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Dakar 2017
Home / Beginners / Forex Glossary / Term "bid-price"
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Bid Price

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Bid Price - is the price at which the forex trading market is prepared to buy a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can sell the Base Currency. It is shown on the left side of the quotation. For example, in the quote USD/CHF 1.4527/32, the bid price is 1.4527; meaning you can sell one US dollar for 1.4527 Swiss francs.