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Suppose that the current exchange rate is 1.00 $1.20. The indirect quote, from the U.S. perspective is 0.8333 $1.00. $0.6250-$1.00 1.50 $1.20. 1.20 $1.00.

Suppose that the current exchange rate is 1.00 $1.20. The indirect quote, from the U.S. perspective is 0.8333 $1.00. $0.6250-$1.00 1.50 $1.20. 1.20 $1.00.

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