referencecurrency
nounA reference currency is the main money that people use to compare the value of other money.
The US dollar is often used as a reference currency when comparing prices around the world.
OTHER MEANINGS
2. The currency in which a company keeps its accounting records and reports its financial results.
The multinational reports all its earnings in euros, its reference currency.
3. The currency used as the fixed standard when quoting the price of a commodity such as gold or oil.
Gold is priced in dollars, making the dollar the reference currency for the gold market.
4. The currency against which a fund or index measures its performance.
The fund's returns are calculated in its reference currency, the Swiss franc.
5. In a currency pair, the second currency that shows how much one unit of the first currency is worth.
In the pair EUR/USD, the dollar acts as the reference currency.