Betting Exchange Glossary

Also known as an offer, it is the price at which a trader will buy a currency or a seller is willing to sell.

The currency used as the base to quote a pair.

In the case of a pair described as EURUSD, the EUR is the base currency; in the USDGBP, the USD is the base.

Easily convertible currency that can be freely exchanged for other currencies (or gold) without special authorization from a central bank.

The price, or rate, that a willing seller is prepared to sell at. See also Ask.