Base Currency Definition
The Base Currency is the first currency listed in a foreign exchange (FX) currency pair, representing the unit against which the second currency, the quote curr
The Base Currency is the first currency listed in a foreign exchange (FX) currency pair, representing the unit against which the second currency, the quote currency, is measured. It is the currency that is being bought or sold in a transaction, and its value is always implicitly one unit, meaning the exchange rate indicates how much of the quote currency is required to purchase one unit of the base currency.