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 1.0014 1.00190 4.2 0.1 -2.81 CAD
AUD/CHF 0.7555 0.7558 3.2 0.23 -2.8 CHF
AUD/JPY 85.6170 85.6530 3.6 0.12 -2.75 JPY
AUD/NZD 1.0475 1.0479 3.6 -2.66 -2.02 NZD
AUD/USD 0.7562 0.7565 2.5 -2.05 -2.45 USD
CAD/CHF 0.7542 0.75460 3.1 -1.98 -2.52 CHF
CAD/JPY 85.4760 85.5060 3.0 0.02 -2.45 JPY
CHF/JPY 113.29 113.33 3.4 -2.54 -2.23 JPY
EUR/AUD 1.4195 1.4198 3.7 -3.57 0.55 AUD
EUR/CAD 1.4218 1.4222 3.7 -2.84 -2.13 CAD
EUR/CHF 1.0727 1.07300 2.6 -2.22 -2.48 CHF
EUR/CZK 27.022 27.036 130.4 -3.42 -3.22 CZK
EUR/DKK 7.4360 7.4366 5.4 -5.17 -3.57 DKK
EUR/GBP 0.8599 0.8602 2.6 -2.54 -2.09 GBP
EUR/HKD 8.3291 8.33000 8.2 -7.13 -4.17 HKD
EUR/HUF 310.34 310.56 2,100.4 -4.36 -2.53 HUF
EUR/JPY 121.56 121.58 2.6 -2.45 -2.38 JPY
EUR/MXN 22.936 22.945 93.4 -217.45 3.9 MXN
EUR/NOK 8.9837 8.9870 32.4 -7.26 -2.75 NOK
EUR/NZD 1.4871 1.48760 4.3 -3.85 0.69 NZD
EUR/PLN 4.3740 4.3759 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 1.5232 1.5236 4.7 -3.84 -2.34 SGD
EUR/TRY 4.0485 4.0505 19.4 -85.04 4.02 TRY
EUR/USD 1.0737 1.0739 2.1 -2.66 -2.03 SUD
EUR/ZAR 14.475 14.483 81.4 -54.12 23.69 ZAR
GBP/AUD 1.6503 1.6508 4.6 -3.3 0 AUD
GBP/CAD 1.6531 1.65360 4.4 -2.6 -2.65 CAD
GBP/CHF 1.24720 1.2475 3.9 0 -2.95 CHF
GBP/CZK 31.216 31.273 569.4 -3.01 -4.06 CZK
GBP/DKK 8.6451 8.6466 15.5 -3.93 -6.6 DKK
GBP/HKD 9.6839 9.6851 12.4 -5.77 -7.51 HKD
GBP/HUF 360.81 361.09 2,700.4 -3.99 -3.63 HUF
GBP/JPY 141.32 141.36 4.0 -2.22 -2.84 JPY
GBP/MXN 26.667 26.678 114.4 -230.4 -2.06 MXN
GBP/NOK 10.444 10.449 42.0 -5.93 -6.36 NOK
GBP/NZD 1.7270 1.7309 38.7 -3.78 0.3 NZD
GBP/PLN 5.0847 5.0885 37.4 -5.77 -3.03 PLN
GBP/SEK 11.038 11.042 40.4 0.39 -10.83 SEK
GBP/SGD 1.7710 1.7715 5.4 -3.77 -2.87 SGD
GBP/TRY 4.7068 4.7097 29.2 -96.08 4.11 TRY
GBP/USD 1.2483 1.2486 3.0 -2.57 -2.32 USD
GBP/ZAR 16.829 16.839 106.4 -51.35 23.12 ZAR
NOK/SEK 1.0564 1.0565 0.4 -1.96 -2.75 SEK
NZD/CAD 0.9558 0.9563 4.6 -1.75 -2.87 CAD
NZD/CHF 0.7211 0.7214 3.4 -1.58 -2.91 CHF
NZD/JPY 81.7180 81.7530 3.5 -1.67 -2.87 JPY
NZD/SGD 1.0240 1.0244 4.4 -2.37 -3.01 SGD
NZD/USD 0.7217 0.72210 3.1 -1.77 -2.71 USD
USD/CAD 1.3241 1.3244 2.5 -2.4 -2.45 CAD
USD/CHF 0.99900 0.9992 2.3 -1.96 -2.64 CHF
USD/CNH 6.8187 6.8214 26.4 -4.43 -3.03 CNH
USD/CZK 25.164 25.179 140.4 -2.81 -3.69 CZK
USD/DKK 6.9247 6.9255 8.4 -2.84 -5.29 DKK
USD/HKD 7.7567 7.7571 3.7 -4.36 -6.16 HKD
USD/HUF 289.00 289.22 2,100.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 113.20 113.22 2.0 -2.07 -2.64 JPY
USD/MXN 21.350 21.368 187.4 -167.05 0.49 MXN
USD/NOK 8.3666 8.3688 21.8 -4.19 -5.04 NOK
USD/PLN 4.0732 4.0752 19.4 -5.79 -1.99 PLN
USD/RUB 59.489 59.535 464.4 -335 14.67 RUB
USD/SEK 8.8421 8.8442 20.6 1.1 -8.46 SEK
USD/SGD 1.4185 1.4189 3.5 -3.22 -2.62 SGD
USD/TRY 3.7693 3.7711 18.2 -63.6 1.9 TRY
USD/ZAR 13.483 13.487 44.4 -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)