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Base Currency |
Also found in: Wikipedia | 0.60 sec. |
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Base currency Applies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured. Base Currency In foreign exchange, the first currency listed in a currency pair. Normally, it is either the domestic currency or the dominant forex currency. Firms dealing in multiple currencies calculate all profits and losses in the base currency. The base currency is assigned the value of 1 when calculating exchange rates. For example, if one is calculating the exchange rate of the U.S. dollar to the British pound and the pound is the base currency, it is expressed as GBPUSD and read as "dollars per one pound." See also: quote currency. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The local expenses are converted into the base currency for organization-wide analysis, planning and management. Cross correlations is caused by the common components induced by the numeraire country's base currency and price index. If an investment is denominated in a currency other than your base currency, changes in the rate of exchange may have an adverse effect on value, price or income. |
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