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Forex Glossary: B |
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Back office: Settlement and related processes in a brokerage firm or financial institution.
Balance-of-Payments: System of recording a country's economic transactions.
Bank Notes: Paper issued by the central bank, redeemable as money and considered to be full legal tender.
Bar Chart: A charting method consisting of four significant points: the high and the low prices, which form the vertical bar; the opening price, which is marked with a horizontal line to the left of the bar; and the closing price, which is marked with a little horizontal line to the right of the bar.
Base Currency: Currency in which the operating results of the bank or institution are reported.
Base Price: One hundredth of a percentage point.
Bear Call Spread: A spread designed to exploit falling exchange rates by purchasing a call option with a high exercise price and selling one with a low exercise price.
Bear Put Spread: A spread designed to exploit falling exchange rates by purchasing a put option with a high exercise price and selling one with a low exercise price.
Bid-Offer Spread: The difference between the buy and sell price of a currency.
Bilateral Grid: An exchange rate system which links all of the central rates of the EMS currencies in terms of the ECU.
Bollinger Bands: A quantitative method combining a moving average with the instrument's volatility. The bands are designed to gauge whether the prices are high or low on relative basis and are plotted two standard deviations above and below a simple moving average. The bands look like an expanding and contracting envelope model.
Boris: Slang for Russian trading.
Breakaway gap: A price gap which occurs in the beginning of a new trend and often during the end of a long consolidation period. It may also appear after the completion of major chart formations.
Break-Even Point: The price of a financial instrument at which the option buyer recovers the premium.
Bretton Woods: The site of the 1944 conference that led to the establishment of the post war foreign exchange system that remained intact until the early 1970s. This conference resulted in the formation of the IMF and fixed currencies in a fixed exchange rate system with 1% fluctuations of the currency to gold or the dollar.
Broken Dates: Deals that are undertaken for value dates that are not the standard periods of time of 1 week, 2 weeks, 1,2,3,6, and 12 months. Also known as Odd Dates, Cock Dates, or Broken Period.
Broker: An agent who implements orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission or agents acting on their own account. In the foreign exchange market, brokers act as intermediaries between banks, bringing buyers and sellers together for a commission paid by either the initiator or both parties.
Buying Rate: Rate at which a bank is prepared to buy foreign exchange. Also known as the Bid Rate.
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| Symbol |
Rate |
| GBP:CHF |
1.747703 |
| GBP:JPY |
155.484239 |
| GBP:USD |
1.638403 |
| NZD:USD |
0.627050 |
| EUR:CAD |
1.545998 |
| EUR:CHF |
1.516857 |
| EUR:GBP |
0.867915 |
| EUR:JPY |
134.947096 |
| EUR:USD |
1.421994 |
| AUD:JPY |
76.394373 |
| AUD:USD |
0.805000 |
| USD:CAD |
1.087204 |
| USD:CHF |
1.066711 |
| USD:JPY |
94.899879 |
| USD:SEK |
7.613010 |
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Disclimer: This website is for informational purposes only and is not intended to provide
specific commercial, financial, investment, accounting, tax, or legal advice.
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History