This is the value of the second currency in a currency pair (see). If you open a transaction on the Forex market (see), each time you buy or sell, in a currency pair the base currency (see) is the first number and the second of the pair is the quote currency. For example, in the currency pair EUR / USD (euro / dollar), USD is thequote currency. This means that one euro will cost a certain number of dollars. For example, if the EUR / USD rate is 1.2264, it means that for 1 euro you can buy 1.2264 dollars.