Currency quotes show the exchange rate between two currencies which is also the price of a currency pair. They are usually written out like USD/EUR 1.3456

The second currency quoted in a currency pair in forex. In a direct quote, the quote currency is the foreign currency. In an indirect quote, the quote currency is the domestic currency.

The second currency in a currency pair, for which a client is able to sell/buy a base currency.

The second currency to appear in a currency pair. In currency trading, all currencies are paired.