Quotations for German exchange, where quoted for 4 marks instead of a single mark, are also supplemented by the plus or minus fractional quotations; as, for example, if 95 5-16 per 4 marks was thought a little too high, it will be quoted 95 5-16 minus 1-32 of 1 per cent., which on a transaction of 100,000 marks would make a difference of about $7.50.

In large transactions the quotations on English exchange (which are generally confined to eighths of a cent per pound) are often supplemented with the quotation "plus 1.00," which means $1 additional will be charged on each 1,000 pounds, making a difference of 10 points in the rate. That is, a quotation of 4.87 1/4 plus 1.00 would be $4.8735, and it is not unusual in very large transactions to advance or lower the rate by five hundredths of a cent per pound, such as 4.87, 4.8705, 4.8710, 4.8715, etc., each five hundredths of a cent per pound making a difference of $5 on each 10,000 pounds, or $250 on a transaction of 500,000 pounds (nearly $2,500,000 in our money), often made by large financial institutions in a single day.