Forex-Ask | Profile

Welcome, Guest

Forex Trading What is the definition of base currency?

Question by: Carly - 28 Jan 2013, 05:44:32

What is the definition of base currency?

<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>

Answers (3)

Answer by: Stallion - 29 Jan 2013, 05:45:51

The first currency quoted in a currency pair on forex.

Answer by: bulletprooof - 30 Jan 2013, 05:44:18

The first one to be paired. USD/JPY, USD is the base currency here.

Answer by: Jeremy - 21 Apr 2015, 04:45:40

For accounting purposes, a firm may use the base currency to represent all profits and losses.

<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>

Answer the question