Quote Currency
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Definition of 'Quote Currency'
The quote currency is the currency in which the price of a financial instrument is quoted. For example, if the price of a stock is quoted in US dollars, then the quote currency is USD.
The quote currency is important because it determines how the price of the instrument is expressed. For example, if the price of a stock is quoted in USD, then a price of 100 means that the stock is worth 100 US dollars. However, if the price of the stock is quoted in EUR, then a price of 100 means that the stock is worth 100 euros.
The quote currency is also important because it determines how the price of the instrument is affected by changes in exchange rates. For example, if the price of a stock is quoted in USD and the exchange rate between USD and EUR changes, then the price of the stock in EUR will also change.
In general, it is important to be aware of the quote currency when trading financial instruments. This is because the quote currency can have a significant impact on the price of the instrument and its performance.
The quote currency is important because it determines how the price of the instrument is expressed. For example, if the price of a stock is quoted in USD, then a price of 100 means that the stock is worth 100 US dollars. However, if the price of the stock is quoted in EUR, then a price of 100 means that the stock is worth 100 euros.
The quote currency is also important because it determines how the price of the instrument is affected by changes in exchange rates. For example, if the price of a stock is quoted in USD and the exchange rate between USD and EUR changes, then the price of the stock in EUR will also change.
In general, it is important to be aware of the quote currency when trading financial instruments. This is because the quote currency can have a significant impact on the price of the instrument and its performance.
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