Quote Currency
The second currency quoted in a currency pair in forex. In a direct
quote, the quote currency is the foreign currency. In an indirect quote,
the quote currency is the domestic currency.
Also known as the "secondary currency" or "counter currency".
Understanding the quotation and pricing structure of currencies is
essential for anyone wanting to trade currencies in the forex market. If
you were looking at the CAD/USD currency pair, the U.S. dollar would
be the quote currency, and the Canadian dollar would be the base
currency.
Major currencies that are usually shown as the quote currency include
the U.S. dollar, the British pound, the euro, the Japanese yen, the
Swiss franc and the Canadian dollar.