European terms

European terms
A method of quoting exchange rates, which measures the amount of foreign currency needed to buy one U.S. dollar, i.e., foreign currency unit per dollar. Reciprocal of European Terms is another method of quoting exchange rates, which measures the U.S. dollar value of one foreign currency unit, i.e., U.S. dollars per foreign units. Chicago Board of Trade glossary
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A foreign exchange quotation that states the foreign currency price of one U.S. dollar. Bloomberg Financial Dictionary
Opposite of direct quote. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • European Terms — A foreign exchange quoting convention where the domestic currency is quoted in terms of a foreign currency. In other words, it is the amount of foreign currency that one unit of the domestic currency can buy. For example, assume there is a bid… …   Investment dictionary

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