Glossary
- b (price addendum)
- B-shares
- Backwardation
- Balance-sheet analysis
- Bar chart
- Base currency
- Base interest rate
- Basis point
- Basis trade
- Basket certificate
- bB (price addendum)
- Bear Call Spread
- Bear flag
- Bear market
- Bear trap
- Bearer share
- Bears
- Benchmark
- Beta factor
- bG (price addendum)
- Bid
- Bid price
- Bid-ask spread
- Black-Scholes model
- Blue chips
- Bobl Future
- Bodies of the stock exchange
- Bond
- Bond index
- Bonus
- Bonus certificate
- Bonus shares
- Bonus thresholt
- Book-building
- Bookbuilding range
- Börsenordnung (Stock Exchange Rules and Regulations)
- Börsenrat (Exchange Council)
- Break-even point (warrants)
- Breakout gap
- Bridge capital
- Broker
- Brokerage commission
- Bund Future
- Bundesanstalt für Finanzdienstleistungsaufsicht (BAFin)
- Business angel
- Business plan
- Buyback
Base currency
Listed first currency of a currency pair.
Exchange rates of different currencies are represented as currency pairs. The listed first currency of such a currency pair is the base currency, the second is called the quote currency.
The price of the currency pair indicates how many units of the quote currency are required to buy one unit of the base currency.
Investors who engage in FX trading buy the base currency and, at the same time, sell the quote currency. Using the example of the euro and US dollar: at the exchange rate of EUR 1 = USD 1.30, the euro is the base currency while the US dollar represents the quote currency exchange. Investors wishing to buy one euro have to sell USD 1.30.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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