Accounting: The Domestic Currency from which gains and losses are calculated for international operations or portfolios.forex Trading: The currency from which a Forex exchange rate is derived. In a currency pair, the base currency is listed first and given a value of 1 in order to determine the exchange rate.
Browse by Subjects
equilibrium exchange rate
dual currency bond
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):