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 1.0016 1.00200 3.7 0.1 -2.81 CAD
AUD/CHF 0.7557 0.7560 2.9 0.23 -2.8 CHF
AUD/JPY 85.5930 85.6270 3.4 0.12 -2.75 JPY
AUD/NZD 1.0476 1.0479 3.5 -2.66 -2.02 NZD
AUD/USD 0.7565 0.7567 2.0 -2.05 -2.45 USD
CAD/CHF 0.7544 0.7547 2.8 -1.98 -2.52 CHF
CAD/JPY 85.4420 85.4690 2.7 0.02 -2.45 JPY
CHF/JPY 113.23 113.26 3.2 -2.54 -2.23 JPY
EUR/AUD 1.4193 1.4196 3.4 -3.57 0.55 AUD
EUR/CAD 1.4218 1.4222 3.4 -2.84 -2.13 CAD
EUR/CHF 1.0729 1.0731 2.1 -2.22 -2.48 CHF
EUR/CZK 27.0230 27.0360 130.0 -3.42 -3.22 CZK
EUR/DKK 7.4360 7.4365 5.0 -5.17 -3.57 DKK
EUR/GBP 0.8599 0.8601 2.1 -2.54 -2.09 GBP
EUR/HKD 8.3304 8.3312 8.3 -7.13 -4.17 HKD
EUR/HUF 310.34 310.55 2,100.0 -4.36 -2.53 HUF
EUR/JPY 121.51 121.53 2.4 -2.45 -2.38 JPY
EUR/MXN 22.935 22.944 95.0 -217.45 3.9 MXN
EUR/NOK 8.98400 8.98720 32.0 -7.26 -2.75 NOK
EUR/NZD 1.4870 1.4874 4.3 -3.85 0.69 NZD
EUR/PLN 4.37410 4.37590 18.0 -6.08 0.37 PLN
EUR/RUB 63.671 63.9050 2,332.0 -370.25 61.78 RUB
EUR/SEK 9.4951 9.49690 17.8 -3.56 -6.49 SEK
EUR/SGD 1.5234 1.52390 4.5 -3.84 -2.34 SGD
EUR/TRY 4.0498 4.0517 19.3 -85.04 4.02 TRY
EUR/USD 1.0739 1.0740 1.6 -2.66 -2.03 SUD
EUR/ZAR 14.478 14.4870 82.0 -54.12 23.69 ZAR
GBP/AUD 1.6503 1.6507 4.1 -3.3 0 AUD
GBP/CAD 1.6533 1.65370 3.9 -2.6 -2.65 CAD
GBP/CHF 1.2475 1.24790 3.5 0 -2.95 CHF
GBP/CZK 31.216 31.273 569.0 -3.01 -4.06 CZK
GBP/DKK 8.6458 8.6474 15.8 -3.93 -6.6 DKK
GBP/HKD 9.6862 9.6874 12.0 -5.77 -7.51 HKD
GBP/HUF 360.850 361.120 2,700.0 -3.99 -3.63 HUF
GBP/JPY 141.28 141.320 3.7 -2.22 -2.84 JPY
GBP/MXN 26.6680 26.679 115.0 -230.4 -2.06 MXN
GBP/NOK 10.445 10.450 42.3 -5.93 -6.36 NOK
GBP/NZD 1.7271 1.7309 38.3 -3.78 0.3 NZD
GBP/PLN 5.08510 5.08890 38.0 -5.77 -3.03 PLN
GBP/SEK 11.039 11.043 41.3 0.39 -10.83 SEK
GBP/SGD 1.7714 1.7719 4.9 -3.77 -2.87 SGD
GBP/TRY 4.7087 4.7115 28.8 -96.08 4.11 TRY
GBP/USD 1.2486 1.2489 2.6 -2.57 -2.32 USD
GBP/ZAR 16.8350 16.845 105.0 -51.35 23.12 ZAR
NOK/SEK 1.05650 1.05650 0.0 -1.96 -2.75 SEK
NZD/CAD 0.9559 0.9563 4.3 -1.75 -2.87 CAD
NZD/CHF 0.7213 0.7216 3.1 -1.58 -2.91 CHF
NZD/JPY 81.6940 81.7260 3.2 -1.67 -2.87 JPY
NZD/SGD 1.0242 1.0247 5.0 -2.37 -3.01 SGD
NZD/USD 0.7219 0.7222 2.8 -1.77 -2.71 USD
USD/CAD 1.3239 1.3241 2.0 -2.4 -2.45 CAD
USD/CHF 0.9990 0.9992 1.8 -1.96 -2.64 CHF
USD/CNH 6.81790 6.81970 18.0 -4.43 -3.03 CNH
USD/CZK 25.1600 25.1740 140.0 -2.81 -3.69 CZK
USD/DKK 6.9236 6.9245 8.5 -2.84 -5.29 DKK
USD/HKD 7.75680 7.7571 3.1 -4.36 -6.16 HKD
USD/HUF 288.960 289.170 2,100.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 113.14 113.15 1.6 -2.07 -2.64 JPY
USD/MXN 21.345 21.360 144.0 -167.05 0.49 MXN
USD/NOK 8.3655 8.36740 18.9 -4.19 -5.04 NOK
USD/PLN 4.07270 4.07450 18.0 -5.79 -1.99 PLN
USD/RUB 59.489 59.535 464.0 -335 14.67 RUB
USD/SEK 8.8409 8.84250 15.7 1.1 -8.46 SEK
USD/SGD 1.4185 1.4188 2.8 -3.22 -2.62 SGD
USD/TRY 3.7699 3.7717 17.8 -63.6 1.9 TRY
USD/ZAR 13.481 13.488 68.0 -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)