Quote Currency – The second currency quoted in a currency pair within the Forex Market. In a direct quote, the quote currency is the foreign currency. In an indirect quote, the quote currency is the domestic currency. The quote currency is also known as the “secondary currency” or “counter currency”.
The description for Quote Currency not up to scratch? Think you could improve it? Use the comments form below to suggest an edit...
Know of any terms we are currently missing?
We thank our glossarys top sources and contributors...
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply