It is about quotation in forex market.

A nigerian traveling to malaysia and need ringgit 15,000,but could get it in nigeria, u.s dollar and pound sterling are available ,given 170/$ ,#240/£,ringgit3.20/$ and ringgit4.80/£. How much dollar or pound can buy ringgit15,000,which of the exchange rate is cheaper and why?
Asked Mar 22, 2014
As with most forex trading in the financial markets, when you are trading a currency pair there is a bid price (buy) and an ask price (sell). Again, these are in relation to the base currency. Understanding the quotation and pricing structure of currencies is essential for anyone wanting to trade currencies in the forex trading market. Visit for the more information on quotation and pricing structure of different currencies.
Answered Sep 28, 2017

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