base currency

Definitions

Accounting

• noun a currency against which exchange rates of other currencies are quoted

Forex

• (written as Base Currency)

  Accounting: The domestic currency from which gains and losses are calculated for international operations or portfolios.

  Forex Trading: The currency from which a Forex exchange rate is derived. In a currency pair, the base currency is listed first and given a value of 1 in order to determine the exchange rate.

Nearby Definitions of “base currency”

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Contexts for “base currency”

2 definitions in context
• Accounting
• Forex