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 0.99717 0.99759 4.2 0.1 -2.81 CAD
AUD/CHF 0.76874 0.76905 3.1 0.23 -2.8 CHF
AUD/JPY 88.4570 88.4860 2.9 0.12 -2.75 JPY
AUD/NZD 1.09727 1.09762 3.5 -2.66 -2.02 NZD
AUD/USD 0.79825 0.79845 2.0 -2.05 -2.45 USD
CAD/CHF 0.77076 0.77107 3.1 -1.98 -2.52 CHF
CAD/JPY 88.6880 88.7160 2.8 0.02 -2.45 JPY
CHF/JPY 115.046 115.078 3.2 -2.54 -2.23 JPY
EUR/AUD 1.53185 1.53212 2.7 -3.57 0.55 AUD
EUR/CAD 1.52784 1.52819 3.5 -2.84 -2.13 CAD
EUR/CHF 1.17783 1.17807 2.4 -2.22 -2.48 CHF
EUR/CZK 25.3900 25.4129 229.0 -3.42 -3.22 CZK
EUR/DKK 7.44333 7.44402 6.9 -5.17 -3.57 DKK
EUR/GBP 0.88198 0.88220 2.2 -2.54 -2.09 GBP
EUR/HKD 9.56236 9.56315 7.9 -7.13 -4.17 HKD
EUR/HUF 309.124 309.365 2,410.0 -4.36 -2.53 HUF
EUR/JPY 135.529 135.549 2.0 -2.45 -2.38 JPY
EUR/MXN 22.7873 22.7950 77.0 -217.45 3.9 MXN
EUR/NOK 9.61860 9.62486 62.6 -7.26 -2.75 NOK
EUR/NZD 1.68108 1.68150 4.2 -3.85 0.69 NZD
EUR/PLN 4.16990 4.17310 32.0 -6.08 0.37 PLN
EUR/RUB 69.1992 69.3534 1,542.0 -370.25 61.78 RUB
EUR/SEK 9.83138 9.83476 33.8 -3.56 -6.49 SEK
EUR/SGD 1.61586 1.61632 4.6 -3.84 -2.34 SGD
EUR/TRY 4.67930 4.68208 27.8 -85.04 4.02 TRY
EUR/USD 1.22299 1.22314 1.5 -2.66 2.03 USD
EUR/ZAR 14.8123 14.8211 88.0 -54.12 23.69 ZAR
GBP/AUD 1.73661 1.73698 3.7 -3.3 0 AUD
GBP/CAD 1.73207 1.73247 4.0 -2.6 -2.65 CAD
GBP/CHF 1.33529 1.33557 2.8 0 -2.95 CHF
GBP/CZK 28.6171 28.6638 467.0 -3.01 -4.06 CZK
GBP/DKK 8.43783 8.43962 17.9 -3.93 -6.6 DKK
GBP/HKD 10.8405 10.8414 9.0 -5.77 -7.51 HKD
GBP/HUF 350.460 350.710 2,500.0 -3.99 -3.63 HUF
GBP/JPY 153.643 153.669 2.6 -2.22 -2.84 JPY
GBP/MXN 25.8332 25.8420 87.3 -230.4 -2.06 MXN
GBP/NOK 10.9038 10.9117 78.6 -5.93 -6.36 NOK
GBP/NZD 1.90581 1.90631 5.0 -3.78 0.3 NZD
GBP/PLN 4.72700 4.73130 43.0 -5.77 -3.03 PLN
GBP/SEK 11.1449 11.1501 52.4 0.39 -10.83 SEK
GBP/SGD 1.83185 1.83235 5.0 -3.77 -2.87 SGD
GBP/TRY 5.30448 5.30821 37.3 -96.08 4.11 TRY
GBP/USD 1.38644 1.38671 2.7 -2.57 -2.32 USD
GBP/ZAR 16.7922 16.8023 101.0 -51.35 23.12 ZAR
NOK/SEK 1.02150 1.02200 5.0 -1.96 -2.75 SEK
NZD/CAD 0.90862 0.90905 4.3 -1.75 -2.87 CAD
NZD/CHF 0.70047 0.70078 3.1 -1.58 -2.91 CHF
NZD/JPY 80.6010 80.6310 3.0 -1.67 -2.87 JPY
NZD/SGD 0.96095 0.96145 5.0 -2.37 -3.01 SGD
NZD/USD 0.72733 0.72760 2.7 -1.77 -2.71 USD
USD/CAD 1.24922 1.24943 2.1 -2.4 -2.45 CAD
USD/CHF 0.96301 0.96321 2.0 -1.96 -2.64 CHF
USD/CNH 6.40640 6.40810 17.0 -4.43 -3.03 CNH
USD/CZK 20.7600 20.7782 182.0 -2.81 -3.69 CZK
USD/DKK 6.08563 6.08649 8.6 -2.84 -5.29 DKK
USD/HKD 7.81855 7.81881 2.6 -4.36 -6.16 HKD
USD/HUF 252.750 252.940 1,900.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 110.810 110.824 1.4 -2.07 -2.64 JPY
USD/MXN 18.6318 18.6390 72.0 -167.05 0.49 MXN
USD/NOK 7.86460 7.86919 45.9 -4.19 -5.04 NOK
USD/PLN 3.40950 3.41190 24.0 -5.79 -1.99 PLN
USD/RUB 56.6253 56.7167 914.0 -335 14.67 RUB
USD/SEK 8.03831 8.04101 27.0 1.1 -8.46 SEK
USD/SGD 1.32121 1.32148 2.7 -3.22 -2.62 SGD
USD/TRY 3.82443 3.82737 29.4 -63.6 1.9 TRY
USD/ZAR 12.1099 12.1189 90.0 -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)