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Forex Volatility Calculator

Pair Pips %
AUD/CAD 88.04 0.95
AUD/CHF 89.29 1.28
AUD/JPY 152.75 1.63
AUD/NZD 76.80 0.70
AUD/USD 100.63 1.39
CAD/CHF 77.15 1.02
CAD/JPY 136.58 1.35
CHF/JPY 153.14 1.14
EUR/AUD 171.21 1.15
EUR/CAD 116.45 0.85
EUR/CHF 93.05 0.90
EUR/GBP 70.04 0.83
EUR/JPY 173.85 1.25
EUR/NZD 178.91 1.10
EUR/USD 107.16 0.99
GBP/AUD 181.46 1.03
GBP/CAD 151.24 0.93
GBP/CHF 120.80 0.98
GBP/JPY 213.83 1.29
GBP/NZD 184.13 0.95
Pair Pips %
GBP/USD 141.29 1.10
NZD/JPY 123.55 1.45
NZD/USD 86.59 1.30
USD/BRL 904.70 1.89
USD/CAD 100.46 0.79
USD/CHF 101.08 1.06
USD/CNY 365.04 0.56
USD/DKK 706.88 1.03
USD/HKD 20.21 0.03
USD/ILS 416.53 1.27
USD/INR 311.85 0.41
USD/JPY 145.66 1.13
USD/MXN 2,342.89 1.16
USD/RUB 23,463.90 3.11
USD/SEK 1,491.82 1.57
USD/SGD 78.56 0.57
USD/TRY 0.00 0.00
USD/ZAR 2,723.98 1.75
XAG/USD 640.11 2.65
XAU/USD 2,759.73 1.43
EUR/USD - Daily Volatility (In Pips)

Time Frames (Months):

EUR/USD - Hourly Volatility (Pips/GMT Hours)
EUR/USD - Weekday Volatility (In Pips)
  • Monday
  • Tuesday
  • Wednesday
  • Thursday
  • Friday

What is volatility?

Volatility is a term used to refer to the variation in a trading price over time. The broader the scope of the price variation, the higher the volatility is considered to be. For example, a security with sequential closing prices of 5, 20, 13, 7, and 17, is much more volatile than a similar security with sequential closing prices of 7, 9, 6, 8, and 10. Securities with higher volatility are deemed riskier, as the price movement--whether up or down--is expected to be larger when compared to similar, but less volatile, securities. The volatility of a pair is measured by calculating the standard deviation of its returns. The standard deviation is a measure of how widely values are dispersed from the average value (the mean).

The importance of volatility for traders

Being aware of a security's volatility is important for every trader, as different levels of volatility are better suited to certain strategies and psychologies. For example, a Forex trader looking to steadily grow his capital without taking on a lot of risk would be advised to choose a currency pair with lower volatility. On the other hand, a risk-seeking trader would look for a currency pair with higher volatility in order to cash in on the bigger price differentials that volatile pair offers. With the data from our tool, you will be able to determine which pairs are the most volatile; you can also see which are the most – and least – volatile days and hours of the week for specific pairs, thus allowing you to optimize your trading strategy.

What affects the volatility of currency pairs?

Economic and/or markets related events, such as a change in the interest rate of a country or a drop in commodity prices, often are the source of FX volatility. The degree of volatility is generated by different aspects of the paired currencies and their economies. A pair of currencies—one from an economy that’s primarily commodity-dependent, the other a services-based economy—will tend to be more volatile because of the inherent differences in each country’s economic drivers. Additionally, different interest rate levels will cause a currency pair to be more volatile than pairs from economies with similar interest rates. Finally, crosses (pairs which do not include the US dollar) and ‘exotic’ crosses (pairs that include a non-major currency), also tend to be more volatile and to have bigger ask/bid spreads. Additional drivers of volatility include inflation, government debt, and current account deficits; the political and economic stability of the country whose currency is in play will also influence FX volatility. As well, currencies not regulated by a central bank—such as Bitcoin and other cryptocurrencies—will be more volatile since they are inherently speculative.

How to use the Forex Volatility Calculator?

At the top of the page, choose the number of weeks over which you wish to calculate pairs volatility. Notice that the longer the timeframe chosen, the lower the volatility compared to shorter more volatile periods. After the data is displayed, click on a pair to see its average daily volatility, its average hourly volatility, and a breakdown of the pair’s volatility by day of the week.

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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