term quotation indirect help what is
Meaning of indirect quotation. What is it: per unit of local currency (compared to direct quotation.

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Definition indirect quotation

INDIRECT QUOTATION title: indirect quotation (FI) (SAP Library - Glossary)
INDIRECT QUOTATION category: Financial Accounting (FI)
INDIRECT QUOTATION explained:

A currency value expressed in units of the foreign currency per unit of local currency (compared to direct quotation).

Indirect quotation is also known as volume notation.

Example

Local currency: EUR

Foreign currency: USD

For one unit of the local currency EUR you will receive the displayed number of units of the foreign currency - that is 1.0808 USD.

More terms such as indirect quotation in Dictionary I.

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