Quote currency
Updated 2026-09-20
Definition
The second currency in a pair, in which the price is expressed.
Why it matters
It determines the currency in which the pip value is expressed: for pairs with USD as the quote the pip is worth about $10 per standard lot.
Practical example
In GBP/USD the quote currency is the dollar: 1.2500 means 1.25 dollars per pound.
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Educational content, not financial advice. Trading involves risk.