Use our forex spread calculator to find out the spread cost of your forex trading pair. It can be used for any forex pair.
Forex Spread Calculator
Forex Spread: 0.00%
Information: A low spread cost in the Forex market is between 0.06% – 0.03%. A high spread cost in the Forex market is considered anything above 0.10%.How to use the forex spread calculator:
- Add the Ask Price. (e.g. 1.0032 or 1.1593)
- Add the Bid Price. (e.g. 1.0095 or 1.5233)
- The forex spread is calculated automatically.
What is a forex spread calculator?
A forex spread calculator is a tool designed to help traders figure out the difference between the bid and the ask price of a currency pair in the forex market.
This difference, known as the spread, is very important in forex trading, influencing the loss from trades.
Calculating the spread can help traders understand if the spread they are trading is high or low, which matters because in the end, the spread is the cost you pay when trading forex.
How does it work?
Using the forex spread cost calculator is straightforward:
- Ask Price: Input the current ask price of the currency pair you’re interested in.
- Bid Price: Provide the current bid price for the currency pair.
- Calculate: The calculator automatically determines the spread percentage, giving you a clear idea of the cost to enter a trade.
What is the formula?
The formula to calculate the forex spread is simple:
Forex Spread = ((Ask Price – Bid Price) / Ask Price) x 100%
- Ask Price: This is the minimum price that a seller is willing to accept for a currency pair.
- Bid Price: This is the maximum price a buyer is ready to pay for the currency pair.