Base Currency

Release date: 2020-04-15 10:46
Refers to the first currency in a forex quote, for example in EUR/USD currency pair a base currency is EUR. Base currency is always equal to 1 unit, and the price indicates how much of the second (quote) currency is required to buy or sell it. When for EUR/USD currency pair Bid price is listed as 1.13666, it means that 1 EUR is equal to 1.13666 USD.