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Exchange rate - Wikipedia, the free encyclopedia |
 | | For example, in a quotation that says the EUR-USD exchange rate is 1.2 USD per EUR, the price currency is USD and the unit currency is EUR. |
 | | Quotes using a country's home currency as the unit currency (e.g., $1.73990 = £1 in the UK) are known as indirect quotation or quantity quotation and are used in British newspapers and are also common in Australia, New Zealand and Canada. |
 | | Note that, using direct quotation, if a unit currency is strengthening (i.e., appreciating, or becoming more valuable) then the exchange rate number decreases. |
| en.wikipedia.org /wiki/Exchange_rate (1232 words) |
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