“Direet Quotation”, also known as “Quotation of price”, makes reference to the calculation of units of home currency taken from a given unit (1,100, 1,000, etc.) of foreign currency
Quotation, also known as Quotation by quantity, makes reference to a given unit of home currency (1,100, 1,000, etc.) as a gauge of how many units of foreign currency are taken.
Under the gold standard, exchange rates were determined based on the Golel Point. Under paper currency,
It must be pointed out that, with the development of globalization, the traditional direct and indirect pricing methods used in various countries have been difficult to adapt to the needs of the development of international foreign exchange, and a unified expression of exchange rate is necessary.
As a result, an international Key Currency is the standard way of marking prices.
At present.
All countries are published in dollar terms.
The exchange rate between two currencies other than the dollar must be calculated by comparing the respective currencies to the dollar.
This way of pricing is called “.
