... with this field, and more importantly, the lack of access to material within such a short span of time. PART- ONE 1.1 About exchange rates Before sinking into the details with reference to Bangladesh, it is wise to provide a short briefing on Exchange rates in general. Exchange rates can be classified into of two methods of currency valuation, namely: * Direct Quote * Indirect Quote Indirect quote valuation involves measuring the value of one unit of the domestic currency against foreign currency. This form of valuation is followed mostly by developed countries, such as the US. An example may be cited as: 1 Taka = 0.0172 US $ or 0.0172 US $= 1 Taka Direct Quote valuation on the other hand involves measuring one unit of the foreign currency against the domestic currency. In other words, it deals with how much of domestic currency exchanges for one unit of foreign currency. An example would be: 1 US $= ...

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