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 1.00150 1.0019 4.2 0.1 -2.81 CAD
AUD/CHF 0.7556 0.7559 3.1 0.23 -2.8 CHF
AUD/JPY 85.6040 85.6400 3.6 0.12 -2.75 JPY
AUD/NZD 1.0476 1.0480 3.6 -2.66 -2.02 NZD
AUD/USD 0.7564 0.7566 2.5 -2.05 -2.45 USD
CAD/CHF 0.7544 0.7547 3.1 -1.98 -2.52 CHF
CAD/JPY 85.4610 85.4920 3.1 0.02 -2.45 JPY
CHF/JPY 113.26 113.29 2.9 -2.54 -2.23 JPY
EUR/AUD 1.4194 1.4198 3.6 -3.57 0.55 AUD
EUR/CAD 1.4218 1.4222 3.6 -2.84 -2.13 CAD
EUR/CHF 1.0729 1.0731 2.5 -2.22 -2.48 CHF
EUR/CZK 27.022 27.036 130.4 -3.42 -3.22 CZK
EUR/DKK 7.4360 7.4365 5.0 -5.17 -3.57 DKK
EUR/GBP 0.86010 0.8603 2.4 -2.54 -2.09 GBP
EUR/HKD 8.3306 8.3313 6.6 -7.13 -4.17 HKD
EUR/HUF 310.34 310.55 2,100.4 -4.36 -2.53 HUF
EUR/JPY 121.53 121.56 2.9 -2.45 -2.38 JPY
EUR/MXN 22.934 22.945 106.4 -217.45 3.9 MXN
EUR/NOK 8.9837 8.9869 32.4 -7.26 -2.75 NOK
EUR/NZD 1.4872 1.4876 3.9 -3.85 0.69 NZD
EUR/PLN 4.3739 4.3758 18.4 -6.08 0.37 PLN
EUR/RUB 63.671 63.905 2,332.4 -370.25 61.78 RUB
EUR/SEK 9.4949 9.4970 20.8 -3.56 -6.49 SEK
EUR/SGD 1.5237 1.52420 4.6 -3.84 -2.34 SGD
EUR/TRY 4.04860 4.0509 23.4 -85.04 4.02 TRY
EUR/USD 1.0738 1.0740 2.1 -2.66 -2.03 SUD
EUR/ZAR 14.468 14.476 78.4 -54.12 23.69 ZAR
GBP/AUD 1.6500 1.6505 4.6 -3.3 0 AUD
GBP/CAD 1.6528 1.6533 4.6 -2.6 -2.65 CAD
GBP/CHF 1.2472 1.2475 3.5 0 -2.95 CHF
GBP/CZK 31.216 31.273 569.4 -3.01 -4.06 CZK
GBP/DKK 8.6437 8.6453 15.7 -3.93 -6.6 DKK
GBP/HKD 9.6839 9.6851 12.4 -5.77 -7.51 HKD
GBP/HUF 360.74 361.02 2,700.4 -3.99 -3.63 HUF
GBP/JPY 141.27 141.32 4.2 -2.22 -2.84 JPY
GBP/MXN 26.660 26.674 137.4 -230.4 -2.06 MXN
GBP/NOK 10.443 10.447 42.7 -5.93 -6.36 NOK
GBP/NZD 1.7270 1.7309 38.7 -3.78 0.3 NZD
GBP/PLN 5.0838 5.0876 37.4 -5.77 -3.03 PLN
GBP/SEK 11.036 11.0410 41.2 0.39 -10.83 SEK
GBP/SGD 1.7713 1.7718 5.4 -3.77 -2.87 SGD
GBP/TRY 4.7060 4.7094 33.6 -96.08 4.11 TRY
GBP/USD 1.2483 1.2486 3.0 -2.57 -2.32 USD
GBP/ZAR 16.818 16.829 105.4 -51.35 23.12 ZAR
NOK/SEK 1.0564 1.0565 0.4 -1.96 -2.75 SEK
NZD/CAD 0.9557 0.9562 4.6 -1.75 -2.87 CAD
NZD/CHF 0.7212 0.7215 3.2 -1.58 -2.91 CHF
NZD/JPY 81.6990 81.7330 3.4 -1.67 -2.87 JPY
NZD/SGD 1.0243 1.0247 4.4 -2.37 -3.01 SGD
NZD/USD 0.7218 0.7221 3.2 -1.77 -2.71 USD
USD/CAD 1.3239 1.3242 2.5 -2.4 -2.45 CAD
USD/CHF 0.9990 0.9992 2.0 -1.96 -2.64 CHF
USD/CNH 6.8201 6.8221 19.4 -4.43 -3.03 CNH
USD/CZK 25.160 25.174 130.4 -2.81 -3.69 CZK
USD/DKK 6.9235 6.9242 6.8 -2.84 -5.29 DKK
USD/HKD 7.7567 7.7571 3.6 -4.36 -6.16 HKD
USD/HUF 288.95 289.16 2,000.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 113.16 113.18 2.1 -2.07 -2.64 JPY
USD/MXN 21.348 21.359 108.4 -167.05 0.49 MXN
USD/NOK 8.3652 8.3672 20.5 -4.19 -5.04 NOK
USD/PLN 4.0725 4.0744 18.4 -5.79 -1.99 PLN
USD/RUB 59.489 59.535 464.4 -335 14.67 RUB
USD/SEK 8.8408 8.8428 20.3 1.1 -8.46 SEK
USD/SGD 1.41880 1.4191 3.6 -3.22 -2.62 SGD
USD/TRY 3.7689 3.7707 18.2 -63.6 1.9 TRY
USD/ZAR 13.471 13.478 67.4 -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)