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Community User Posted on 12:57pm 23-Nov-2019

What is base currency and quotation currency?

In the currency pair the first currency is referred to as base currency and second currency is called the quotation currency.
Let us explain with an example:
In the USDINR currency pair, USD is the base currency and INR is the quotation currency.
Please refer below table, for more detail on base currency and quotation currency:

Currency Pair

Base Currency

Quotation Currency


US Dollar

Indian Rupee



Indian Rupee


British Pound

Indian Rupee


Japanese Yen

Indian Rupee

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