Quote currency
The quote currency is the currency in which one unit of the base currency is priced.
Explanation
On the ECB's euro reference-rate table the euro is the base, and the published number is how many units of the listed currency equal one euro. That listed currency is the quote currency for that rate. A rise in the number means the quote currency buys fewer euros, because more of it is needed for one euro. Profit on a retail platform is not always paid in the quote currency. MetaTrader 5 has a separate profit-currency field on the symbol.
This page explains published terms for education and reference. It is not financial, investment, tax, or trading advice, and it does not recommend a firm, product, or strategy.
Related terms
Sources and last check
Last checked . Rules, prices, and product names change. Read the source.