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You've got your calculation of the spread wrong, for what you're trying to do. Looking at the spot prices: SGD = USD 0.8, MXN = USD 0.077, NOK = USD 0.16. So in descending order they are SGD, NOK, MXN. The order of levels on your chart is SGD, NOK, MXN. INR vs CHF is the same: CHF = USD 1.1, INR = USD 0.017, so you get a larger spread for CHF in dollar ...


2

The cost of forex trading is reflected through the bid-ask spread you pay as a retail client to a broker. period. There spread IS indicative of the cost of trading the pair, AT that specific point in time (and OANDA does not reject your trades or recall trades on any rates they offer at a specific time, up to a specific trade size). So what you are doing ...


1

The reason SGD spreads are higher than MXN is onshore / offshore regulation. The Government of Singapore doesn't like their currency to cross their border outside of specified hours and this controls the liquidity in the pair. There is another currency pair - SGO, or Singapore offshore. Otherwise, IMHO, FXQuantTrader has pretty much answered your questions ...



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