OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licenced by the International Enterprise Singapore. You must be logged in to comment Matched betting L 32. Transcriptionist Women's Dresses c For example, if you want to buy some American Dollars using the British Pound, we will see an exchange rate that looks like this : GBP/USD=1.589. This rate means that you will spend 1.589 dollar for every British Pound. This is along deal, which means that you want to buy the base currency, and sell the quote currency. The previous example represents the case of someone who wants to sell American Dollars, in order to buy British Pound. However, if the deal is short, that means that you want to buy the quote currency and sell the base currency. In other words, you spend or sell the British Pound, in order to buy the American Dollar. 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