Final answer:
To convert the given indirect currency quotes to direct quotes, one must invert the currency pair rates. The direct quotes reflect how much of the domestic currency is needed to purchase one unit of the foreign currency.
Step-by-step explanation:
To restate the indirect quotes using the direct method of quotation, you need to invert the given currency pair rates. The direct method shows how much of the domestic currency is needed to buy one unit of the foreign currency. Here's how you can calculate the direct quotes for the given exchange rates:
USD/ZAR (U.S. Dollar to South African Rand): The indirect quote is 6.5499 which means that you would invert this number to get the direct quote. To do this, divide 1 by 6.5499 to get the direct quote of 1 ZAR to USD.
USD/CHF (U.S. Dollar to Swiss Franc): Similarly, invert the given quote of 3.5533 to get the direct quote of 1 CHF to USD.AUD/USD (Australian Dollar to U.S. Dollar): Since it's already in the direct quote format (how much USD one AUD buys), you can just use the given number, 1.9443.SEK/USD (Swedish Krona to U.S. Dollar): Again, since it's already directly quoted, you use the given 1.3273.USD/JPY (U.S. Dollar to Japanese Yen): For this pair, the rate is quoted directly in terms of USD per JPY, so you can take the number given, 102.40.
Remember to divide in the correct order to ensure that the direct quote reflects the correct domestic currency per unit of foreign currency.