Cryptocurrency Q&A
What is a bid-ask spread in retail currency exchange?
What is a bid-ask spread in retail currency exchange?
GangnamGlitzGlamour
Wed Jan 15 2025
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6 answers
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The bid-ask spread in retail currency exchange refers to the difference between the prices a market maker is willing to buy and sell a specific currency pair. It represents the cost of trading and is influenced by factors such as liquidity, volatility, and the size of the transaction.
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6 answers
Ilaria
Thu Jan 16 2025
This spread serves as a profit margin for dealers in the retail currency exchange.
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Michele
Thu Jan 16 2025
In the retail currency exchange market, dealers provide two distinct exchange rates.
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IncheonBeauty
Thu Jan 16 2025
Wide spreads are a significant issue in the retail currency exchange market.
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BitcoinWarrior
Thu Jan 16 2025
The bid price is the rate offered by dealers to buy a currency from customers.
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ShintoBlessing
Thu Jan 16 2025
Conversely, the ask price is the rate they charge customers to sell a currency.
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