Definition
The price of one currency (the base) quoted in another (the quote). The first currency is the base and the second is the quote.
Example
EURUSD = 1.0850 means one euro costs 1.0850 US dollars.
Related terms
Forex glossary
The price of one currency (the base) quoted in another (the quote). The first currency is the base and the second is the quote.
EURUSD = 1.0850 means one euro costs 1.0850 US dollars.