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HomeRight Arrow TerminologyRight Arrow Quote Currency

Quote Currency

Description

The second currency in a currency pair, representing how much of it is needed to buy one unit of the base currency. For example, in the EUR/USD pair, USD is the quote currency, meaning the exchange rate shows how many US dollars are needed to buy one euro.

Read more: Jamie Dimon Sounds the Alarm on US Stagflation – What Should Investors Know? 

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