Forex Glossary (Q)

Commonly used forex terms and their definitions.


Quote - An indicative market price, depending on the market may be either an indicative price not for trading or a tradable price.

Quote Currency - The second currency in a currency pair is referred to as the quote currency. For example, in a USD/JPY currency pair, the Japanese yen is the quote currency. Also referred to as the secondary currency or the counter currency.


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