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Forex Basics

Quote Currency

The second currency in a pair, showing the price of one unit of the base currency.

Full Definition

The quote currency (or counter currency) is the second currency in a forex pair. In EUR/USD, the US dollar is the quote currency. The exchange rate indicates how many units of the quote currency are needed to purchase one unit of the base currency. Profits and losses are typically realized in the quote currency.

Related Terms

Base CurrencyCurrency PairExchange Rate
Learning Progress
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