// TRADING TERMINOLOGY
What is Quote Currency?
The second currency in a currency pair quote.
In-Depth Explanation
In a forex pair (e.g., EUR/USD), the quote currency is the one on the right. It represents how much of that currency is needed to buy one unit of the base currency.
Practical Example
"If EUR/USD is 1.10, the quote currency (USD) is worth less than the base currency."
Related Terminology
Tradeable Instruments Affected
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