Base currency
Also written BC · Base currency (BC)
The currency that is priced, whose amount is fixed generally at one unit, and which is written first in a currency pair.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series I← All terms