Base currency (基准货币 jī zhǔn huò bì) is the first currency that appears in a forex pair quotation. In the foreign exchange market, one currency will always be quoted in relation to another because investors are buying one while selling the other.
Part 1: Breakdown of Words
- “Base” (基准 jī zhǔn) derives from:
- “Currency” (货币 huò bì) derives from:
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