Foreign Exchange Glossary of terms used by banks and foreign currency brokers
A
Appreciation >> A currency appreciates when it strengthens in price.
Ask Rate >> Also known as the offer, this is the rate at which non-market makers can buy a particular currency.
Asset Allocation >> Investment practice that divides funds among different markets to achieve diversification for risk management purposes.
B
Bacs >> (Bankers Automated Clearing Services). The process for Sterling clearing for domestic banks. Usually takes 3...
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