Occurs when a buying and selling price is quoted for a transaction.
Two-way Price
Related Terms
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The forex spot rate (or FX spot rate) is the amount it costs in one currency to buy another currency for immediate delivery. There isn’t a single “spot” rate. When opening a trade, FX traders are...
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex market, you buy or sell in currency pairs. As the value of one currency rises or falls relative to another, traders decide to buy or sell currencies to make profits. Retail forex traders participate in the forex market […]
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for another. While it is called “foreign” exchange, this is just a relative term. The terms “foreign” and “domestic” are relative to the person using the term. What is foreign to someone is considered domestic to another. “Currency exchange” […]
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Forex brokers will quote you two different prices for a currency pair: the bid and ask price. The “bid” is the price at which you can SELL the base currency. The “ask” is the price at which you can...
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A currency forward is an agreement that locks in an exchange rate the day on which the agreement is signed for a transaction that will be completed later.