The first currency in a currency pair. It shows how much the base currency is worth as measured against the second currency. For example, if the USD/CHF (U.S. Dollar/Swiss Franc) rate equals 1.6215, then one USD is worth CHF 1.6215. In the forex market, the US dollar 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 pair. The primary exceptions to this rule are the British pound, the euro and the Australian dollar.« Back to Glossary Index
- Introducing Broker Program
- Metatrader White Label
- How To Use MetaTrader 4 (MT4)?
- How a Forex PAMM Account Works
- What is MetaTrader 4 (MT4)?
- STP Forex Brokers
- What are the most traded currency pairs?
- Difference between Spread Betting and CFDs Trading
- Bitcoin Trading Strategies
- 4 Types Of Trading Strategies
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