Glossary › base currency

Trading glossary · markets

base currency

The first money named in a price like EUR/USD. The number tells you how much of the second money buys one of it.

The fuller meaning

The first currency in a forex quote; the rate shows how many units of the quote currency one unit of the base costs. In EUR/USD at 1.1000, the euro is the base and costs 1.10 US dollars. Forex lot sizes are counted in units of the base currency.

base currency.

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