cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all

Base Currency

BBack

Back to Glossary

Description

The first currency listed in a currency pair, used as the standard for quoting.

The base currency is the first currency listed in a currency pair, serving as the standard for quoting exchange rates. Understanding the base currency is crucial for forex trading, as it dictates how exchange rates are interpreted; for instance, if USD is the base in USD/EUR, you’re looking at how many Euros one US Dollar buys.

Start Trading in 3 Simple Steps

1
REGISTER

Open a live account and start trading in just minutes.

2
FUND

Fund your account using a wide range of funding methods.

3
TRADE

Access 1000+ instruments across all asset classes

open chat
close chat