From my understanding, the first line (USD) is the base/unit currency and the second line (SGD) is the price currency. If I am checking the quote in Singapore, the Base currency is a foreign currency (USD) and the quoted currency is SGD. i.e. USD/SGD is the quotation a direct or indirect quotation? Some other references say that the base currency should be home currency and thereby this quote (USD/SGD) is an indirect quotation. Why is there such difference?
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