Investments glossary

Direct Quote

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Quotes of the day:

Truth may be stretched, but cannot be broken, and always gets above falsehood, as does oil above water.

— Miguel Cerbantes

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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