what Spot Exchange Rates under Forex exchange rate
Is a rate at which currencies are being traded for deliveryon the same day.
Is for a currency is the current rate at which one currencycan be immediately converted into another currency.
These rates are set by the demand and supply forces in theforeign exchange market.
The direct quote indicates the number of units of thedomestic currency required to buy one unit of foreign currency.
An indirec quote indicates the number of units of foreigncurrency that can be exchange for one unit of the domestic currency.
An indirect quote is the inverse of a direct quote.
Indirect quote = 1