Counter Currency Definition | CFI LB

counter currency

The counter currency, otherwise known as the quote currency, is the second currency listed within a currency pair.


When a trader buys a currency pair, they are selling the counter currency and if they are selling a currency pair, they are buying the counter currency.


The unit of measurement to determine the change in value between the base and the counter currency is referred to as a [pip].


Key takeaways:

  • Counter currency is also known as the quote currency.
  • Counter currency is the second currency that is listed in a currency pair.
  • The counter, or quote, currency determines how many units of that currency are needed to buy one unit of the base currency.
  • A pip is the unit of measurement used to determine the change in value between the base and the counter currencies.
CFI Financial Group is an award winning global financial markets provider with over 23 years of experience and regulated entities in several jurisdictions, focused on offering impeccable execution and trading conditions including very low spreads, professional services, dedicated support and powerful tools.
CFI Financial Group has regulated subsidiaries in
London • Larnaca • Beirut • Amman • Dubai • Port Louis
Credit Financier Invest - CFI LEBANON
BDL no. 40
Ellipse Center 3rd floor, Charles
Malek Avenue, Achrafieh

CFI provides execution-only services and does not provide any investment advice. To make an investment decision, you cannot rely on the content of this website, or on any information, opinion, report or other materials (“Information”) you receive from CFI, or its representatives. Such Information is general and does not consider your objectives and your financial situation, thus they shall not be considered in any way as an express or implied promise nor a guarantee of any profit or limit of loss. CFI shall not bear any liability in case you used or relied on such Information. Please ensure that you make your own research and seek independent advice if necessary.

Forex and CFDs are leveraged products that incur a high level of risk. A small adverse market movement may expose the client to lose the entire invested capital. The majority of retail client accounts lose money when trading in CFDs. Please be aware of trading risks and that you could sustain a loss exceeding your deposited funds, even if a stop loss is used.

CFI Lebanon is regulated by the Banque du Liban and the Capital Markets Authority

The Best Online Financial Trading Services, Middle East, 2020
Entrepreneur Magazine

Please publish modules in offcanvas position.