The quote currency (also called the counter currency) is the second currency in a pair. The exchange rate is expressed in it: it tells you how much of the quote currency you need to buy one unit of the base currency.
Forex Term
Quote Currency
The second currency in a pair — the one prices are expressed in.
Example
In EUR/USD at 1.1050, the US dollar (USD) is the quote currency.
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Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.