Quoted Exchange Rate

From Open Risk Manual

Definition

Quoted Exchange Rate. An exchange rate quoted at a specific point in time, for a given block amount of currency as quoted against another (base) currency

An exchange rate of R represents a rate of R units of the quoted currency to 1 unit of the base currency.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.