Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Quate Currency

Quote Currency

What is the Definition of Quote Currency?

The quote currency is the pair’s second currency.

It is used to establish the base currency’s value.

Currency pair prices are quoted in the forex market.

The base currency, also referred to as the transaction currency, is the currency that appears first in a currency pair quotation.

The currency quotation’s second component is referred to as the quote currency or counter currency.

Quate Currency

For instance, in the EUR/USD currency pair, the euro is the base currency and the US dollar is the quote currency.

The exchange rate of a currency pair indicates how much of the quote currency is required to purchase (or sell) one unit of the base currency.

As the rate in a currency pair rises, the quote currency’s value decreases.

Currency pairs in forex are denoted by the symbol XXX/YYY or simply XXXYYY.

The base currency is XXX, while the quote currency is YYY.

EUR/USD and USD/CAD are two currency pairs that follow this format.

The International Organization for Standardization prescribes the currency abbreviations (ISO). These codes are defined in ISO 4217.

Currency pairs use these three-letter codes to denote a particular currency.

Currency pairs are typically denoted by a slash character. Occasionally, the slash is omitted, but the result is the same.

AboutSamuel Joseph
Comments