Associated with
Arsal Khan
Posted Mar 1, 2022
•
6 min read
Source Currency - What Is Source Currency?
A source currency or the base or primary currency is the currency denomination exchanged to obtain the currency of some other country or region. For instance, if you have some money saved up in U.S. dollars, $100, and you want to convert it into Indian Rupees (INR) because you are going on a trip there, you will need to know the foreign exchange rate or what 100 USD equals to INR. Therefore, the U.S. dollars you have in hand are the "source currency" or the currency that needs to be exchanged.
With currencylayer, you can get real-time information about current and historical currency exchange at your fingertips.
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