In foreign exchange (forex), the quote currency, commonly known as the counter currency, is the second currency is both a direct and indirect currency pair and is used to determine the value of the base currency.

In a direct Quote, the Quote currency is the foreign currency, while in an indirect quote, the quote currency is the domestic currency. The quote currency is listed after the base currency in the pair when currency exchange rates are quoted. One can determine how much of the quote currency they need to sell in order to purchase one unit of the first or base currency.

The quote currency is the second most important factor in determining a country's exchange rate. It can be defined as when a pair of currencies have been quoted when they are exchanged. A quote currency is typically used in transactions where one party is in a country with a low interest, while the other party is in a country with a high interest.