What is a quote currency?

It shows how much of the quote currency you need to get one unit of the base currency. For example, for the currency pair JPY/USD, the Japanese yen is the base, and the US dollar is the quote currency. The value of the base currency is always 1. The quote currency (also known as counter currency) is the second one in a currency pair.

What is the value of a base currency?

The value of the base currency is always 1. The quote currency (also known as counter currency) is the second one in a currency pair. It helps assess the value of the base currency. Currency quotes tell you how much of the quote currency is needed to exchange for one unit of the base currency. What is an example of a base currency?

What is the difference between a base and a quote currency?

The first listed currency within a currency pair is called the base, while the second currency that is the benchmark is called the quote. Currency pairs are meant to be compared against one another in order to understand how much of the quote currency is required to buy one unit of the base currency.