base currency

"The currency a business uses to record all transactions in their ledgers, or the primary currency in which they transact with their bank. The base currency is also commonly referred to as the billing currency, functional currency, or booking currency of a business. The Order Processing pipeline always processes orders using the base currency of the Web site. The base currency can be different than the buyer currency and the supplier currency. The base currency is stored in the billing_currency field in the orderform header."
عملة أساسية

English-Arabic terms dictionary. 2015.

Look at other dictionaries:

  • base currency — UK US noun [countable] [singular base currency plural base currencies] business a currency that a business uses in its accounts and for buying and selling Thesaurus: accounts, accountancy and accountants …   Useful english dictionary

  • Base currency — In foreign exchange markets, the base currency is the first currency in a currency pair. The second currency is named the quote currency, counter currency or terms currency. Exchange rates are quoted in per unit of the base currency. Note that FX …   Wikipedia

  • base currency — Applies mainly to international equities. currency in which gains or losses from operating an international portfolio are measured. Bloomberg Financial Dictionary * * *    The currency that forms the base of a quotation, i.e. the denominator… …   Financial and business terms

  • Base Currency — The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency. For accounting purposes, a firm may use the base currency to represent all profits and losses. It is sometimes… …   Investment dictionary

  • base currency — UK / US noun [countable] Word forms base currency : singular base currency plural base currencies business a currency that a business uses in its accounts and for buying and selling …   English dictionary

  • base currency — The currency used as the basis for an exchange rate, i.e. a foreign currency rate of exchange is quoted per single unit of the base currency, usually US dollars …   Accounting dictionary

  • base currency — The currency used as the basis for an exchange rate, i. e. a foreign currency rate of exchange is quoted per single unit of the base currency, usually US dollars …   Big dictionary of business and management

  • Base currency —   Currency in which general ledger and P/L accounts are maintained as decided upon by the branch. Usually local currency, except for off shore branches …   International financial encyclopaedia

  • base currency — / beɪs ˌkʌrənsi/ noun a currency against which exchange rates of other currencies are quoted ● turnover increased by 200%, but starting from a low base …   Dictionary of banking and finance

  • base currency — Fin the currency used for measuring the return on an investment …   The ultimate business dictionary

  • currency pair — ˈcurrency ˌpair noun [countable] FINANCE the relationship between the value of two different currencies which are being bought and sold on a foreign exchange market: • By far the most actively traded currency pair is euro/​dollar ( EUR/​USD),… …   Financial and business terms

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