westpac.co.nz

Website:http://westpac.co.nz
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Definitions (44)

1

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ask


Also known as the offer, it's the price a seller is willing to sell at. 
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base currency


The currency used as the base to quote a pair. For instance in the EURUSD pair, the EUR is the base currency, in the USDJPY, the USD is the base.
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bear


Someone who believes the prices/market will decline. 
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bear market


A market in which prices decline sharply against a background of widespread pessimism (opposite of Bull Market). 
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bid


The price at which a trader will buy a currency. 
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bid/ask spread


See 'Spread' 
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broker


An agent who handles investors' orders to buy and sell currency.
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bull market


A market characterised by rising prices. 
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cable


Dealers slang for the Sterling/US Dollar exchange rate.
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call rate


The overnight interbank interest rate. 
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