Release date: 2020-04-16 13:57
Refers to the difference between the lowest ask price and the highest bid price, which is measured in Pips. The bid price is always lower than the ask price. Example: When EUR/USD bid is 1.13582 and ask is 1.13587, spread is equal to 0.5 pips. Currency pairs have different spreads depending mostly on their liquidity. The more liquid a currency pair is, the tighter its spread.