A foreign exchange rate which provides a relationship between fixed number of units of
domestic currency against variable number of units of foreign currency is called an Indirect
rate.
What are Indirect Rates/Quotes?
FYBMS, SYBMS, TYBMS and beyond BMS
A foreign exchange rate which provides a relationship between fixed number of units of
domestic currency against variable number of units of foreign currency is called an Indirect
rate.
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