What is Base and quote currency?
Currencies (forex)In a pair like EUR/USD, the first currency (EUR) is the base and the second (USD) is the quote. The price is how much quote currency buys one unit of base.
Think of it like: The thing you buy, and the money you pay with.
Real example: EUR/USD = 1.10 means you pay 1.10 dollars for 1 euro.
Lesson: Why currencies move Practise it now: Headline Reflex