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What is 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.
 
In simple we can say the quote currency is the second currency in a currency pair. In forex trading, currencies are always paired and the quote currency is the currency you are paying with.
 
For example, in the GBP/USD currency pair, the quote currency is the US dollar (USD) and in USD/CHF, the quote currency is the Swiss Franc (CHF).

 
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