Direct quotation (direct

Quote), also known as the payable price method, is an exchange rate method to express a unit's foreign currency in domestic currency.

Generally speaking, how much domestic currency is equivalent to 1 unit or 100 unit of foreign currency. It is equivalent to how much local currency you have to pay to buy a certain unit of foreign currency, so it is also called the price payable method.

At present, most countries in the world use direct quotation, such as RMB, Japanese yen, Swiss franc and Canadian dollar.

For example, RMB 6.8097 is 1 USD = RMB 6.8097, which is the direct notation of RMB.

Indirect pricing method

Contrary to direct quotation, indirect pricing method (indirect

Qutation) is an exchange rate method that how many units of foreign currency are used to express a unit's local currency.

Usually, foreign currency accounts receivable of several units are calculated based on the local currency of 1 unit or 100 unit, so this is also called accounts receivable pricing method.

Unit dollar quotation

Due to its special status, the US dollar is generally regarded as a foreign currency in the foreign exchange market. Therefore, if one of the currencies in the exchange rate is the US dollar, then the fixed currency is the US dollar pricing method (US

Dollar quotation or dollar terms).

Dollar pricing is an exchange rate expression, which calculates how much other currencies should be exchanged according to a certain dollar unit. In the inter-bank market of various countries, the quotation method of US dollars is generally adopted.