Exness Trading Calculator — What a Position Costs on Manila Hours (PHT) — the Philippines
Cost has two halves and only one of them is decided when the order is placed. Margin, pip value and spread cost are fixed the moment volume and leverage are chosen; the swap depends on how many rollovers the position lives through, and rollover is counted on platform server time, not on the Manila clock. A position opened at 9 p.m. PHT and closed before the New York close never meets one. The same trade carried to the next morning in Manila meets one, and if it is carried through the mid-week rollover the nightly amount is applied three times.
An Exness trading calculator answers one question before the order goes in: what does this position cost? The required margin, the value of one pip, the spread cost and the overnight swap all come from spreads and contract specifications measured on a live Exness account. Manila sits at UTC+8 and never shifts for daylight saving, so the hours a plan usually leans on — the London afternoon and the New York open — fall here in the evening, and a trade that looks like a same-day trade on a Manila calendar can still live through a rollover. Pro mode plans the whole thing: size from account risk, reward-to-risk gross and net of costs, your own leverage, stop and target in pips or price, plus commission and overnight swap. Simple mode reads margin, pip value, spread and swap on a volume you type in.
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Calculations use spreads and contract specs measured on a live Exness Standard account (2026-08-16). Figures are indicative — spreads may fluctuate and actual results will vary.
How much is 0.01 lot on EUR/USD?
On a USD account, 0.01 lot of EUR/USD is 1,000 units of the base currency — a position of about $1,157 at the measured mid rate of 1.15703. At 1:200 leverage it needs about $5.79 of margin, one pip is worth about $0.10, and crossing the measured 0.8-pip spread costs about $0.08.
Figures are indicative, from spreads and contract specs measured on a live Exness Standard account (2026-08-16). Read in pesos, the same USD figures move with the PHP rate of the moment. PHP is not one of the measured pairs here, so that leg has to come from elsewhere and it moves through the day.
Frequently asked questions
What leverage does the trading calculator assume?
Can the results be shown in a local currency?
What time is the London open in Manila?
Does the calculator use Manila time for the swap?
How do I read a margin figure in pesos?
Why is my cost higher when I hold over the middle of the week?
Can this be used for an intraday trade in the Manila evening?
Which numbers change and which stay put?
When does the trading week actually end in Manila?
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Every suggestion is read — feedback helps improve these tools.
Where the trading day sits on a Manila clock
Manila runs on PHT, UTC+8, and it does not move for daylight saving. Everything else does. Tokyo hours sit at roughly 08:00–17:00 PHT, which is the working day here. London opens around 15:00 PHT in the northern summer and around 16:00 PHT in winter, because London is the side that shifts. The New York cash open lands at about 21:30 PHT in summer and 22:30 PHT in winter.
That one-hour drift is worth writing down, because it moves twice a year and a plan built on the London open is at four quietly becomes wrong for half the year. The calculator does not care what time it is — it reads measured spreads and contract specs — but the person using it usually does, since the spread on an instrument is not the same in the Tokyo hours as it is in the London–New York overlap. The measured hour-by-hour picture is on the trading hours page.
The trading week has Manila edges too. The market opens on a Monday morning here while most of the world is still asleep, and it closes on a Saturday morning PHT, not on a Friday evening. A Friday-night plan made in Manila is really a Saturday-morning close, and anything left open runs into the weekend gap.
What the swap line is actually charging for
Swap is not a fee for the trade, it is a charge for the nights. The calculator shows the long and short figure per lot from measured contract specifications; multiplying it by the number of nights is the part the reader has to do. Counted from PHT that is easy to get wrong, because the night that matters is the one on the platform server, and a Manila evening entry is already the middle of the server day.
The mid-week rollover is charged three times to cover the weekend, so a position planned to run from Tuesday to Thursday costs more in swap than the same position run from Thursday to Saturday. Swing plans built on a Manila working week — open on the weekend, hold through the week, close on Friday night — hit that charge almost every time. Per-instrument figures are on the swap rates page.
This is also why the same trade can be worth costing twice: once as an intraday position closed inside the evening session, and once as a multi-night hold. The spread cost is identical, the swap is not, and on a small account the difference between the two is often larger than the difference between two entry prices.
Costing the trade the night before, not at the open
Most people reading this are not watching the London open live — they are at work, and the evening session is what is left. That makes the calculator a planning tool rather than a live one: sizes, margin and cost are worked out before the session, and the order is placed against a plan instead of a chart.
Working ahead has a practical benefit. Margin is checked against the balance while there is still time to change the size; pip value is turned into a number of pesos before the trade rather than after it; and the swap for the intended hold is known before the position exists. None of that can be recalculated calmly at 22:00 PHT with the price moving.
The habit worth building is writing the plan down with the clock attached: the instrument, the volume, the margin it locks up, the cost of the spread, the swap per night, the intended exit hour in PHT, and the hour that plan converts to on the platform. A plan without hours in it is not a plan on this side of the world.
Costing an evening trade from Manila, in order
- Fix the hour first: write the intended entry and exit in PHT, then convert both to the platform clock so the number of rollovers is not a guess.
- Pick the instrument and volume, and read the required margin against the free balance — not against the total.
- Read the pip value and turn the stop distance into money, then into a peso figure using whatever USD/PHP rate is current.
- Read the spread cost for that volume. This is paid once, at entry, whatever happens next.
- Read the swap line and multiply it by the number of nights the plan actually contains, remembering the mid-week rollover carries three nights.
- Compare the total cost with the intended reward. If costs eat a visible share of the target, the size or the target is wrong — not the calculator.
Figures are indicative and taken from measured specifications; the platform is always the final word on the margin an order will lock up.
Session hours on a Manila clock, and what to cost before each one
| Session | Manila clock (PHT) | What to work out beforehand |
|---|---|---|
| Sydney | approx. 07:00–15:00 | Weekend gap risk on any position carried over |
| Tokyo | approx. 08:00–17:00 | Margin, since this is the working day and orders are set, not watched |
| London | approx. 15:00–24:00 (16:00–01:00 in winter) | Spread cost at the size you intend |
| London–New York overlap | approx. 20:00–24:00 (21:00–01:00 in winter) | Pip value and the stop distance in money |
| New York close | approx. 05:00–06:00 next morning | Swap, because holding past it counts a night |
Hours are the standard session windows converted to UTC+8; London and New York shift by an hour twice a year, Manila does not.