Quote Currency

The second currency in a forex pair.

Detailed Definition

In forex trading, a currency pair consists of a base currency and a quote currency. The quote currency is the second currency in the pair, showing how much of it is needed to buy one unit of the base currency.

Related in Forex

Central Bank

An institution managing a state's currency and monetary policy.

Cross Rate

An exchange rate between two currencies not involving the USD.

Dovish

An economic outlook favoring lower interest rates.