Bid rate意思

"Bid rate" is a term used in the context of foreign exchange (forex) trading and refers to the rate at which a market participant is willing to buy a currency. In forex, the bid rate is the price at which a dealer is willing to buy a particular currency in exchange for another currency.

When a trader or a market participant wants to sell a currency, they will look for the bid rate, which is the highest price at which someone is willing to buy that currency. The bid rate is always lower than the ask rate, which is the rate at which the market participant is willing to sell the currency.

The bid rate is an important factor in determining the profitability of a forex trade. A trader who sells a currency at the bid rate will receive the bid price, while a trader who buys a currency will pay the ask price. The difference between the bid and ask prices is known as the bid-ask spread, which is a measure of the liquidity and volatility of the currency pair.