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FX Trading
Ask Price
The price at which a currency can be bought.
Simple Example
: TechCorp needs to buy €100,000. The ask price for EUR/USD is 1.1000, meaning TechCorp can buy euros at a rate of 1.1000 USD per euro.
Numerical Breakdown
:some text
To buy €100,000 at the ask price of 1.1000, the cost in USD would be:
100,000×1.1000=110,000100,000 \times 1.1000 = 110,000100,000×1.1000=110,000 USD.
