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Glossary

Base currency

Definition

In forex, this is the currency that the investor buys or sells. For example, in EURUSD the base currency is EUR, which means one unit of EUR is worth a variable amount of USD. When you buy EUR, you pay with USD, and when you sell EUR you receive USD. The other currency (USD in the example) is called the variable currency.

Related Items

Counter currency Exchange rate Foreign exchange trading Currency trading
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