A Two-Way Quote in the foreign exchange market (forex) refers to the bid and ask prices for a currency pair. This means that for a given currency pair, there are two different prices quoted - one for buying the base currency (bid price) and one for selling the base currency (ask price).The bid price represents the highest price that a buyer is willing to pay for the base currency in a currency pair, while the ask price represents the lowest price that a seller is willing to accept for the base currency in a currency pair. The difference between the bid and ask price is known as the bid-ask spread.For example, if the bid price for EUR/USD is 1.20 and the ask price is 1.21, this means that a buyer is willing to pay 1.20 US dollars for 1 Euro, while a seller is willing to sell 1 Euro for 1.21 US dollars.In the forex market, prices are quoted in two-way format, meaning that a currency pair is quoted with two different prices: the bid price and the ask price. The bid price is the price at which the market maker is willing to buy the base currency, and the ask price is the price at which the market maker is willing to sell the base currency.In summary, A two-way quote in forex refers to the bid and ask prices for a currency pair, where the bid price represents the highest price a buyer is willing to pay for the base currency in a currency pair, while the ask price represents the lowest price a seller is willing to accept for the base currency in a currency pair, and the difference between them is known as the bid-ask spread.