Base currency

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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.
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Multiple base currencies chosen with specific needs in mind may help offset losses
Dollar fall a hard bargain for many expatriates
The fund has daily liquidity and is available in the base currencies of: EUR, GBP, HKD, SGD and USD.
HSBC launches global inflation linked bond fund
These currencies are commonly categorized as home currencies, base currencies and a reporting currency.
Empowering Global & Finance Departments. (International Accounting)
To cope, financial systems will need to be able to process several valid interchangeable base currencies and transaction currencies.
The multi-currency demands of euro
One of the world's largest currency managers, SSgA today manages more than CAD$83 billion in global currency portfolios (as of September 30, 2005) in all major base currencies.
State Street Global Advisors, Ltd. Wins CAD 870 Million Currency Hedging Mandate from the WCB - Alberta
This means that the person in the example has three base currencies.
The currency crunch
One of the world's largest currency managers, SSgA today manages more than US$65 billion in global currency portfolios (as of 30th June 2005) in all major base currencies.
State Street Global Advisors Germany Wins EUR 800 Million Currency Overlay Mandate from Sanofi Aventis
One of the world's largest currency managers, SSgA today manages more than GBP 36 billion in global currency portfolios (as of 31st March 2005) in all major base currencies.
State Street Global Advisors Wins GBP 75 Million Mandate from RAC
They are available in different share classes to accommodate investors with different base currencies and are available in unleveraged and leveraged classes.
GP Asset Management Names Peter Rajsingh Vice President Of Institutional Hedge Fund Products
Both have investment objectives seeking to achieve total returns in excess of 3-month LIBOR in their respective base currencies, after fees and expenses.
SSB Citi Asset Management Group Global Enhanced Income Funds Assigned "AAAf" Bond Fund Credit and "S1" Volatility Ratings by Standard & Poor's
Most systems, even those based on a client/server architecture, impose a limit of one or two base currencies per business unit.
PeopleSoft Announces Support for Europe's Economic & Monetary Union (EMU); Euro Poses Bigger Software Challenge than Year 2000
PeopleSoft 6 introduces the concept of support for an unlimited number of base currencies, through the multibook feature in PeopleSoft General Ledger.
PeopleSoft Launches Major New Release of Enterprise Solution; Global Functionality, New Products and Technology Delivered in PeopleSoft 6

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