When quoting the exchange rate between the EUR and AUDI which is conventionally the base currency?
A) EUR
B) AUD
C) Depends on whether the price is being quoted in Europe or Australia
D) Depends on whether the price is being quoted interbank or to a customer

Question

Quizplus · Accepted Answer

Conventionally, the base currency is the currency against which other currencies are quoted. In this case, the EUR is typically the base currency when quoting the exchange rate between EUR and AUD.

When Quoting the Exchange Rate Between the EUR and AUDI