indirect exchange rate
The reciprocal of the conventional way of quoting a currency pair computed by dividing one by the standard exchange rate for a currency pair, or the quantity of a foreign currency required to buy a unit of one's Domestic Currency. For example, the pound Sterling's exchange rate versus the U.S. dollar is conventionally quoted in Dollars per Pound, so the indirect exchange rate for that pair would be the number of Pounds per Dollar.
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Securities Enforcement Remedies and Penny Stock Reform Act of 1990
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