Tags: base currency
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Base Currency
The base currency is the first currency in any currency pair. It shows how much the base currency is worth as measured against the second currency. In the Forex markets, the USD is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of 1 USD per the other currency quoted in the Forex currency pair. The primary exceptions to this rule are the GBP, the EUR and the AUD.
