Skip to main content
Currency

Base Currency

In the realm of finance, we often come across the term "base currency" when discussing currency pairs. In simple terms, the base currency is the first currency listed in a pair, and it represents the value of that currency against the second currency. For instance, if we take the USD/INR pair with a value of 74.57, it indicates that one US dollar is equivalent to 74.57 Indian rupees. Understanding the concept of base currency is crucial in comprehending the dynamics of currency exchange.

Related terms

Broker

Understand the meaning and definition of Broker in the context of stock market, trading, and investments.

MORE
Market rate

Understand the meaning and definition of Market rate in the context of stock market, trading, and investments.

MORE
Interest rate Carry

Understand the meaning and definition of Interest rate Carry in the context of stock market, trading, and investments.

MORE
Currency Pair

Understand the meaning and definition of Currency Pair in the context of stock market, trading, and investments.

MORE
Pip

Understand the meaning and definition of Pip in the context of stock market, trading, and investments.

MORE
Big Figure

Understand the meaning and definition of Big Figure in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91