November 6, 2017

Ask Rate

Also referred to as offer.

It is the lowest price at which a seller agrees to sell a financial asset.

Ask is a price by which you can buy currency being the first in a pair (XXX) and sell corresponding amount of currency being the second one in a pair (YYY).

Expression to sell XXX/YYY, for example, corresponds to selling XXX (first currency) and buying YYY (second currency).

Purchasing is always done by price Ask.

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