Definitions
In plain terms
Local asset values are converted into the base currency before they can be added consistently.
Technical
The contract identifies currency code, conversion direction, FX source and timestamp, holiday policy, triangulation, rounding, and methodology version.
Scope
Base currency does not remove currency risk and can differ from each instrument's trading or denomination currency.
Examples
- A governed methodology records base currency with its source, cutoff, units, parameters, and effective version.
Common misconceptions
- Base Currency does not have one universal implementation without the declared methodology, data basis, and constraints.
Concept relationships
Contrasts with
Required by
Where this concept is used
Evidence and governance
- FTSE Currency Hedging Methodology Overview FTSE Russell, London Stock Exchange Group · first party methodology
Supports: preferred label, short definition, technical definition
Limits: Production rates, holidays, currencies, tenors, and calculation details require the full applicable methodology and data licenses.
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: variant distinction
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-batch-004
- Last reviewed
- 2026-07-27
- Next review
- 2027-07-27
- Record status
- evidence reviewed
This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.