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

Question

Quizplus · Accepted Answer

In foreign exchange markets, the base currency is typically the first currency listed in a currency pair. For the USD/AUD pair, the USD is the base currency, and the AUD is the quote currency. However, the question seems to have a typo with "AUDI" instead of "AUD". Assuming it refers to AUD, the base currency is USD.

When Quoting the Exchange Rate Between the USD and AUDI