What is Bid and Ask Rate in Forex Market?

In forex market or foreign exchange market there are two rates at which currency is bought and sold one is bid rate and other is ask rate.

Bid Rate is the rate at which banks are ready to buy currencies from customers or companies.

Ask rate is the rate at which banks are ready to sell currencies to customers or companies.

0 comments… add one

Leave a Comment


Related pages


examples of diversifiable riskprocess costing disadvantageswhat is skimming pricingcalculation of net worth formulaskim the marketdisadvantages of mergersare debtors current assetsdebenture financebenefits of ppfdemand loansprepaid rent expense journal entrycore product augmented productfull form of sensexstrengths and weaknesses of socialismprofitability ratios formuladisadvantages of an oligopolytraditional economy definition economicsconservatism examplesmarket economy advantages and disadvantagesdisadvantages of horizontal integrationadvantages and disadvantages of payback methodforex direct quoteexamples of diversifiable riskmulti segment targeting strategy examplesdisadvantages and advantages of mixed economyexplain traditional economymixed economy tagalogadvantages and disadvantages of delegation in managementintraday tradergatt full formdifference between a qualified and unqualified audit reportdisadvantages of convertible bondscharacteristics of socialist economic systemmanaged float currencyslr full formqualified and unqualified audit reportdisadvantages of capitalist economyexamples of current liabilities in accountingfifo methodautocratic decision makingexamples of liabilities accountsdisadvantages of stockscharacteristics oligopolydisadvantage of decentralisationunqualified report auditdisadvantages of bank reconciliation statementconglomerate diversification strategydisadvantages of organisation structureoperating lease finance lease differencejournal entry for bank loan with interestadvantages and disadvantages of a command economycrossing a chequemonopolistic characteristicswhat are the advantages and disadvantages of a market economythe materiality conceptjournal entry to record deferred revenuetraditional economy definition and examplesskimming pricing and penetration pricingprestige pricing definitionadvantages and disadvantages mixed economydisadvantages of decentralized organizational structureconsignor and consigneefull form of neft and rtgsmateriality conventionexamples of a vertical mergerexamples monopolistic competition companiesmarket skimming exampleadvantages and disadvantages of capital budgeting techniquesadvantages and disadvantages of authoritarian leadershipwhat is crossing a chequesocialist economic system advantages and disadvantagestypes of dividend policy theorycrr and slr meaningwhat are substitutes and complements in economics