What is direct and indirect currency?

In a direct quote, the foreign currency is the base currency, whereas the domestic currency represents the counter currency. Conversely, in an indirect quote, the domestic currency is the base currency, whereas the foreign currency represents the counter currency.

How do you find indirect quotes?

To get the indirect quote, we just need to find the inverse of the prices and then switch their places. So, for an EU resident, the indirect quotation rate for the euro and USD would be (0.7467 − 0.7468). Thus, the new bid (inverse of the direct ask 1.3392) would be 0.7467.

What do you use before a list?

Rule 1: Use a Colon to Introduce an Item or List. Use a colon to introduce an item or list, if the list comes after a complete sentence or independent clause.

What is a currency quote?

The quote currency, commonly known as “counter currency,” is the second currency in both a direct and indirect currency pair and is used to determine the value of the base currency. In a direct quote, the quote currency is the foreign currency, while in an indirect quote, the quote currency is the domestic currency.

What is the difference between direct and indirect quotes?

A direct quote (or direct quotation) is the exact words taken from an original source and used in a second piece of writing. An indirect quote (or indirect quotation) is the idea or fact taken from an outside source and used in a second piece of writing.

What is a semi colon in writing?

A semicolon is most commonly used to link (in a single sentence) two independent clauses that are closely related in thought. When a semicolon is used to join two or more ideas (parts) in a sentence, those ideas are then given equal position or rank.

What makes a good direct quote?

When to Use Direct Quotes Use them for emphasis when the reader needs to see the exact words for analysis and evidence or when the exact quote encapsulates the topic at hand more succinctly or better than you could. You can use ellipses to cut some things out of a direct quote, but even that should be done sparingly.