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Quote Currency

Definition

The quote currency (or counter currency) is the second currency in a forex pair. In EUR/USD, the US dollar (USD) is the quote currency. It represents the amount of that currency needed to purchase one unit of the base currency.

Related Terms

Base Currency Currency Pair

More Forex Basics Terms

Pip Pipette Lot Size Spread Bid Price Ask Price Base Currency Currency Pair Major Currency Pairs Cross Currency Pairs