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 0.9666 0.9670 4.0 0.1 -2.81 CAD
AUD/CHF 0.7480 0.7483 2.8 0.23 -2.8 CHF
AUD/JPY 84.7520 84.7790 2.7 0.12 -2.75 JPY
AUD/NZD 1.10750 1.1078 3.3 -2.66 -2.02 NZD
AUD/USD 0.75620 0.7564 2.2 -2.05 -2.45 USD
CAD/CHF 0.7737 0.7740 3.1 -1.98 -2.52 CHF
CAD/JPY 87.6570 87.6860 2.9 0.02 -2.45 JPY
CHF/JPY 113.27 113.30 3.1 -2.54 -2.23 JPY
EUR/AUD 1.5512 1.5515 2.7 -3.57 0.55 AUD
EUR/CAD 1.4998 1.5001 3.5 -2.84 -2.13 CAD
EUR/CHF 1.1606 1.1609 2.4 -2.22 -2.48 CHF
EUR/CZK 25.5480 25.5660 180.0 -3.42 -3.22 CZK
EUR/DKK 7.4407 7.44140 6.5 -5.17 -3.57 DKK
EUR/GBP 0.8885 0.8887 2.3 -2.54 -2.09 GBP
EUR/HKD 9.1663 9.1671 7.9 -7.13 -4.17 HKD
EUR/HUF 311.690 311.94 2,590.0 -4.36 -2.53 HUF
EUR/JPY 131.49 131.51 2.0 -2.45 -2.38 JPY
EUR/MXN 22.221 22.229 82.0 -217.45 3.9 MXN
EUR/NOK 9.6914 9.69520 37.8 -7.26 -2.75 NOK
EUR/NZD 1.7182 1.7187 4.4 -3.85 0.69 NZD
EUR/PLN 4.23060 4.23300 24.0 -6.08 0.37 PLN
EUR/RUB 69.5890 69.819 2,302.0 -370.25 61.78 RUB
EUR/SEK 9.89990 9.9024 25.2 -3.56 -6.49 SEK
EUR/SGD 1.5921 1.5926 4.6 -3.84 -2.34 SGD
EUR/TRY 4.53610 4.5380 19.4 -85.04 4.02 TRY
EUR/USD 1.1732 1.1734 1.4 -2.66 -2.03 SUD
EUR/ZAR 16.455 16.465 95.0 -54.12 23.69 ZAR
GBP/AUD 1.7456 1.7460 3.6 -3.3 0 AUD
GBP/CAD 1.6877 1.6881 4.4 -2.6 -2.65 CAD
GBP/CHF 1.3061 1.3063 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.37290 8.37440 15.0 -3.93 -6.6 DKK
GBP/HKD 10.314 10.316 12.0 -5.77 -7.51 HKD
GBP/HUF 350.770 351.030 2,600.0 -3.99 -3.63 HUF
GBP/JPY 147.97 1480000 2.6 -2.22 -2.84 JPY
GBP/MXN 25.005 25.015 99.0 -230.4 -2.06 MXN
GBP/NOK 10.905 10.910 50.0 -5.93 -6.36 NOK
GBP/NZD 1.9333 1.9343 10.1 -3.78 0.3 NZD
GBP/PLN 4.7602 4.76380 35.8 -5.77 -3.03 PLN
GBP/SEK 11.139 11.144 41.6 0.39 -10.83 SEK
GBP/SGD 1.7916 1.7922 5.8 -3.77 -2.87 SGD
GBP/TRY 5.1041 5.1070 29.4 -96.08 4.11 TRY
GBP/USD 1.3203 1.3205 2.0 -2.57 -2.32 USD
GBP/ZAR 18.517 18.528 111.0 -51.35 23.12 ZAR
NOK/SEK 1.02100 1.02150 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8726 0.8730 4.3 -1.75 -2.87 CAD
NZD/CHF 0.6753 0.6756 3.0 -1.58 -2.91 CHF
NZD/JPY 76.5090 76.5390 3.0 -1.67 -2.87 JPY
NZD/SGD 0.9264 0.9268 4.0 -2.37 -3.01 SGD
NZD/USD 0.6826 0.6829 2.7 -1.77 -2.71 USD
USD/CAD 1.2782 1.2784 2.1 -2.4 -2.45 CAD
USD/CHF 0.9891 0.9893 1.8 -1.96 -2.64 CHF
USD/CNH 6.64160 6.64330 17.0 -4.43 -3.03 CNH
USD/CZK 21.7730 21.7890 160.0 -2.81 -3.69 CZK
USD/DKK 6.3412 6.34210 8.4 -2.84 -5.29 DKK
USD/HKD 7.8122 7.8125 3.4 -4.36 -6.16 HKD
USD/HUF 265.650 265.850 2,000.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.070 112.08 1.3 -2.07 -2.64 JPY
USD/MXN 18.936 18.945 91.7 -167.05 0.49 MXN
USD/NOK 8.2600 8.26270 26.9 -4.19 -5.04 NOK
USD/PLN 3.60550 3.60750 20.0 -5.79 -1.99 PLN
USD/RUB 58.987 59.139 1,514.0 -335 14.67 RUB
USD/SEK 8.43720 8.4393 21.8 1.1 -8.46 SEK
USD/SGD 1.3569 1.35730 3.2 -3.22 -2.62 SGD
USD/TRY 3.8644 3.8668 23.5 -63.6 1.9 TRY
USD/ZAR 14.023 14.033 101.0 -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)