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Country A's Currency
The legal tender issued by Country A's central bank or monetary authority, used as a medium of exchange within Country A.
Forward Rate
An agreed-upon price for a financial transaction that will occur at a future date.
Direct Quote
A quotation in the foreign exchange market that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.
Direct Quote
A report of the exact words used by a speaker or writer, typically enclosed in quotation marks.
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