The price at which a currency can be sold in the market. It represents the maximum price a buyer is willing to pay for a specific currency.
Simple Example: TechCorp has €100,000 and wants to sell them. The bid price for EUR/USD is 1.0900, meaning TechCorp can sell euros at a rate of 1.0900 USD per euro.
Numerical Breakdown:
To sell €100,000 at the bid price of 1.0900, the amount received in USD would be:
