Base currency
Base currency - The first currency in a currency pair. In the currency pair EUR/USD, the Base Currency is the EUR. When entering a contract with Trading System, the base currency remains constant at a contracted lot value amount. For example, if a lot is 100,000, the customer who transacts to buy 1 lot of EUR/USD at a currency rate of .9600 would be contracting to exchange 100,000 EUR for $96,000 USD.
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