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What is the difference between a direct quotation of an exchange rate and an indirect quotation? Indirect Direct quotations express exchange rates as units of
What is the difference between a direct quotation of an exchange rate and an indirect quotation?
Indirect
Direct
quotations express exchange rates as units of foreign currency per unit of domestic currency, whereas
direct
indirect
quotations are exchange rates as units of domestic currency per unit of foreign currency.
Part
If the exchange rate between the yen and the dollar changes from yen $ to yen $ the yen has
depreciated
appreciated
against the dollar, and the dollar has
appreciated
depreciated
against the yen.
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