user3029: 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 




user18874: 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

3029: <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.stack.imgur.com/76v5t.png" rel="nofollow noreferrer"><img src="https://i.stack.imgur.com/76v5t.png" alt="enter image description here"></a></p>

<p><a href="https://i.stack.imgur.com/s51Km.png" rel="nofollow noreferrer"><img src="https://i.stack.imgur.com/s51Km.png" alt="enter image description here"></a></p>
 18874: <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>
