Trading

Spread

Spread

The difference between bid and ask price is called "spread". Example: EUR/USD is trading at BID price of 1.28000, and ASK price of 1.28017, the difference (1.7 pip) is the spread.

Land-FX clients benefit from the highly competitive spreads available in the OTC Market.

Pairs Quotes Swap Point Currency
Bid Ask Spread Long Short
AUD/CAD 0.9836 0.9841 4.5 0.1 -2.81 CAD
AUD/CHF 0.7555 0.7559 4.3 0.23 -2.8 CHF
AUD/JPY 85.3120 85.3500 3.8 0.12 -2.75 JPY
AUD/NZD 1.05270 1.0531 4.7 -2.66 -2.02 NZD
AUD/USD 0.7474 0.7477 2.4 -2.05 -2.45 USD
CAD/CHF 0.76790 0.7682 3.9 -1.98 -2.52 CHF
CAD/JPY 86.7100 86.7440 3.4 0.02 -2.45 JPY
CHF/JPY 112.88 112.93 5.0 -2.54 -2.23 JPY
EUR/AUD 1.4182 1.4187 4.7 -3.57 0.55 AUD
EUR/CAD 1.3954 1.3958 3.8 -2.84 -2.13 CAD
EUR/CHF 1.0719 1.0721 2.5 -2.22 -2.48 CHF
EUR/CZK 27.0150 27.0290 140.0 -3.42 -3.22 CZK
EUR/DKK 7.4366 7.4372 5.3 -5.17 -3.57 DKK
EUR/GBP 0.8799 0.8802 3.1 -2.54 -2.09 GBP
EUR/HKD 8.2232 8.2242 9.9 -7.13 -4.17 HKD
EUR/HUF 307.70 307.93 2,300.0 -4.36 -2.53 HUF
EUR/JPY 121.02 121.05 3.3 -2.45 -2.38 JPY
EUR/MXN 22.956 22.963 75.0 -217.45 3.9 MXN
EUR/NOK 9.0493 9.0529 35.6 -7.26 -2.75 NOK
EUR/NZD 1.49330 1.49380 5.0 -3.85 0.69 NZD
EUR/PLN 4.37390 4.37630 24.0 -6.08 0.37 PLN
EUR/RUB 63.4800 63.5300 500.0 -370.25 61.78 RUB
EUR/SEK 9.49810 9.50150 34.0 -3.56 -6.49 SEK
EUR/SGD 1.5157 1.5162 5.4 -3.84 -2.34 SGD
EUR/TRY 4.0362 4.0410 48.6 -85.04 4.02 TRY
EUR/USD 1.0603 1.0605 1.8 -2.66 -2.03 SUD
EUR/ZAR 14.508 14.517 90.0 -54.12 23.69 ZAR
GBP/AUD 1.6113 1.61200 6.8 -3.3 0 AUD
GBP/CAD 1.5854 1.5859 5.6 -2.6 -2.65 CAD
GBP/CHF 1.2177 1.2182 5.4 0 -2.95 CHF
GBP/CZK 30.692 30.7140 217.0 -3.01 -4.06 CZK
GBP/DKK 8.4485 8.4509 23.9 -3.93 -6.6 DKK
GBP/HKD 9.3427 9.3447 20.0 -5.77 -7.51 HKD
GBP/HUF 349.620 349.870 2,500.0 -3.99 -3.63 HUF
GBP/JPY 137.49 137.54 4.8 -2.22 -2.84 JPY
GBP/MXN 26.0820 26.091 96.0 -230.4 -2.06 MXN
GBP/NOK 10.281 10.286 55.2 -5.93 -6.36 NOK
GBP/NZD 1.6965 1.6973 8.1 -3.78 0.3 NZD
GBP/PLN 4.96900 4.97280 38.0 -5.77 -3.03 PLN
GBP/SEK 10.790 10.796 56.1 0.39 -10.83 SEK
GBP/SGD 1.7220 1.7228 8.0 -3.77 -2.87 SGD
GBP/TRY 4.5854 4.5919 65.1 -96.08 4.11 TRY
GBP/USD 1.2046 1.2050 3.7 -2.57 -2.32 USD
GBP/ZAR 16.483 16.4950 113.0 -51.35 23.12 ZAR
NOK/SEK 1.04900 1.04950 5.0 -1.96 -2.75 SEK
NZD/CAD 0.9341 0.9346 4.8 -1.75 -2.87 CAD
NZD/CHF 0.71750 0.7179 4.5 -1.58 -2.91 CHF
NZD/JPY 81.0210 81.0590 3.8 -1.67 -2.87 JPY
NZD/SGD 1.0147 1.0152 5.0 -2.37 -3.01 SGD
NZD/USD 0.7098 0.7101 3.2 -1.77 -2.71 USD
USD/CAD 1.31600 1.3162 2.4 -2.4 -2.45 CAD
USD/CHF 1.0108 1.01110 2.5 -1.96 -2.64 CHF
USD/CNH 6.85720 6.86050 33.0 -4.43 -3.03 CNH
USD/CZK 25.4760 25.4900 140.0 -2.81 -3.69 CZK
USD/DKK 7.01280 7.0137 9.7 -2.84 -5.29 DKK
USD/HKD 7.7550 7.7554 4.2 -4.36 -6.16 HKD
USD/HUF 290.180 290.390 2,100.0 -3.23 -3.23 HUF
USD/ILS 3.82700 3.83200 50.0 -2.04 -2.04 ILS
USD/JPY 114.13 114.15 2.0 -2.07 -2.64 JPY
USD/MXN 21.647 21.655 81.7 -167.05 0.49 MXN
USD/NOK 8.5342 8.5368 25.6 -4.19 -5.04 NOK
USD/PLN 4.12470 4.12690 22.0 -5.79 -1.99 PLN
USD/RUB 59.879 59.895 159.0 -335 14.67 RUB
USD/SEK 8.9573 8.9599 25.9 1.1 -8.46 SEK
USD/SGD 1.4293 1.4298 5.1 -3.22 -2.62 SGD
USD/TRY 3.8051 3.8102 50.5 -63.6 1.9 TRY
USD/ZAR 13.676 13.692 159.0 -45.11 16.41 ZAR

Example of Swap calculation

If you are long 1 lot of USD/JPY overnight and the position is rolled for 1 day, the swap (the cost of holding the position overnight) is :

  • If long swap points of USD/JPY = -0.24
  • Contract size = 100,000 ( 1 Lot = 100,000 of the first-named currency)
  • Period(Day) = 1
  • Swap calculation = -0.00024 * 100,000 * 1 = -24 JPY

If when the swap is applied to your account, the currency of your account is USD and USD/JPY is 123.456, finally -0.19(USD) will be applied to your one at end of day(16:59 GMT-05)