Bank
Rate: The rate at which the central bank
of a country lends money to the country's commercial banks.
Base Currency: This is the first currency in the currency pair.
Basis Point: This is also called a Pip. It has a value of 0.0001.
BBD: Currency
code for Barbados Dollar. It is made up of 100 cents.
BDT: Currency
code for Bangladesh taka. It is made up of 100 poisha.
BGN: Currency
code for Bulgarian lev. It is made up of 100 stotinki.
BHD: Currency
code for Bahraini dinar. It is made up of 1000 fuloos (plural for fils) and
represented with the symbol BD. It is also a highly valued currency in the
world.
Bid Price: This
is the price at which the buyers are willing to buy the base currency.
Bid/Ask Spread: The difference between the bid price and the ask price is
called the bid/ask spread. Alternatively it is the difference between the price
at which the sellers are willing to sell the base currency and the price at
which the buyers are willing to buy the base currency.
BIF: Currency
code for Burundi franc. It is made up of 100 centimes.
BitCoin:
It is a digital currency which was created in 2009. It allows its users to make
payments and trades at very low cost.
BMD: Currency
code for Bermudian dollar. It is made up of 100 cents.
BND: Currency
code for Brunei dollar. It is made up of 100 sen (cents in English). It is
pegged to Singapore dollar 1:1 and known as "ringgit Brunei" in Malay
language.
BOB: Currency
code for Bolivian Boliviano. It is made up of 100 centavos.
Broker: A market participant who acts as a middleman between the
retail traders and large financial institutions.
BRL: Currency code for Brazilian Rial. It is made up of 100 centavos.
BSD: Currency
code for Bahamian dollar. It is made up of 100 cents.
BTN: Currency
code for Bhutanese Ngultrum. It is made up of 100 chhertum and represented with
a symbol Nu.
BWP: Currency
code for Botswana pula. It is made up of 100 thebe and represented with a
symbol P.
BZD: Currency
code for Belize dollar. It is made up of 100 cents.