Forex glossary
What is a base currency?
The first currency in a pair, for example EUR in EUR/USD. The quote shows how much of the second currency one unit of it costs.
Definition
Base currency: The first currency in a pair, for example EUR in EUR/USD. The quote shows how much of the second currency one unit of it costs.
In context
When you buy a pair, you effectively hold the base currency and borrow the quote.
From the lesson Swap and Rollover.
Lessons that cover Base currency
Forex 101 · 6 min
Currency Pairs: Base vs Quote
How to read EUR/USD = 1.0850 without your brain melting.
Forex 101 · 4 min
Swap and Rollover
The overnight interest you earn or pay for holding trades.