Spread

USD/HKD

Hourly spread (pips)

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• For USD/HKD, the average spread in pre-COVID market conditions is about five times the average spread in recent market conditions.
• In the recent market conditions, the average spread for USD/HKD is highest around Sydney open. This is similar to pre-COVID market conditions.
• For USD/HKD, we observe a flattening of the recent spread curve at around 16:00 GMT i.e. London fixing hour, with spread being more equally distributed across London trading hours during this recent period.