Continuation of the spread reduction in Dukascopy
Dukascopy Spread
Last week, Dukascopy released a long-term comparison of the average spreads for the most popular currency pair - EUR / USD. Recent results only show 0.16 pips average spread in August 2016. There is a clear downward trend in 5 in recent years. The constant increase of interest in the Forex market on the part of individual and institutional investors, as well as the work put in by Dukascopy in the development of its technology and acquiring new liquidity providers within the SWFX ECN Marketplace certainly contributed to this.
Below is a brief summary of how the average values during the European session over the last years of 5 developed.
October 2012 - 0.57 pips
January 2013 - 0.51 pips
February 2013 - 0.46 pips
March 2013 - 0.36 pips
June 2013 - 0.26 pips
January 2014 - 0.20 pips
February 2014 - 0.19 pips
August 2016 - 0.16 pips