Quote currency

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    Quote currencyWhat is a quote currency compared to a base currency?

    The quote currency is the second currency in a currency pair. In forex trading, currencies are always paired and the quote currency is the currency you are paying with.

    For example, in the EUR/USD currency pair, the quote currency is the US dollar (USD) and in USD/JPY, the quote currency is the Japanese yen (JPY).

    On a chart, the price is always displayed in the quote currency on the right side of the chart. For example, if you trade the USD/JPY, the price is displayed in yen as this is the amount of yen you need to buy one US dollar.

    The first currency in the currency pair is the base currency.

    Example: If the EUR/USD is quoted as 1.23, to buy the base currency of €1, you would need to pay $1.23, the US dollar price being the quote currency on the chart.

    Trading with currencies

    At tradimo, currency trading is one of our focus areas. In addition to a special forex forum, check out our forex concepts and strategies. If you are new to trading, we recommend you our forex beginner strategy

    Further reading

    Learn more about common terminology used in trading:

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