Quote currency что это

quoted currency

1 quoted currency

2 quoted currency

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Quoted Currency — The currency quoted against the base currency, i.e. the numerator quoted in terms of the denominator. For example, the quoted currency in the US dollar/euro quotation is the euro. ► See also Base Currency … Financial and business terms

Currency pair — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia

Currency of Spanish America — This article provides an outline of the currency of Spanish America (las Indias, the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. This great realm was divided into the Viceroyalty of New … Wikipedia

Currency Pair: EUR/USD (Euro/U.S. Dollar) — The abbreviation for the euro and U.S. dollar (EUR/USD) pair or cross for the currencies of the European Union (EU) and the United States (USD). The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase… … Investment dictionary

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Base currency — In foreign exchange markets, the base currency is the first currency in a currency pair. The second currency is named the quote currency, counter currency or terms currency. Exchange rates are quoted in per unit of the base currency. Note that FX … Wikipedia

Reciprocal Currency — In the foreign exchange market, a currency pair that involves the U.S. dollar (USD) but where the USD is not the base currency. For example, the currency pair NZD/USD has the New Zealand dollar as its base currency and the USD as its quote… … Investment dictionary

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Quote currency — In foreign exchange markets, the quote currency is the second currency in a currency pair. The quote currency is also known as the counter currency.If looking at the EUR/USD currency pair, the U.S. Dollar is the quote currency, and the Euro is… … Wikipedia

Currency pair — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia

Currency Pair: EUR/USD (Euro/U.S. Dollar) — The abbreviation for the euro and U.S. dollar (EUR/USD) pair or cross for the currencies of the European Union (EU) and the United States (USD). The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase… … Investment dictionary

quote — An indication of current bids and offers in the market on a particular contract or spread. Chicago Mercantile Exchange Glossary The highest bid price and the lowest offer price for a security at any particular time. An offer to buy or sell a… … Financial and business terms

quote — quote1 W3S2 [kwəut US kwout] v [Date: 1300 1400; : Medieval Latin; Origin: quotare, from Latin quot how many ] 1.) [I and T] to repeat exactly what someone else has said or written quote from ▪ She quoted from a newspaper article. ▪ He quoted a… … Dictionary of contemporary English

quote — [[t]kwo͟ʊt[/t]] ♦♦ quotes, quoting, quoted 1) VERB If you quote someone as saying something, you repeat what they have written or said. [V n as ing] He quoted Mr Polay as saying that peace negotiations were already underway. [V n as ing] She… … English dictionary

Base Currency — The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency. For accounting purposes, a firm may use the base currency to represent all profits and losses. It is sometimes… … Investment dictionary

base currency — Applies mainly to international equities. currency in which gains or losses from operating an international portfolio are measured. Bloomberg Financial Dictionary * * * The currency that forms the base of a quotation, i.e. the denominator… … Financial and business terms

Base currency — In foreign exchange markets, the base currency is the first currency in a currency pair. The second currency is named the quote currency, counter currency or terms currency. Exchange rates are quoted in per unit of the base currency. Note that FX … Wikipedia

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quote the currency

Смотреть что такое «quote the currency» в других словарях:

Currency Pair: EUR/USD (Euro/U.S. Dollar) — The abbreviation for the euro and U.S. dollar (EUR/USD) pair or cross for the currencies of the European Union (EU) and the United States (USD). The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase… … Investment dictionary

Currency pair — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia

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Quote Currency

Kirsten Rohrs Schmitt is an accomplished professional editor, writer, proofreader, and fact-checker. She has expertise in finance, investing, real estate, and world history. Throughout her career, she has written and edited content for numerous consumer magazines and websites, crafted resumes and social media content for business owners, and created collateral for academia and nonprofits. Kirsten is also the founder and director of Your Best Edit; find her on LinkedIn and Facebook.

What Is a Quote Currency?

In foreign exchange (forex), the quote currency, commonly known as the counter currency, is the second currency in both a direct and indirect currency pair and is used to determine the value of the base currency.

In a direct quote, the quote currency is the foreign currency, while in an indirect quote, the quote currency is the domestic currency. The quote currency is listed after the base currency in the pair when currency exchange rates are quoted. One can determine how much of the quote currency they need to sell in order to purchase one unit of the first or base currency.

Key Takeaways

Understanding Quote Currency

Understanding the quotation and pricing structure of currencies is essential for anyone wanting to trade currencies in the forex market. Market makers tend to trade specific currency pairs in set ways, either direct or indirect, which means understanding the quote currency is paramount.

A currency pair’s exchange rate reflects how much of the quote currency is needed to be sold/bought to buy/sell one unit of the base currency. As the rate in a currency pair increases, the value of the quote currency is falling, whether the pair is direct or indirect.

For example, the cross rate between the U.S. dollar and the Canadian dollar is denoted as USD/CAD and is a direct quote. This means that the CAD is the quote currency, while the USD is the base currency. The CAD is used as a reference to determine the value of one USD. From a U.S.-centric point of view, the CAD is the foreign currency.

On the other hand, the EUR/USD denotes the cross rate between the euro and the U.S. dollar and is an indirect quote. This means that the EUR is the base currency and the USD is the quote currency. Here, the USD is the domestic currency and determines the value of one EUR.

Special Considerations

Currency pairs—both base and quote currencies—are affected by a number of different factors. Some of these include economic activity, the monetary and fiscal policy enacted by central banks, and interest rates.

Major currencies, such as the euro and U.S. dollar, are more likely to be the base currency rather than the quote currency in a currency pair, especially when it comes to trades in exotic currencies.

The most commonly traded currency pairs on the market in 2021 were:

As noted above, the first currency in these pairings is the base currency while the second one (after the slash) is the quote currency. In the GBP/USD pairing, the pound is the base currency or the one that is being purchased while the dollar is the quote currency. This is the one that is being sold.

Example of a Quote Currency

Let’s assume a trader wants to purchase £400 using U.S. dollars. This would involve a trade using the GBP/USD currency pair. In order to execute the trade, they need to figure out how many USD (the quote currency) they need to sell in order to get £400.

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