Exchange rates can be expressed either as direct quotes or indirect quotes. A direct quote is the home currency price of one unit of foreign currency.
In addition, when reasons exist for expectations against a prevailing foreign-exchange rate , speculative activities in foreign-exchange markets would not be entirely eliminated because gains from speculation could easily exceed the revenues from a low-rate Tobin tax. Jordan, Lebanon and the Syrian Arab Republic announced their intention to maintain their foreign-exchange rate regimes as a policy aimed at protecting their economies from the impact of the global financial crisis.
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