Direct and Indirect Quotes, Two-Way Rates and Value Dates

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Direct and Indirect Quotes, Two-Way Rates and Value Dates – CAIIB BFM

Learn how foreign exchange rates are quoted and interpreted in CAIIB BFM. This article explains direct and indirect quotations, base and quote currencies, bid and offer rates, two-way quotations, spreads, dealer and customer perspectives, and cash, tom and spot value dates with practical banking examples and common exam traps.

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