Direct quotation (direct
Quotation), also called GivingQuotation. This pricing method is based on the foreign currency of a certain unit and converted into the domestic currency of several units.
It is equivalent to calculating how much local currency should be paid for purchasing a unit of foreign currency, so it is called the payable price method. Under direct quotation, foreign currency is used as the benchmark currency.
, the domestic currency as the price currency; The amount of mark currency (domestic currency) changes with the change of foreign currency or domestic currency.
Most countries in the world, including China, currently adopt direct quotation.
In the international foreign exchange market, Japanese yen, Swiss franc and Canadian dollar are all quoted directly, such as Japanese yen 1 19.05, that is, one dollar against 1 19.05 yen.