IRR and Indirect quote: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Add definition. Source: Linked pages) |
imported>Doug Williamson (Generalise, from the USD only case.) |
||
| Line 1: | Line 1: | ||
A foreign exchange rate quotation where the foreign currency amount is divided by the quoted rate, in order to calculate the domestic currency equivalent. | |||
== See also == | == See also == | ||
* [[ | * [[Base currency]] | ||
* [[ | * [[Direct quote]] | ||
* [[ | * [[USD]] | ||
Revision as of 20:35, 21 March 2015
A foreign exchange rate quotation where the foreign currency amount is divided by the quoted rate, in order to calculate the domestic currency equivalent.
