The price at which the forex market is prepared to sell a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the forex trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.2627/32, the ask price is 1.2632; meaning you can buy one US dollar for 1.2632 Swiss francs.