What are base and quote/term currencies? Posted On November 5, 2020 The base currency is the first currency in a currency pair. The quote or term currency is the second currency in a currency pair. For example, in the EURUSD currency pair, EUR is the base currency and USD is the quote currency. Related Posts How do I calculate the profit and loss value per pip? Where Can I Learn more About Forex Trading What Does Pip Stand For And What Does It Mean? About The Author saqibkhan Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Save my name, email, and website in this browser for the next time I comment.