To determine the price of two different currencies, we must first determine which country's currency shall prevail. Due to different standards, several different exchange rate pricing methods have emerged.

Direct quotation is also called payable pricing method: that is, foreign exchange in US dollars is bought and sold as a commodity, and the unit is US$ 65,438+0, that is, US dollars come first.

Indirect pricing method is also called accounts receivable pricing method. It calculates the foreign exchange receivable currency of several units in the domestic currency of a unit (such as 1 unit). In the international foreign exchange market, euros, pounds. Australian dollar, etc. Are indirect pricing methods.