Definition - What does Bid mean?

The bid is the quote price at which a currency pair can be sold. Essentially, the bid price represents the price the market is willing to pay for the currency pair.

The bid is also known as the bid price or the bid rate.

ForexDictionary explains Bid

The bid is basically the price at which a forex trader can sell a currency pair. The bid price appears first on a quoted price. For example, if the EUR/USD is quoted at 1.3388/91, the bid price at which the trader can sell the pair is 1.3388.

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