Monday, November 2, 2009

3.13 Forex Lexicon : Bid/Ask Spread

The spread is the difference between the bid and ask price.
The “big figure quote” is the dealer expression referring to
the first few digits of an exchange rate.
These digits are often omitted in dealer quotes.
For example, a USD/JPY rate might be 117.30/117.35, 
but would be quoted verbally without the first three digits as “30/35.”

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