you can sell the EUR for.2342 USD. In Canada, this represents a direct"tion, since it expresses the amount of domestic currency (CAD) per unit of the foreign currency (USD). The first amount is the bid. That means the approximate EUR/CAD spot rate would be EUR 1 CAD.4405 (i.e.,.3400.0750). TransferWise multi-currency borderless account. Spread ASK BID, for example, the EUR/USD Bid/Ask currency rates are.1250/1.1251. By sheer coincidence, Katelyn has EUR 5,000 to sell. There are 2 types of currency prices at Forex are. Check out a breakdown of borderless account pricing.
You will buy the pair at the higher Ask price.1251 and sell it at the lower Bid price.1250. Traders prefer foreign currency with a lower bid/ask spread, because it means their money pair only for the currency and is not wasted on the bid/ask spread difference. Spread is commission we pay to our broker for every transaction.
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A Forex Trading Bid price is the price at which the market is prepared to buy a specific currency pair in the Forex trading market. The ask price represents the minimum price that a seller is willing to receive. The spread represents the market maker's profit. For example, in the same EUR/USD pair.2342/47, the ask price.2347. If youre looking to send money abroad regularly, you might consider. So dont hesitate to ask. Investors dont like uncertainty, so things like important elections and changing economic policy in a country can increase the bid-ask spread of its currency. Probably the most important is the trading volume of the currency. Whether youre a seasoned investor or merely someone who just wants to make sure to get a good exchange rate when you make an international money transfer, FX trading is a relatively new and exciting form of trading thats drawing investors women in forex trading south africa from all over the. The Forex Bid-Ask Spread, the bid-ask spread is simply the difference between the price at which a dealer will buy and sell a currency.
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