In foreign exchange operations, the number of units of the domestic currency required to buy one unit of a foreign currency. Compare with Indirect quote. See also Quoted currency. Français: Cotation directe Español: Cotización directa
A direct quote arises in the foreign currency markets where the variable currency is the US dollar and the other currency is fixed as one unit. For example, sterling is quoted directly against the dollar. This means that the quote is always expressed in terms of #1 and the number of dollars it takes to buy #1 or the number of dollars #1 will buy. Most currencies are quoted indirectly against the dollar, rather than directly.
See on: Investopedia A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.