Bid Price Definition

The bid price is the highest price a buyer is willing to pay for an asset at a given time.

What is a Bid Price?

The bid price sits opposite the ask price, and the gap between them forms the bid-ask spread.

Sellers looking to exit a position immediately will typically receive the current bid price.

If the bid price for a currency pair is 1.0850, that is the rate at which buyers are currently willing to purchase it.

A balance sheet is a financial statement showing a company's assets, liabilities, and equity at a specific point in time.

A bar chart is a price chart that shows the open, high, low, and close for a security over a set period using vertical bars.

The base currency is the first currency listed in a currency pair, against which the second currency is quoted.