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Related Definitions
Bid and Ask Quotations Interbank quotations are given as a bid and ask (also referred to as offer). A bid is the price (i.e., exchange rate) in one currency at which a dealer will buy another currency.
Foreign Exchange Rates and Quotations A foreign exchange rate is the price of one currency expressed in terms of another currency. A foreign exchange quotation (or quote) is a state of willingness ...
Direct versus Indirect Quotations The quotations of exchange rates for currencies normally reflect the ask prices for large transactions. Since exchange rates change throughout the day, the exchange rates quoted in a newspaper reflect only one specific point in time during the day.
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