Two-way price definition
Two-way price
A two-way price is a quote for a currency pair that includes both the bid and ask price. The bid price is listed first and is the best price at which you can buy the specific currency; the ask price is listed second and is the best price at which you can sell the currency.
Since forex currency pairs are listed as the base and quote currency, the two-way price reflects how much of the quote, or second listed currency, it takes to buy one unit of the base currency, listed first.
What is LHS and RHS in FX?
LHS is an acronym for left-hand side, or bid, in a two-way price; while RHS stands for right-hand side or ask. The acronyms can be useful when explaining a two-way price to traders unfamiliar with bid-ask spreads.