The price at which a dealer is prepared to purchase a currency from an investor or trader, or the price at which an investor or trader can sell a currency pair to a dealer. This is also known as the “bid price” and “bid rate”. In a price quote, there are two prices that are listed, and it is the price listed on the left hand side of a price quote that constitutes the Bid. The Bid Price is always lower than the ask price. E.g. in a quote that is listed as 1.2346/1.2349, 1.2346 is the Bid Price.