# Direct Quote Definition.

A direct quote is a foreign exchange rate quoted as the domestic currency per unit of the foreign currency. In other words, it expresses how much of the foreign currency is needed to buy one unit of the domestic currency. For example, if the direct quote for the EUR/USD currency pair is 1.25, it means that it takes 1.25 USD to buy 1 EUR. How do you read a forex quote? When reading a forex quote, there are two prices listed: the bid price and the ask price. The bid price is the price at which you can sell the currency, while the ask price is the price at which you can buy the currency. The difference between the two prices is known as the spread. How do you calculate direct quote currency? In order to calculate the direct quote currency, you need to know the following:

1. The base currency
2. The counter or quote currency
3. The exchange rate

With this information, you can calculate the direct quote currency by using the following formula:

Direct Quote Currency = (1 / Exchange Rate) * Base Currency

For example, if the base currency is EUR and the counter currency is USD, and the exchange rate is 1.25, the direct quote currency would be calculated as follows:

Direct Quote Currency = (1 / 1.25) * EUR

Direct Quote Currency = 0.8 EUR What is a direct quote forex? A direct quote forex is a foreign exchange rate that is quoted in terms of the domestic currency. For example, if the USD/CAD exchange rate is quoted as 1.25, that means that 1 USD is worth 1.25 CAD. How do you convert direct to indirect exchange rate? The direct to indirect exchange rate is the rate at which one currency can be exchanged for another. This is the most basic and commonly quoted type of exchange rate. It is also known as the "spot" or "cash" rate. How do you find indirect quotes? When you are looking for indirect quotes, you will want to look for a currency pair that is not your own. For example, if you are looking for an indirect quote for the EUR/USD pair, you would look for the USD/EUR pair. The reason for this is because the indirect quote is the reciprocal of the direct quote. So, if the EUR/USD pair is trading at 1.2500, the USD/EUR pair would be trading at 0.8000.