The quote currency is the second currency listed in a forex (foreign exchange) pair, also known as the counter currency.
It expresses how much of that currency is needed to purchase one unit of the base currency, which is always the first currency in the pair. For example, in the pair EUR/USD, USD is the quote currency, meaning the price shows how many US dollars are required to buy one euro.
The value of the quote currency is always quoted in relation to the base currency, and it plays a crucial role in determining the exchange rate and calculating profits or losses in forex trading.
Example: EUR/USD
Suppose the exchange rate is EUR/USD = 1.10.
What Does This Mean?