The bid price is the maximum price a buyer is willing to pay for a currency pair or financial instrument. When you sell, you sell at the bid price.

How It Works

In a quote like GBP/USD 1.2650/1.2653:

  • 1.2650 = Bid (what buyers offer)
  • 1.2653 = Ask (what sellers want)

Example

You want to sell EUR/USD:

  • Current quote: 1.0850/1.0852
  • You sell at 1.0850 (bid price)
  • The buyer pays 1.0850 for each EUR

Key Points

  • The bid price is always lower than the ask price
  • Higher bid prices indicate stronger demand
  • The bid-ask spread represents transaction cost
  • Bid prices update in real-time during market hours