OFFER/ASK PRICE

 

OFFER/ASK PRICE

The price at which the market is willing to sell the product. Bid/Offer is a two-way pricing system. The Ask price is also known as the Offer price. The Ask is the price at which a trader can purchase the base currency in a currency pair, which is indicated to the right. For example, in the USD/CHF 1.4527/32 quotation, the base currency is USD, and the asking price is 1.4532, implying that one US dollar may be purchased for 1.4532 Swiss francs.