base currency

base currency definition - business

base currency

The currency to which another currency is compared. For example, the dollar is the base currency when the euro is quoted at .80 euros to the dollar. The euro becomes the base currency if the quotation is 1.25 dollars to the euro.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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