When buying or going long on a currency pair with IG, the base currency is the single unit being bought.

It is also known as the primary currency. The second currency in the pair is known as the quote or the counter currency , and represents the amount of that particular currency needed to buy a single unit of the base currency.

If it is trading at 1. The base currency on IG's platform refers to your account currency, or the main currency you chose to operate in when you open your IG account. Spread bets and CFDs are leveraged products and can result in losses that exceed deposits. The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in.

Please ensure you fully understand the risks and take care to manage your exposure. CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd.

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Currency pair - Wikipedia

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Base currency definition All trading involves risk.

Base currency explained In trading the term base currency has two main definitions: The base currency is the first currency quoted in a forex pair: The accounting currency used by banks and other businesses, which is usually the domestic currency of the country the company is operating in. With IG The base currency on IG's platform refers to your account currency, or the main currency you chose to operate in when you open your IG account.

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