base currency definition
base currency meaning , define base currency
Definition of base currency in forex, dictionary/glossary
| » Definition base currency |
| base currency — is the first currency in a currency pair. A quote shows how much the base currency is worth in the quote (second) currency. For example, in the quote — USD/JPY 112.13 — US dollars are the base currency, with 1 US dollar being worth 112.13 Japanese yen. ;; Base currency – currency unit in which an account, balances, commission fees and payments are nominated and calculated. |
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