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 0.9789 0.9792 3.3 0.1 -2.81 CAD
AUD/CHF 0.7673 0.7676 2.9 0.23 -2.8 CHF
AUD/JPY 88.2580 88.2850 2.7 0.12 -2.75 JPY
AUD/NZD 1.0953 1.0955 2.3 -2.66 -2.02 NZD
AUD/USD 0.7896 0.7898 2.1 -2.05 -2.45 USD
CAD/CHF 0.7837 0.7840 2.9 -1.98 -2.52 CHF
CAD/JPY 90.1440 90.1690 2.5 0.02 -2.45 JPY
CHF/JPY 114.99 115.02 2.9 -2.54 -2.23 JPY
EUR/AUD 1.4926 1.49290 2.7 -3.57 0.55 AUD
EUR/CAD 1.4614 1.4617 2.9 -2.84 -2.13 CAD
EUR/CHF 1.1455 1.1458 2.2 -2.22 -2.48 CHF
EUR/CZK 26.0540 26.0690 150.0 -3.42 -3.22 CZK
EUR/DKK 7.4399 7.4403 4.1 -5.17 -3.57 DKK
EUR/GBP 0.8775 0.8777 2.0 -2.54 -2.09 GBP
EUR/HKD 9.2083 9.2089 5.8 -7.13 -4.17 HKD
EUR/HUF 310.790 310.96 1,710.0 -4.36 -2.53 HUF
EUR/JPY 131.76 131.780 1.9 -2.45 -2.38 JPY
EUR/MXN 21.155 21.160 53.0 -217.45 3.9 MXN
EUR/NOK 9.2798 9.2829 31.1 -7.26 -2.75 NOK
EUR/NZD 1.6349 1.6353 4.2 -3.85 0.69 NZD
EUR/PLN 4.28210 4.28410 20.0 -6.08 0.37 PLN
EUR/RUB 67.812 68.044 2,322.0 -370.25 61.78 RUB
EUR/SEK 9.54400 9.5459 19.5 -3.56 -6.49 SEK
EUR/SGD 1.5960 1.5964 4.2 -3.84 -2.34 SGD
EUR/TRY 4.1767 4.1776 9.4 -85.04 4.02 TRY
EUR/USD 1.1788 1.1790 1.5 -2.66 -2.03 SUD
EUR/ZAR 15.729 15.734 58.0 -54.12 23.69 ZAR
GBP/AUD 1.7007 1.70110 3.5 -3.3 0 AUD
GBP/CAD 1.6652 1.6655 3.1 -2.6 -2.65 CAD
GBP/CHF 1.30530 1.3055 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.4771 8.4781 9.9 -3.93 -6.6 DKK
GBP/HKD 10.492 10.493 8.0 -5.77 -7.51 HKD
GBP/HUF 354.140 354.320 1,800.0 -3.99 -3.63 HUF
GBP/JPY 150.12 150.15 2.6 -2.22 -2.84 JPY
GBP/MXN 24.105 24.111 62.0 -230.4 -2.06 MXN
GBP/NOK 10.573 10.577 35.1 -5.93 -6.36 NOK
GBP/NZD 1.8627 1.8635 8.2 -3.78 0.3 NZD
GBP/PLN 4.87880 4.88190 31.0 -5.77 -3.03 PLN
GBP/SEK 10.874 10.877 34.1 0.39 -10.83 SEK
GBP/SGD 1.8186 1.8190 4.4 -3.77 -2.87 SGD
GBP/TRY 4.7588 4.7605 17.5 -96.08 4.11 TRY
GBP/USD 1.3432 1.3434 1.9 -2.57 -2.32 USD
GBP/ZAR 17.922 17.929 67.0 -51.35 23.12 ZAR
NOK/SEK 1.02800 1.02800 0.0 -1.96 -2.75 SEK
NZD/CAD 0.8936 0.8940 4.4 -1.75 -2.87 CAD
NZD/CHF 0.7005 0.7007 2.8 -1.58 -2.91 CHF
NZD/JPY 80.5690 80.5970 2.8 -1.67 -2.87 JPY
NZD/SGD 0.9759 0.9764 5.0 -2.37 -3.01 SGD
NZD/USD 0.7208 0.72110 2.4 -1.77 -2.71 USD
USD/CAD 1.2396 1.2398 1.9 -2.4 -2.45 CAD
USD/CHF 0.9716 0.97190 2.1 -1.96 -2.64 CHF
USD/CNH 6.62410 6.62580 17.0 -4.43 -3.03 CNH
USD/CZK 22.0980 22.1110 130.0 -2.81 -3.69 CZK
USD/DKK 6.3105 6.3110 5.3 -2.84 -5.29 DKK
USD/HKD 7.8107 7.8110 2.9 -4.36 -6.16 HKD
USD/HUF 263.620 263.760 1,400.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 111.760 111.77 1.5 -2.07 -2.64 JPY
USD/MXN 17.944 17.948 35.5 -167.05 0.49 MXN
USD/NOK 7.8716 7.8735 18.2 -4.19 -5.04 NOK
USD/PLN 3.63210 3.63380 17.0 -5.79 -1.99 PLN
USD/RUB 57.550 57.641 914.0 -335 14.67 RUB
USD/SEK 8.0952 8.0970 17.4 1.1 -8.46 SEK
USD/SGD 1.3538 1.3541 3.0 -3.22 -2.62 SGD
USD/TRY 3.5415 3.5424 8.9 -63.6 1.9 TRY
USD/ZAR 13.341 13.347 60.0 -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)