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Indirect Equivalent
A term referring to the conversion or comparison of something through an intermediary or secondary measure.
Euro
A common European currency adopted in January 2002 by most of the members of the European Union.
Indirect Quote
A way of quoting exchange rates in foreign exchange markets, representing the amount of foreign currency required to buy one unit of the domestic currency.
Direct Quote
A direct quote is a foreign exchange rate expressed in terms of how much of the domestic currency is required to buy one unit of the foreign currency.
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