The BID price is the rate that your broker is willing to pay for the currency pair; in other words, this is the rate you receive if selling to the market. For example in the rate panel shown, the bid price is 1.05761. You could sell one Euro for 1.05761 US dollars. The ASK price is the rate at which your broker is willing to sell and represents the rate you must pay to buy the base currency. In the example 1 Euro will cost you 1.05775 US dollars.