Why it matters
Pip values are naturally expressed in the quote currency. If your account is in a different currency, the platform converts your profit or loss at the current exchange rate.
Forex glossary
What Is Quote currency in Forex Trading?
Definition
The second currency in a currency pair. Profits and losses are first calculated in the quote currency.
Updated
SaveRelated terms
- Base currency
- The first currency in a currency pair. The quote shows the price of one unit of the base currency.
- Currency pair
- Two currencies quoted against each other, such as EUR/USD. The price shows how much of the second currency buys one unit of the first.