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General TradingC
Counter Currency
The counter currency, also known as the quote currency, is the second currency listed in a forex currency pair. In the pair EUR/USD, for example, USD is the counter currency, and the exchange rate indicates how much of the counter currency is needed to purchase one unit of the base currency.
Example
“In the USD/JPY pair, the Japanese yen is the counter currency, so a quote of 150.25 means one US dollar buys 150.25 yen.”