indirect exchange


indirect exchange
noun
1. : exchange (as of checks, drafts) between three or more places
2. : exchange in which rates give the value of the unit of home currency in terms of foreign currencies — compare fixed exchange

Useful english dictionary. 2012.

Look at other dictionaries:

  • indirect exchange — ➔ exchange1 * * * indirect exchange UK US noun [U] FINANCE, COMMERCE ► a situation in which goods, services, etc. are traded between two countries using the currency of a third country → Compare DIRECT EXCHANGE(Cf. ↑direct exchange) …   Financial and business terms

  • indirect exchange — netiesioginiai mainai statusas T sritis fizika atitikmenys: angl. indirect exchange vok. indirekter Austausch, m rus. косвенный обмен, m pranc. échange indirect, m …   Fizikos terminų žodynas

  • Exchange — The marketplace in which shares, options and futures on stocks, bonds, commodities and indices are traded. Principal US stock exchanges are: New York Stock Exchange ( NYSE), American Stock Exchange ( AMEX) and the National Association of… …   Financial and business terms

  • exchange — An association of persons who participate in the business of buying or selling futures contracts or futures options. A forum or place where traders gather to buy or sell economic goods. With the advent of the computerized exchange, it is… …   Financial and business terms

  • Exchange rate — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… …   Wikipedia

  • Indirect Quote — A foreign exchange rate quoted as the foreign currency per unit of the domestic currency. In an indirect quote, the foreign currency is a variable amount and the domestic currency is fixed at one unit. For example, in the U.S., an indirect quote… …   Investment dictionary

  • indirect quote — For foreign exchange, the number of units of a foreign currency needed to buy one U.S. dollar. Bloomberg Financial Dictionary An indirect quote in the foreign currency market is where the quote is expressed in terms of US$1, with the other… …   Financial and business terms

  • Indirect Quotation —    A foreign exchange term for the number of units of foreign currency that can be exchanged for one unit of domestic currency. The most common example of an indirect quotation outside the US is the sterling/dollar rate. US banks use indirect… …   Financial and business terms

  • Exchange rate —   An ISO term. The price at which one currency can be bought with another currency.   ISO Securities Message Types term. The exchange rate between the currencies used and the net proceeds/net amount. 12d.   ISO Standard Telex Formats term. The… …   International financial encyclopaedia

  • indirect quote — The expression of an exchange rate in terms of the number of units of a foreign currency corresponding to a single unit of the domestic currency. For example, in the UK an indirect quote for the dollar might be $1. 8 = £1. Compare direct quote …   Big dictionary of business and management


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