Exchange rate changes are necessarily good or bad for a particular company. Exchange Rates It may be defined as the value of one currency being quoted in terms of another currency. Such quotation may take two forms. The first form is the direct quotation where the value of one unit of foreign currency is given in terms of the domestic currency and in indirect quotation the value of a single unit of domestic currency is given in terms of foreign currency. Generally the quotation values are in reference with Country U dollars.

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Chapter 31, Problem 4CQ

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To explain: Exchange rate changes are necessarily good or bad for a particular company.

Exchange Rates

It may be defined as the value of one currency being quoted in terms of another currency. Such quotation may take two forms. The first form is the direct quotation where the value of one unit of foreign currency is given in terms of the domestic currency and in indirect quotation the value of a single unit of domestic currency is given in terms of foreign currency. Generally the quotation values are in reference with Country U dollars.

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