<p>Please refer to the official monetary system documentation <a href="https://bitbucket.org/JeanLucPicard/nxt/issues/205/monetary-system-documenation" rel="nofollow">https://bitbucket.org/JeanLucPicard/nxt/issues/205/monetary-system-documenation</a> section "Currency Exchange".
The NXT wiki also has an excellent walk-through of the process in <a href="https://nxtwiki.org/wiki/Monetary_System#Exchange_an_Exchangeable_Currency" rel="nofollow">https://nxtwiki.org/wiki/Monetary_System#Exchange_an_Exchangeable_Currency</a></p>

CC BY-SA 3.0
2016-10-28T10:43:52.860Z
2016-10-28T10:43:52.860Z
lyaffe
<p>When creating a new monetary system coin on the NXT/Ardor platform. What is the difference from <strong>Exchange</strong> and <strong>Offer</strong>? </p>

<p>What does the following mean in the Exchange Window?</p>

<ul>
<li>Minimum Rate</li>
<li>Effective Rate</li>
</ul>

<p>What do the following mean in the Offer window?</p>

<ul>
<li>Buy units (Initial) </li>
<li>Buy units (Limit) </li>
<li>Buy Rate per unit </li>
<li>Sell units (Initial) </li>
<li>Sell units (Limit) </li>
<li>Sell Rate per unit </li>
</ul>

<p><a href="https://i.sstatic.net/76v5t.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/76v5t.png" alt="enter image description here"></a></p>

<p><a href="https://i.sstatic.net/s51Km.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/s51Km.png" alt="enter image description here"></a></p>

<nxt><ardor><ignis><nxt-monetary-system>
What is the difference between Exchange & Offer in the Monetary System for NXT / Ardor Platform?
Patoshi パトシ
# What is the difference between Exchange & Offer in the Monetary System for NXT / Ardor Platform?

(Asked by: username_0 on 2016-10-27)

When creating a new monetary system coin on the NXT/Ardor platform. What is the difference from **Exchange** and **Offer**?

What does the following mean in the Exchange Window?

* Minimum Rate
* Effective Rate

What do the following mean in the Offer window?

* Buy units (Initial)
* Buy units (Limit)
* Buy Rate per unit
* Sell units (Initial)
* Sell units (Limit)
* Sell Rate per unit

[![enter image description here](https://i.sstatic.net/76v5t.png)](https://i.sstatic.net/76v5t.png)

[![enter image description here](https://i.sstatic.net/s51Km.png)](https://i.sstatic.net/s51Km.png)

**Tags:** nxt, ardor, ignis, nxt-monetary-system


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## 1 answers

### Answer by username_1 on 2016-10-28. Score: 1 | Accepted answer

Please refer to the official monetary system documentation <https://bitbucket.org/JeanLucPicard/nxt/issues/205/monetary-system-documenation> section "Currency Exchange".
The NXT wiki also has an excellent walk-through of the process in <https://nxtwiki.org/wiki/Monetary_System#Exchange_an_Exchangeable_Currency>


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