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BlogWhat is Quote Currency in forex trading?
The second currency in a currency pair. In EUR/USD, the USD is the quote currency. The price represents how much quote currency is needed for one unit of base currency.
What this looks like across the brokers we track
Across the 42 brokers BrokerAnalysis tracks, the median EUR/USD spread is 0.5 pips, ranging from 0.0 to 1.5 pips, with 36 figures taken from the broker's own published specification.
Measured across 42 entities in the BrokerAnalysis dataset. See the full broker comparison
Detailed Explanation
In EUR/USD, the USD is the quote currency. The price represents how much quote currency is needed for one unit of base currency.
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