Analyze historical spreads and optimize costs with our spread calculator
Spreads are an inherent cost of trading. OANDA offers a unique historical spread tool. Unlike other platforms that display only the minimum spread or current live spread, the OANDA tool lets you view the minimums, averages, and maximums published on our trading platforms over the last few months, giving you a comprehensive understanding of our spreads.
See how our spreads change over time
Generally, our spreads are reflective of underlying market liquidity. Use the chart to see how our spreads change over time due to changes in the underlying markets.
Select your asset class and instrument, then use the slider below the chart to zoom in or select a time range.
You can view an average, minimum, and maximum spread calculated over 15-minute intervals. As you zoom out, the time intervals will increase in size.
This is for general information purposes only and may not reflect current prices from OANDA. It is not investment advice or an inducement to trade. The information presented is historical, and past performance does not indicate future performance.
Frequently asked questions
The spread refers to the difference in price between the ask and the bid price. This difference in cost is how a forex broker earns a profit. Most brokers charged a commission fee in the past, but this has fallen away in favor of charging the spread.
There are two types of spreads in forex trading:
- Fixed: These are static spreads that a broker offers, regardless of the state of the market.
- Floating/Variable: These are spreads that the broker offers that are affected by the market's state. The spread will change depending on market demand.
The spread is typically measured in pips. A pip is the metric used to show the difference in value between two currencies or between the bid and ask prices. The value of a single pip is 0.0001.
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