The direct quotation method takes the US dollar as the fixed unit, that is, how many foreign currencies one dollar equals, such as Japanese yen, Hong Kong dollar, Swiss franc and Canadian dollar. Quote: A higher number means a higher dollar, and a lower number means a lower dollar.
Indirect quotation method refers to how many dollars a foreign currency unit is equal to, such as pound, Australian dollar and euro. Quote: A higher number means a lower dollar and a lower number means a higher dollar.
Bid price and bid price: bid price and bid price are from the bank's point of view. Customers buy and sell foreign currency: the currency to the left of the "/"symbol is calculated by multiplying the currency to the right of the "/"symbol by the purchase price, and vice versa.