Monday, November 2, 2009

3.12 Forex Lexicon : Ask Price

The ask is the price at which the market is prepared to sell 
a specific currency pair in the FOREX market. At this price,
the trader can buy the base currency.It is shown on the right side
of the quotation. For example, in the quote USD/CHF 1.4527/32,
the ask price is 1.4532;
meaning you can buy one U.S.Dollar for 1.4532 Swiss Francs. 
The ask price is also called the offer price.


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