The base currency is the first currency listed in a pair and the one the price refers to. Buying a pair means buying the base currency and selling the quote currency; the quoted price tells you how much quote currency one unit of the base costs.
Forex Term
Base Currency
The first currency in a pair — the one you buy or sell.
Example
In EUR/USD, the euro (EUR) is the base currency.
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Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.