Definition of Quote Currency
The second currency in a currency pair. In EUR/USD, the US Dollar (USD) is the quote currency. It represents the amount needed to buy one unit of the base currency.
At a glance
Term
Quote Currency
URL slug
quote-currency
Category
Pricing & quotes
Short answer
The second currency in a currency pair.
Deep dives
Full A–Z glossary
Example
Apply the definition: restate “Quote Currency” in one sentence tied to your next trade (symbol, direction, size, stop). If you cannot, re-read the definition above.
Common mistake
Common mistake: using “Quote Currency” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Quote Currency” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
The second currency in a currency pair.
Knowing the precise definition of “Quote Currency” prevents platform and broker-spec mistakes—a common source of size and cost errors.
Common mistake: using “Quote Currency” as loose slang while your broker/platform specification defines it more narrowly.