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What do the terms “BID”, “ASK” and “spread” Mean?

April 26, 2017bid mean spread terms

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What do the terms “BID”, “ASK” and “spread” Mean?

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Ask is the lowest price acceptable to the buyer of the particular currency at the moment; Bid is the highest price that the seller is offering for that currency. Together, the two prices constitute a quotation; the difference between the two is the spread.