The buying price for a currency exchange rate, also known as the bid price, can be thought of as the exchange rate at which the MARKET is willing to BUY at. The selling or 'ask' rate is the ...

Spot trading, which is trading of currencies at their most recent rates, is the second most active instrument on the foreign exchange market. Other types of instruments include options ...

Currency is the money that a country uses. In the UK, it's the pound. Different countries have different currencies. You can convert money from one currency to another so you can buy things if you ...

Fiat currencies are traded on the foreign exchange market, or “forex,” based on conversion rates that are determined by supply and demand. Additionally, many countries that use fiat currencies ...

Central banks are also involved in the forex market, where they're responsible for maintaining the value of their country's currency. This value is represented as the exchange rate by which it ...