Forex glossary

Base currency in Forex

A clear definition of Base currency, with practical context for reading markets and making better trading decisions.

Level 1 · Understand the MarketCurrency & pricing

Definition

The first currency in a pair: the one single unit being priced.

In GBP/USD, GBP is the base currency.

Understanding Base currency helps traders interpret market information, plan decisions, and manage risk with more context.

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