Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en. Important Notice: IG Markets South Africa will no longer provide Trading Accounts. This change does not affect existing International/offshore accounts. New applications will be supported by IG International, part of IG Group, via https://www.ig.com/en.

Quote currency definition

The quote currency is the second currency listed in a forex pair. It is also known as the counter currency.

The price of a forex pair reflects how much it costs to purchase one unit of the base currency by selling the quote currency.

In a pair listed as GBP/USD, USD is the quote currency. In EUR/CHF, CHF is the quote currency. The first currency listed is referred to as the base currency; GBP and EUR would be the respective base currencies for the above examples.

Quote currency example

If GBP/USD is at 1.5000, for instance, then one British pound is equal in price to $1.5000. If the base currency (the pound) increases in value or the quote currency (dollar) drops, the amount of dollars needed to buy one pound will increase. If the base drops in value or the quote increases, the opposite effect will occur.

A - B - C - D - E - F - G - H - I - L - M - N - O - P - Q - R - S - T - U - V - W - Y

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IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in order to utilise their foreign investment allowance should the South African resident wish to open an offshore account with IG Markets Limited.

IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. IG Markets South Africa Limited is an authorised financial services provider (FSP No 41393). Whilst IG Markets South Africa Limited is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

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Quote currency definition

Quote currency example

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