Ask Price
The ask price (right quote display) is the price at which traders can buy the base currency. If you think that the EUR value will increase then you can choose to buy it for USD at the price displayed in the ask quote.
See also Bid Price
Aussie
Dealer slang for the AUD/USD currency pair.
See also Currency Pair
Base Currency
The base currency is the first currency listed in any currency pair. Its value is determined against the counter currency’s value. For example, if the rate of the EUR/USD pair is 1.3525, then the EUR is the base currency and it is worth 1.3525 USD.
See also Counter Currency, Currency Pair, Rate
Bear
A Bear market is a pessimistic market with declining prices.
See also Bull
Bid Price
The bid price (left quote display) is the price at which traders can sell the base currency. If you think that the EUR value will decrease then you can choose to sell it for USD at the price displayed in the bid quote.
See also Ask Price
Bull
A Bull market is an optimistic market with rising prices.
See also Bear
Buy Price
See Ask Price
Cable
Also known as Sterling. Dealer slang for the GPB/USD currency pair.
See also Currency Pair
Counter Currency
The counter currency is the second currency in any currency pair. Its value is determined against the base currency’s value. For example, in the following currency pair EUR/USD, the counter currency is USD.
See also Base Currency
Cross Rate
A price quote consisting of any currency quoted against a currency that is not the USD. The quote is made up of the individual exchange rates of the two currencies against the USD.
See also Dollar Rate
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