In the context of foreign exchange (FX), the bid price is the price at which a buyer (or market maker) is willing to purchase a currency. It represents the highest price a buyer is willing to pay for the base currency in a currency pair.

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For example, if the EUR/USD bid price is 1.1200, it means the market is willing to buy 1 Euro for 1.1200 US Dollars. The bid price is always the lower price in a currency pair and is contrasted with the ask price (the price at which the market is willing to sell the base currency).

The difference between the bid price and the ask price is known as the spread.

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