In forex, a quote is typically given as a pair of prices (bid/ask) for a currency pair at a moment in time. For instance, a EUR/USD quote of 1.2000/1.2003 means 1.2000 is the bid (sell) price and 1.2003 is the ask (buy) price. Traders see continuously updating quotes via their broker’s platform. (Note: This term is included for clarity – see Bid/Ask Spread and Bid/Ask Price for more.)

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