Glossary term
Quoted Currency
Quoted currency refers to the second currency in a currency pair, which indicates how much of that currency is needed to buy one unit of the base currency. For example, in USD/INR, INR is the quoted currency. It helps determine the value of the base currency and plays a key role in understanding exchange rates in forex transactions.
Related Forex terms
Most searched / Popular terms
Abroad Travel CurrencyAdvance RemittanceAnti-Money Laundering (AML)Authorized Money Changer (AMC)Automated Currency ExchangeBank Wire TransferBase CurrencyBid Exchange RateBilateral Currency ExchangeBuy Foreign CurrencyCash RemittanceCross-Border PaymentsCurrency ConversionCurrency MarginCurrency PairDemand DraftDigital Money TransferDomestic Forex LimitDoorstep Currency DeliveryDouble Currency ConversionE-Remittance ServicesElectronic Funds TransferExchange MarginExchange RateExternal RemittanceForeign ExchangeForeign RemittanceForex CardForex HedgingForward Exchange ContractGeneral Currency MarginGlobal Payment SolutionsGlobal RemittanceGovernment Forex RegulationsGuaranteed Exchange RateHedge Ratio