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What implications can draw from findings

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Use the OANDA website to find and give an example of the following in your  Currency quotations are provided in two ways: direct quotation and indirect quotation. A direct quote from the U.S. perspective is the price of one unit of foreign currency in U.S. dollars. An indirect quote from the U.S. perspective is the price of one U.S. dollar in the foreign currency.

  • Direct quote between the U.S. dollar and another currency, where the United States is designated as the home country.
  • Indirect quote between one currency and the Chinese renminbi (yuan), where China is designated as the home country.

Problem 1: What implications can you draw from your findings?

Reference no: EM132970391

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