The expression of an exchange rate in terms of the number of units of a foreign currency corresponding to a single unit of the domestic currency. For example, in the UK an indirect quote for the dollar might be $1.8 = £1.

Compare:

direct quote.

• international banking facility
• international bond
• International Centre for the Settlement of Investment Disputes
• International Chamber of Commerce
• International Commodities Clearing House
• international commodity agreements
• International Depository Receipt
• International Development Association
• International Finance Corporation
• international Fisher effect
• International Fund for Agricultural Development
• international futures
• International Monetary Fund
• International Monetary Market
• international mutual fund
• International Organization for Securities Commissions
• International Petroleum Exchange
• International Securities Market Association
• international security identification number
• International Stock Exchange in London
• International Stock Exchange of the UK and Republic of Ireland Ltd
• International Swaps and Derivatives Association
• International Union of Credit and Investment Insurers
• intervention mechanism
• intervention price