Direct answer
In standard forex quoting, the “forex price” is not typically expressed as a “price per block.” Forex prices are usually quoted as bid and ask levels for a currency pair, and the meaning of the quote depends on the contract size (how much of the base currency you trade) and the quote convention (which currency is base vs. counter).
If you see the phrase “per block,” it is usually an informal way to describe pricing for a unit of trade size (for example, some fixed contract step) rather than a universal forex standard. To make it verifiable, you would need to map the “block” to the platform’s contract size definition.
Explanation: what “ask price” really means
A currency pair quote has two sides:
- Bid price: the price at which the broker (or market maker) is willing to buy the base currency.
- Ask price: the price at which it is willing to sell the base currency.
The ask price is therefore the relevant quote when you are buying the base currency. The spread between bid and ask reflects transaction cost and liquidity conditions at that moment.
Crucially, the quote itself is a price per one unit of the instrument’s quoted basis, not “per block” in a global sense. The “per block” idea only becomes meaningful after you translate it into the contract’s real unit size used by your execution venue (for example, how many base currency units your order represents).
Example checks: how to test the meaning of “per block”
Because “block” is not a standard forex quoting term, you can verify what it means by checking three things on your platform or documentation:
- Instrument details: Identify the currency pair and whether it is quoted as base/counter (e.g., base currency per one unit of counter, depending on convention).
- Contract size definition: Find the platform’s definition of the unit behind trading volume (e.g., what one lot step corresponds to in base currency units).
- Price-to-value conversion: Confirm how price movement maps to monetary change for your chosen position size (often described via pip value or a similar conversion).
If the platform provides a “value per pip” or “pip value” table based on your position size, that is an independent way to ensure you are not mixing up “price levels” with “value for your trade size.”
Relevant limitations and risks (what not to assume)
- No universal “block” standard: Different providers can define “blocks,” lot steps, or minimum trade sizes differently. Without the platform’s contract-size mapping, “price per block” can be ambiguous.
- Quotes change continuously: Bid and ask levels can move frequently. Any static interpretation of an ask price only applies at the time the quote is observed.
- Avoid unit mistakes: Confusing base vs. counter currency, or mixing price units with contract-size units, leads to incorrect interpretations of how much a move means for your position.
- No future outcomes: This explanation clarifies pricing structure, not what will happen next or whether any strategy will perform.
If you share the exact wording of where you saw “per block” and the instrument/contract-size definition from the provider, you can align the term to the correct trading unit and re-check the meaning using the conversion logic above.