What is Ask Price? - Definition & Explanation
Definition
The price at which a broker will sell a currency pair to a trader.
Ask Price Explained
The ask price (also called the offer price) is the price at which a broker is willing to sell a currency pair to you. It is always higher than the bid price, and the difference between the two is the spread. When you want to buy a currency pair, you pay the ask price
The ask price is always in motion, changing tick by tick as market conditions evolve.
Related Terms
Bid Price
The price at which a broker will buy a currency pair from a trader.
Spread
The difference between the bid and ask price, representing the broker's primary cost to the trader.
Bid-Ask Spread
The difference between the bid and ask price of a currency pair.
Pip
The smallest standard price movement in a currency pair, typically 0.0001.