Bid Rate

Bid Rate

The highest exchange rate at which a buyer is willing to buy a currency. See also: Bid.
References in periodicals archive ?
On the other hand, domestic interest rates are quoted as [r.sub.b] for the bid rate and [r.sub.a] for the ask rate, the corresponding foreign interest rates are bid rate [r.sub.a.sup.*] and ask rate [r.sub.a.sup.*], at which credit market participants can lend and borrow, respectively.
The return since the start of the year is 1.13% compared to the benchmark seven day London Interbank Bid Rate (LIBID) of 0.41%.
Sedlabanki's monetary policy committee (MPC) has also cut the other interest rates by 25 points so that the deposit rate (current account rate) is now 3.25%, the maximum bid rate for 28-day certificates of deposit (CDs) is 4.00% and the overnight lending rate is 5.25%.
Similarly, the maximum bid rate for 28-day certificates of deposit (CDs) and the seven-day collateralized rate were lowered by one percentage point each, to 4.25 per cent and 4.5 per cent.
The BoE charged a minimum bid rate of 5.36 per cent for [pounds sterling]10 billion of three-month money, as part of a co-ordinated action with other central banks to ease market tensions by offering cash at favourable rates.
A minimum bid rate is determined by the level of the overnight indexed swap (OIS) rate near the time of the auction.
In this case, the Department of Agriculture's Forest Service issued a prospectus for the sale of government timber which stated that the award would be made based on "only one bid amount," (4) described as a "weighted average minimum (WAM) bid rate." (5) The WAM is "the bid rate for the stumpage of various species of timber covered by the sale" (6) and was described in the prospectus as "the volume of each biddable species multiplied by its bid rate." (7) Since the contract involved the sale of government timber, rather than a procurement, the solicitation stated that the contract would be awarded to the bidder offering to sell at the highest price.
Pretty much as expected by financial markets, the Governing Council of the European Central Bank (ECB) decided on 5 October to increase key interest rates by a further quarter of a point (3.25% for the minimum bid rate, 2.25% for the deposit facility and 4.25% for the marginal lending facility).
The refinancing rate represents the minimum bid rate on the ECB's main weekly refinancing operations.
The bank's governing council decided the minimum bid rate on the main refinancing operations would remain at 3.25 per cent.
The refinancing rate, or the minimum bid rate on the ECB's main weekly refinancing operations, is the rate at which the ECB can step into the market to conduct short-term securities purchase operations.
The ECB left its benchmark minimum bid rate at 3.25 per cent, after cutting rates by a total of 150 basis points this year.