The bid-ask spread (informally referred to as the buy-sell spread) is the difference between the prices at which a dealer will buy and sell a currency in the foreign exchange (forex) market.
By Yinka Kolawole The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,590 per dollar to meet the demand for ...
Likewise the trading of goods money is also relatively significant because it is necessary to convert open market rates with other countries for buying and selling products with other countries.