In the Eurozone and countries such as the UK,Singapore and Australia,the custom is to express the exchange rate as:

Question

Quizplus · Accepted Answer

In the Eurozone and countries such as the UK, Singapore and Australia, the custom is to express the exchange rate as an indirect or quantity quotation. This means that the exchange rate is expressed as the number of units of the foreign currency that can be bought for one unit of the domestic currency.

In the Eurozone and Countries Such as the UK,Singapore and Australia,the