The quote currency is the second currency in a pair and the one the price is expressed in. In EURUSD at 1.0850, the US dollar is the quote currency and one euro buys 1.0850 dollars. Profit and loss on a dollar-quoted pair is generally settled in the quote currency, which is why pip value changes with the account currency.
Forex glossary
Quote Currency
Related term
Base Currency
In a currency pair, the base currency is the first one named and the unit being bought or sold. In EURUSD, the euro is the base and the quote tells you how much…
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