47, then the bid price is 1. Meaning you can sell the EUR for 1. A Forex asking price is the price at which the market is ready to sell a certain Forex Trading currency pair in the online Forex market. This is the price that the trader buys in.
It appears to the right of the Forex quote. 47, the ask price us 1. This means you can buy one EUR for 1. This signifies the expected profit of the online Forex Trading transaction. Ask Spread is set by the liquidity of a stock. What are Regulators and How to Choose a Good One? The Iranian rial has reached a series of record-lows in recent weeks, and stood at 58,650 to the dollar at the close of business on Monday.
TEHRAN: Iran took the drastic step of fixing the rate of its currency against the dollar on Tuesday in a bid to arrest a slide that has seen it fall by a third in six months. The rial has reached a series of record-lows in recent weeks, and stood at 58,650 to the dollar at the close of business on Monday, driven mostly by speculation that the US would pull out of the nuclear deal with Iran next month. After an emergency session of the government on Monday night, Vice President Eshagh Jahangiri said the rate would be capped at 42,000 rials to the dollar and foreign exchange offices would be brought under the control of the central bank. There should not be such incidents in an economy that always has a surplus of foreign currency. US President Donald Trump has threatened to walk away from the nuclear deal and reimpose sanctions on Iran next month unless new restrictions are placed on its missile and atomic programs. Analysts say that has encouraged Iranians to horde dollars in the hope of selling them for a profit when the currency collapses further. The rial stood at around 40,000 to the dollar in October, when Trump said he would no longer certify Iran’s compliance with the nuclear deal, and has been falling steadily since.