(1) Direct quotation, also known as payable pricing method, refers to the pricing method of converting a certain unit's foreign currency (1 or 100, etc.). ) into several units of the national currency.
◎ Direct quotation means how much local currency should be paid for buying a foreign currency of a unit, or how much local currency should be charged for selling a foreign currency of a unit.
◎ With direct quotation, the number of exchange rate changes is opposite to the direction of local currency value and the same as that of foreign currency value.
(2) The indirect quotation method, also known as the accounts receivable quotation method, is based on a certain unit of domestic currency (1 or 100, etc.) and is converted into several foreign currencies.
◎ The indirect pricing method is adopted, and the number of exchange rate changes is in the same direction as the local currency value and in the opposite direction to the foreign currency value.