base currency

/'beɪs ˌkʌrənsi/ noun
a currency against which exchange rates of other currencies are quoted
turnover increased by 200%, but starting from a low base

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • base currency — UK US noun [countable] [singular base currency plural base currencies] business a currency that a business uses in its accounts and for buying and selling Thesaurus: accounts, accountancy and accountants …   Useful english dictionary

  • Base currency — In foreign exchange markets, the base currency is the first currency in a currency pair. The second currency is named the quote currency, counter currency or terms currency. Exchange rates are quoted in per unit of the base currency. Note that FX …   Wikipedia

  • base currency — Applies mainly to international equities. currency in which gains or losses from operating an international portfolio are measured. Bloomberg Financial Dictionary * * *    The currency that forms the base of a quotation, i.e. the denominator… …   Financial and business terms

  • Base Currency — The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency. For accounting purposes, a firm may use the base currency to represent all profits and losses. It is sometimes… …   Investment dictionary

  • base currency — UK / US noun [countable] Word forms base currency : singular base currency plural base currencies business a currency that a business uses in its accounts and for buying and selling …   English dictionary

  • base currency — The currency used as the basis for an exchange rate, i.e. a foreign currency rate of exchange is quoted per single unit of the base currency, usually US dollars …   Accounting dictionary

  • base currency — The currency used as the basis for an exchange rate, i. e. a foreign currency rate of exchange is quoted per single unit of the base currency, usually US dollars …   Big dictionary of business and management

  • Base currency —   Currency in which general ledger and P/L accounts are maintained as decided upon by the branch. Usually local currency, except for off shore branches …   International financial encyclopaedia

  • base currency — Fin the currency used for measuring the return on an investment …   The ultimate business dictionary

  • currency pair — ˈcurrency ˌpair noun [countable] FINANCE the relationship between the value of two different currencies which are being bought and sold on a foreign exchange market: • By far the most actively traded currency pair is euro/​dollar ( EUR/​USD),… …   Financial and business terms

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