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Quote Currency Definition

The quote currency is the second currency listed in a currency pair, showing how much of it is needed to buy one unit of the base currency.

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What is a Quote Currency?

The quote currency's value is expressed relative to the base currency in the exchange rate.

Understanding the quote currency helps traders correctly interpret forex price quotes.

Example of Quote Currency

In USD/JPY, the Japanese yen is the quote currency, showing how many yen are needed to buy one U.S. dollar.

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