Quote Currency: The second currency in a pair in which the value of one unit of the base currency is expressed. Understanding the dynamics between these two currencies is essential for trading ...

Traders use the currency pair to determine how much of the quote currency is needed for them to purchase one unit of the base currency. The U.S. dollar, or USD, is one of the most common base ...

On purchasing a currency pair, you receive the base currency and sell the other one. Similarly, as a trader sells a currency pair, they sell the base currency and receive the second (quote) currency.

The base currency is the first currency listed in the pair, and it's the amount you'll receive for a specific amount of the quote currency, which is the second part of the pair.

When it comes to trading forex pairs, there’s always a base and quote currency. The pair results from a price comparison of the base and quote currency, which indicates the needed amount of the ...

Some currency quotes do not have a U.S. dollar in the pair. This is called a cross currency, and this allows one foreign currency to be traded for another without the need to exchange the currency ...

The pair is followed by a price quote – the amount of quote currency it would take to buy one unit of the base currency. If EUR/USD = 1.14282, for example, a trader could purchase €1 for $1.14282.

Trading EUR/USD EUR/USD is the most traded forex pair in the world. It holds the euro as the base currency and the US dollar as the quote currency, so the price represents how many dollars you’d need ...

Currency volatility, often measured by calculating the standard deviation or variance of currency price movements, gives traders an idea of how much a currency might move relative to its average over ...