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Hourly · Measured

Average Hourly Range, Pair by Pair

Daily range answers how far a market travels; hourly range answers whether a plan has room to work inside the hour it trades. GBP/USD averages 18.2 pips an hour across the full day — but 30.8 in its best hour and 10 in its worst.
18.2GBP/USD mean hour (pips)
30.8its best hour
10its worst hour
3.1×between them
How this was measured. Computed from 1,898,746 one-minute GBPUSD candles covering 2021-01-03 to 2026-04-30 — 1,595 trading days. Range means high minus low over the stated period, grouped by real clock time in UTC rather than by bar count, so an hour is an hour even across a weekend. Figures are in pips. The underlying numbers are published as JSON at https://fxabsolute.com/stats/GBPUSD.json.

Nine pairs

PairMean hourPeak hourAt (UTC)TroughRatio
GBP/JPY29.944.514:00–15:00 UTC18.62.4×
EUR/JPY23.334.214:00–15:00 UTC14.32.4×
USD/JPY21.733.613:00–14:00 UTC11.92.8×
GBP/USD18.230.814:00–15:00 UTC103.1×
USD/CAD1528.414:00–15:00 UTC83.6×
EUR/USD1424.514:00–15:00 UTC6.93.6×
AUD/USD12.620.314:00–15:00 UTC7.62.7×
AUD/CAD12.819.814:00–15:00 UTC9.52.1×
EUR/GBP8.713.714:00–15:00 UTC4.33.2×

The ratio column is the useful one. Every pair moves between two and three times as far in its best hour as its worst, so an "average hourly range" quoted as a single number describes almost none of the day accurately.

Why the mean hour misleads

Twenty-four hours averaged together includes the 10-pip hours nobody trades. A strategy running only in the London and New York hours is working with roughly 25.3 pips an hour, not 18.2 — and one running overnight has considerably less than the mean suggests.

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Questions

What is the average hourly range of GBP/USD?

18.2 pips averaged across all 24 hours, but that conceals the shape: 30.8 pips in the 14:00–15:00 UTC hour against 10 in the quietest.

Which pair moves most per hour?

Of those measured, GBP/JPY at its peak hour — 44.5 pips in the 14:00–15:00 UTC window.

Why is the average hourly range misleading?

Because it averages the hours nobody trades in with the hours everybody does. Every pair measured moves two to three times as far in its best hour as its worst.

Beginner exploration

Three questions to help you use this page

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What does “Average Hourly Range, Pair by Pair” mean for a beginner?

This page focuses on “Average Hourly Range, Pair by Pair”.GBP/USD averages 18.2 pips an hour across the day, peaking at 30.8 and troughing at 10. Hourly range for nine pairs from one-minute data.For “Average Hourly Range, Pair by Pair”, a beginner should identify what the evidence guide measures, assumes or teaches before acting on its conclusion.Treat this page's account of “Average Hourly Range, Pair by Pair” as a learning reference rather than a prediction, signal or promise of future performance.

How should a beginner use this page to explore “Average Hourly Range, Pair by Pair”?

For “Average Hourly Range, Pair by Pair”, confirm the population, sample size, clock, units and calculation behind the headline number.While exploring “Average Hourly Range, Pair by Pair”, compare the median, spread of outcomes and exceptions instead of reading only the average or best row.Keep your “Average Hourly Range, Pair by Pair” record honest: use the statistic to frame a test or risk assumption, not to predict the next candle.Before leaving “Average Hourly Range, Pair by Pair”, recheck the result on a separate period before turning a descriptive pattern into a rule.

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Turn one idea from “Average Hourly Range, Pair by Pair” into a rule with explicit inputs, dates, costs and pass-or-fail conditions.Ask AI to expose missing assumptions in that “Average Hourly Range, Pair by Pair” test, not to guess the next market move.Use the FXAbsolute AI Backtesting Lab to inspect calculations connected to “Average Hourly Range, Pair by Pair” and the assumptions behind them.Reproduce any important “Average Hourly Range, Pair by Pair” result and reserve unseen data before deciding that an apparent pattern is useful.

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