Bid is the price for buyer to Buy the currency. In bid and ask prices, the bid price stands in contrast to ask the price, or “tender”, and the difference between the two is called the bid/offer spread.

An unsolicited bid or offer, if a person or company receives an offer, although they are not looking to sell. A call for war is said to occur when a large number of offers in quick succession by two or more people, especially if the price paid is much larger than the asking price, or greater than the first bid in the event of an unwanted offer must.