FxPro Help Centre - Glossary

Bid Price

Market prices are quoted in pairs; the bid price and the ask price. The bid price is the price a given asset is sold at. Thus, in a given currency pair (e.g EUR/USD) the bid price represents how much of the quote currency (USD) a trader attains when selling a unit of the base currency (EUR). In a given bid/ask spread (e.g 1.32166/1.32184) the bid price is 1.32166; meaning that 1 EUR equals $1.32166.