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 0.9975 0.9979 3.7 0.1 -2.81 CAD
AUD/CHF 0.7649 0.7652 2.8 0.23 -2.8 CHF
AUD/JPY 86.6130 86.6390 2.6 0.12 -2.75 JPY
AUD/NZD 1.08340 1.0837 3.8 -2.66 -2.02 NZD
AUD/USD 0.7924 0.7926 2.0 -2.05 -2.45 USD
CAD/CHF 0.7666 0.7669 2.9 -1.98 -2.52 CHF
CAD/JPY 86.8060 86.8340 2.8 0.02 -2.45 JPY
CHF/JPY 113.20 113.23 3.0 -2.54 -2.23 JPY
EUR/AUD 1.48320 1.4834 2.7 -3.57 0.55 AUD
EUR/CAD 1.4798 1.4801 3.3 -2.84 -2.13 CAD
EUR/CHF 1.1347 1.1350 2.5 -2.22 -2.48 CHF
EUR/CZK 26.0620 26.0850 230.0 -3.42 -3.22 CZK
EUR/DKK 7.4366 7.4372 5.8 -5.17 -3.57 DKK
EUR/GBP 0.9130 0.9132 2.1 -2.54 -2.09 GBP
EUR/HKD 9.1958 9.1966 7.8 -7.13 -4.17 HKD
EUR/HUF 303.38 303.62 2,430.0 -4.36 -2.53 HUF
EUR/JPY 128.48 128.50 2.4 -2.45 -2.38 JPY
EUR/MXN 20.837 20.845 73.0 -217.45 3.9 MXN
EUR/NOK 9.3052 9.3095 43.5 -7.26 -2.75 NOK
EUR/NZD 1.60710 1.6074 3.9 -3.85 0.69 NZD
EUR/PLN 4.27570 4.2785 28.5 -6.08 0.37 PLN
EUR/RUB 69.313 69.503 1,906.0 -370.25 61.78 RUB
EUR/SEK 9.5351 9.5384 33.5 -3.56 -6.49 SEK
EUR/SGD 1.6023 1.6027 4.3 -3.84 -2.34 SGD
EUR/TRY 4.1368 4.1398 29.5 -85.04 4.02 TRY
EUR/USD 1.1754 1.1756 1.5 -2.66 -2.03 SUD
EUR/ZAR 15.487 15.507 199.0 -54.12 23.69 ZAR
GBP/AUD 1.6243 1.6246 3.0 -3.3 0 AUD
GBP/CAD 1.6206 1.62100 3.7 -2.6 -2.65 CAD
GBP/CHF 1.2427 1.2430 2.6 0 -2.95 CHF
GBP/CZK 28.532 28.574 424.0 -3.01 -4.06 CZK
GBP/DKK 8.1438 8.1451 12.5 -3.93 -6.6 DKK
GBP/HKD 10.070 10.071 10.0 -5.77 -7.51 HKD
GBP/HUF 332.260 332.500 2,400.0 -3.99 -3.63 HUF
GBP/JPY 140.70 140.73 2.6 -2.22 -2.84 JPY
GBP/MXN 22.820 22.828 81.0 -230.4 -2.06 MXN
GBP/NOK 10.190 10.195 46.1 -5.93 -6.36 NOK
GBP/NZD 1.7598 1.7605 6.5 -3.78 0.3 NZD
GBP/PLN 4.68210 4.68600 39.0 -5.77 -3.03 PLN
GBP/SEK 10.441 10.446 47.9 0.39 -10.83 SEK
GBP/SGD 1.7547 1.7553 6.0 -3.77 -2.87 SGD
GBP/TRY 4.5301 4.5339 38.7 -96.08 4.11 TRY
GBP/USD 1.2873 1.2875 2.0 -2.57 -2.32 USD
GBP/ZAR 16.9610 16.982 219.0 -51.35 23.12 ZAR
NOK/SEK 1.02400 1.02450 5.0 -1.96 -2.75 SEK
NZD/CAD 0.9206 0.9210 4.1 -1.75 -2.87 CAD
NZD/CHF 0.7059 0.7062 2.9 -1.58 -2.91 CHF
NZD/JPY 79.9300 79.9600 3.0 -1.67 -2.87 JPY
NZD/SGD 0.9968 0.9973 5.0 -2.37 -3.01 SGD
NZD/USD 0.7312 0.7315 3.0 -1.77 -2.71 USD
USD/CAD 1.2588 1.2590 2.0 -2.4 -2.45 CAD
USD/CHF 0.96530 0.9655 2.4 -1.96 -2.64 CHF
USD/CNH 6.67670 6.67860 19.0 -4.43 -3.03 CNH
USD/CZK 22.1690 22.1900 210.0 -2.81 -3.69 CZK
USD/DKK 6.3258 6.3266 7.6 -2.84 -5.29 DKK
USD/HKD 7.8226 7.8229 3.5 -4.36 -6.16 HKD
USD/HUF 258.080 258.280 2,000.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 109.29 109.31 1.5 -2.07 -2.64 JPY
USD/MXN 17.724 17.733 96.4 -167.05 0.49 MXN
USD/NOK 7.9160 7.9187 27.1 -4.19 -5.04 NOK
USD/PLN 3.63720 3.63950 23.0 -5.79 -1.99 PLN
USD/RUB 59.045 59.106 614.0 -335 14.67 RUB
USD/SEK 8.1110 8.1139 28.5 1.1 -8.46 SEK
USD/SGD 1.36310 1.3633 2.8 -3.22 -2.62 SGD
USD/TRY 3.51770 3.5208 31.2 -63.6 1.9 TRY
USD/ZAR 13.1730 13.193 202.0 -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)