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Quote Currency

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Quote Currency
In foreign exchange, the second currency listed in a currency pair. Normally, it is a foreign currency, as one usually calculates the quote currency in terms of the domestic currency.

The quote currency is expressed in terms of the base currency when calculating exchange rates. For example, if one is calculating the exchange rate of the U.S. dollar to the British pound and the pound is the base currency, it is expressed as GBPUSD and read as "dollars per one pound."
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If you''re quoting the frequencies as the EUR/USD, then it will indicate that the EURO is a base currency and the USD is the quote currency.
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The second one is referred to as quote currency and its value keep changing, telling you how much amount (of the second currency) you will need to buy one unit of the base currency.
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The first currency of each currency pair is referred as the base currency, while second currency is referred as the counter or quote currency.
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