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Investments glossary

Direct Quote


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Quotes of the day:

Most people hew the battlements of life from compromise, erecting their impregnable keeps from judicious submissions, fabricating their philosophical drawbridges from emotional retractions and scalding marauders in the boiling oil of sour grapes.

— Zelda

A direct quote is a foreign exchange rate involving a quote in fixed units of foreign currency against variable amounts of the domestic currency. As of February 2018, a direct quote of the U.S. dollar against the Canadian dollar in the United States was U.S. $0.79394 = C $1 while in Canada, a direct quote for would be C $1.25953 = U.S. $1.

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