basevaluutasta
A base currency is the currency in which an individual or entity primarily operates or holds its financial records. It serves as a reference point for measuring the value of other currencies or assets. For example, if a company's financial statements are reported in US dollars, then the US dollar is its base currency. When transactions occur in different currencies, they are converted to the base currency for accounting purposes.
The choice of a base currency can significantly impact financial reporting, especially in businesses with international
For individuals, the base currency is often the currency of the country where they reside and conduct
In the context of foreign exchange markets, the term "base currency" also refers to the first currency