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.

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.