Quotation

The listed per unit , also called piece of course , is the price of a traded currency or commodity at. The amount of the traded goods / currency is one.

The quantity quotation corresponds to the reciprocal of the unit quotation.

Example: Unit quotation: 1 USD = 0.8072 EUR, quantity quotation: 1 EUR = 1 / 0.8072 = 1.1468 USD

See also: exchange rate , percentage rate