The second currency in a currency pair. In a currency exchange, the exchange rate is quoted as the units of the counter currency in terms of a single unit of a base currency. For example, in a currency exchange of Japanese Yen for British pounds, the Yen is the counter currency. also called quote currency or terms currency.
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Definition of counter currency: The second currency in a currency pair. In a currency exchange, the exchange rate is quoted as the units of the counter currency ...
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The second currency in the pair is called the counter currency, or the secondary currency. Most important for you as an FX trader, the counter currency is the ...
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