Quote Currency
Definition
The second currency in a pair.
The quote currency in Forex is the second currency in a currency pair, quoted against the base currency. It's the one that's being bought or sold, with its value determined by the base currency.
Understanding the quote currency is crucial for traders as it impacts the direction of price movement. For instance, in the EUR/USD pair, the quote currency is USD. If the pair's price rises, it means the USD is strengthening against the EUR.