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RBA Glossary definition for bid
bid – The price offered to purchase securities in the primary market. In relation to a tender, a bid also includes the volume willing to be bought at the price offered.
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December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
This shows that there are significant variations in the duration of foreign exchange settlement risk, depending on whether a dealer is on the bid (buy) or offer (sell) side of the
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html