base currency

Applies mainly to international equities. currency in which gains or losses from operating an international portfolio are measured. Bloomberg Financial Dictionary

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   The currency that forms the base of a quotation, i.e. the denominator expressed as a unit of one (or sometimes a hundred). For example, the base currency in a US dollar/euro quotation is the dollar, whereas the base currency in the dollar/sterling quote is the pound.

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base currency UK US noun [C]
FINANCE the first currency that is mentioned in a pair of currencies that are being traded: »

If you buy a currency pair, you buy the base currency and sell the quote currency.

See also CURRENCY PAIR(Cf. ↑currency pair)

Financial and business terms. 2012.

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