Knowing all about Direct and Indirect Forex Quotes can be handy. One of the basic concepts that all top forex brokers need to understand is how to read Forex quotes. You know that currencies are traded in pairs, with the currency on the right of the slash being the base and the one on the left being the counter or quote.

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Forex Quotes Explained - YouTube

How To Pay Off Your Mortgage Fast Using Velocity Banking How To Pay Off Your Mortgage In 5-7 Years - Duration: 41:34. Think Wealthy with Mike Adams 726,734 views Brief video to explain the basics of currency exchange. This video explains the difference between direct exchange rates and indirect exchange rates. We simplify your financial learnings. Subscribe here to learn more of Strategic Financial Management: https://goo.gl/HTY5SN CA Final SFM Fast Track Course:... How to read a currency quote http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Let's look ... Direct and Indirect Rate Calculation TYBMS International Finance ... 8:18. Calculating the Cross Rate with Bid - Ask FOREX Quotes - Duration: 10:26. Friendly Finance with Chandra S. Bhatnagar ... Ready to start trading the Forex market? Click this link to see a live trading session: https://goo.gl/MmEasr. If you want to learn more about Forex quotes, ... Direct and Indirect Rate Calculation TYBMS International Finance - Duration: 8 ... Financial Management - Forex - Exchange Rate quotes - Duration: 18:28. CA Gopal Somani 20,004 views. 18:28 ... When to use direct and indirect quotes, how are they different, and what punctuation to use.

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