The base currency is the first currency in a currency pair. The quote or term currency is the second currency in a currency pair.
For example, in the EURUSD currency pair, EUR is the base currency and USD is the quote currency.

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The base currency is the first currency in a currency pair. The quote or term currency is the second currency in a currency pair.
For example, in the EURUSD currency pair, EUR is the base currency and USD is the quote currency.