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Measured data

Exness Trading Hours — Spread and Movement by Hour — Philippines

How the measured spread and the average hourly movement change through the trading day on Exness’s MetaTrader 5 feed — measured 19 Aug · 15:54 PST. Hours are platform server time.

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How to read this

A trading hour is attractive when the market moves a lot relative to what entering costs. The last column divides the average hourly movement by the average spread in that hour — more movement per pip of spread means the hour is cheaper to trade relative to its opportunity, before strategy and news are considered.

EUR/USD hour by hour (measured)

Hour (server)Avg spread (pips)Avg movement (pips)Movement per pip of spread
00:000.86.1
01:000.86.4
02:000.86.2
03:000.85.2
04:000.85.2
05:000.84.8
06:000.89.512×
07:000.810.213×
08:000.88.410×
09:000.88.310×
10:000.85.6
11:000.8911×
12:000.814.718×
13:000.814.318×
14:000.81114×
15:000.89.412×
16:000.8911×
17:000.87.910×
18:000.85.7
19:000.84.8
20:003.4733.5
21:002.7164.1
22:000.83.9
23:000.83.6

Spread = average of all quotes captured in that hour over the last 24h; movement = average high–low of that hour over the last 7 sessions. Hours are MT5 server time.

All instruments — where spreads tighten and widen

InstrumentTightest avg spreadWidest avg spreadBiggest hourly movementMovement-per-cost peak
EUR/USD0.8 at 07:003.473 at 20:0014.7 at 12:0012:00
GBP/USD1 at 07:006.394 at 20:0018.3 at 12:0012:00
USD/JPY1 at 07:003.618 at 20:0030.8 at 12:0012:00
AUD/USD0.9 at 07:004.004 at 20:0012.7 at 12:0012:00
USD/CAD1.4 at 07:003.664 at 20:0017.2 at 14:0014:00
USD/CHF1.3 at 07:001.803 at 21:0015.2 at 12:0012:00
NZD/USD1.4 at 07:004.766 at 20:0012 at 12:0012:00
EUR/GBP1.3 at 07:002.451 at 21:005.9 at 14:0014:00
EUR/JPY1.6 at 07:007.578 at 20:0024.7 at 12:0012:00
GBP/JPY2.106 at 14:0019.541 at 20:0029.2 at 12:0012:00
AUD/JPY1.1 at 07:005.713 at 20:0018.4 at 12:0012:00
XAU/USD (Gold)25.585 at 22:0029.378 at 21:002955.1 at 01:0001:00
XAG/USD (Silver)3 at 07:003.08 at 21:0074.2 at 01:0001:00
US Oil (WTI)2 at 07:002 at 07:0095.6 at 13:0013:00
UK Oil (Brent)3.341 at 18:003.861 at 20:0089.7 at 13:0013:00
BTC/USD1000 at 07:001000 at 07:0035693.6 at 14:0014:00
ETH/USD100 at 07:00100 at 07:001197.7 at 14:0014:00
US500 (S&P 500)40 at 08:0048.521 at 20:002061.4 at 13:0013:00
US30 (Dow)10 at 13:0013.949 at 09:001870.6 at 13:0013:00
USTEC (Nasdaq 100)112 at 08:00112.943 at 23:0016838.4 at 13:0013:00
DE30 (DAX)7 at 07:0065.429 at 22:00917.9 at 07:0007:00
JP225 (Nikkei 225)31 at 15:0034 at 21:005647.6 at 00:0000:00
UK100 (FTSE 100)98 at 07:00860 at 20:003782.6 at 07:0007:00

Spread in pips (points for non-FX). ‘Movement-per-cost peak’ is the hour with the most movement per pip of spread.

The rollover hour

In this sample the widest EUR/USD hour was 20:00 server time, where the average spread ran about 4× the typical hour. This is the daily rollover window — swaps are applied, liquidity providers reset, and quotes briefly widen. Positions held with tight stop-losses through this hour can be stopped out by the spread alone. The most active hours by tick count were 11:00, 12:00, 13:00, 14:00.

How this was measured

  • Spread by hour: every captured quote on Exness's own MT5 feed, bucketed by server hour (last 24h).
  • Movement by hour: average H1 candle range over the last 7 sessions, from the same feed.
  • The ratio compares movement to entry cost only — it is not a prediction of direction.
  • Figures refresh on a schedule and vary day to day.

Measured in-terminal on Exness’s own MetaTrader 5 pricing feed and symbol specifications, refreshed on a schedule. All figures are indicative and change with market conditions.

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