Glossary

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Direct quotation
This is how many units of any national currency are contained in one American dollar (see). For example, if a dollar costs 29 roubles 13 kopecksm than the quotation of the currency pair USD/RUR will be 29,13. Accordingly, if the USD / CHF = 0.9322, it means that the market now gives one dollar for 0.9322 Swiss franc (see). Please note that in direct quotations the base currency is always the U.S. dollar and the second currency in the pair is the money for which the base currency is bought.

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