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Indirect exchange rates are always given with the local currency or reference currency as the to-currency. First line: Direct quotation is read from left to right, as before: 100 USD equal 92.81993 EUR. Whether the exchange rate is defined or communicated using the direct or indirect method of quotation depends on the market standard or the individual business transaction. The use of indirect quotation is neither application nor country-specific - it affects all the components in which exchange rates are used. A foreign exchange intervention is a monetary policy tool used by a central bank. When the central bank takes an active, participatory role in influencing the monetary funds transfer rate of the national currency. It usually does so with its own reserves or is own authority to generate the currency.

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