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 1.00680 1.0071 3.9 0.1 -2.81 CAD
AUD/CHF 0.7364 0.7367 2.8 0.23 -2.8 CHF
AUD/JPY 84.9110 84.9400 2.9 0.12 -2.75 JPY
AUD/NZD 1.0390 1.0393 2.9 -2.66 -2.02 NZD
AUD/USD 0.7610 0.7612 2.1 -2.05 -2.45 USD
CAD/CHF 0.7313 0.7315 2.7 -1.98 -2.52 CHF
CAD/JPY 84.3210 84.3490 2.8 0.02 -2.45 JPY
CHF/JPY 115.28 115.31 2.9 -2.54 -2.23 JPY
EUR/AUD 1.4774 1.4777 2.3 -3.57 0.55 AUD
EUR/CAD 1.4878 1.4881 2.7 -2.84 -2.13 CAD
EUR/CHF 1.0882 1.0884 2.2 -2.22 -2.48 CHF
EUR/CZK 26.2620 26.2750 130.0 -3.42 -3.22 CZK
EUR/DKK 7.4354 7.4359 4.7 -5.17 -3.57 DKK
EUR/GBP 0.8821 0.8823 2.1 -2.54 -2.09 GBP
EUR/HKD 8.7725 8.7735 10.4 -7.13 -4.17 HKD
EUR/HUF 309.130 309.310 1,800.0 -4.36 -2.53 HUF
EUR/JPY 125.47 125.49 1.7 -2.45 -2.38 JPY
EUR/MXN 20.061 20.069 80.0 -217.45 3.9 MXN
EUR/NOK 9.5296 9.53280 31.2 -7.26 -2.75 NOK
EUR/NZD 1.53540 1.5357 3.7 -3.85 0.69 NZD
EUR/PLN 4.20950 4.21140 19.0 -6.08 0.37 PLN
EUR/RUB 66.189 66.410 2,217.0 -370.25 61.78 RUB
EUR/SEK 9.7683 9.7703 19.6 -3.56 -6.49 SEK
EUR/SGD 1.5579 1.5583 4.4 -3.84 -2.34 SGD
EUR/TRY 3.9308 3.9322 14.5 -85.04 4.02 TRY
EUR/USD 1.1246 1.1248 1.2 -2.66 -2.03 SUD
EUR/ZAR 14.434 14.443 86.0 -54.12 23.69 ZAR
GBP/AUD 1.6745 1.6749 3.5 -3.3 0 AUD
GBP/CAD 1.68630 1.6866 3.8 -2.6 -2.65 CAD
GBP/CHF 1.2334 1.2337 2.7 0 -2.95 CHF
GBP/CZK 29.758 29.790 320.0 -3.01 -4.06 CZK
GBP/DKK 8.4274 8.4284 10.7 -3.93 -6.6 DKK
GBP/HKD 9.9433 9.9444 11.0 -5.77 -7.51 HKD
GBP/HUF 350.380 350.580 2,000.0 -3.99 -3.63 HUF
GBP/JPY 142.21 142.24 2.9 -2.22 -2.84 JPY
GBP/MXN 22.740 22.747 72.0 -230.4 -2.06 MXN
GBP/NOK 10.801 10.804 38.9 -5.93 -6.36 NOK
GBP/NZD 1.7401 1.7407 5.3 -3.78 0.3 NZD
GBP/PLN 4.77070 4.77390 32.0 -5.77 -3.03 PLN
GBP/SEK 11.070 11.074 36.6 0.39 -10.83 SEK
GBP/SGD 1.7658 1.7663 5.0 -3.77 -2.87 SGD
GBP/TRY 4.4554 4.4573 19.3 -96.08 4.11 TRY
GBP/USD 1.27470 1.2749 2.1 -2.57 -2.32 USD
GBP/ZAR 16.361 16.3710 96.0 -51.35 23.12 ZAR
NOK/SEK 1.02450 1.02500 5.0 -1.96 -2.75 SEK
NZD/CAD 0.9687 0.96920 4.1 -1.75 -2.87 CAD
NZD/CHF 0.7086 0.7089 3.0 -1.58 -2.91 CHF
NZD/JPY 81.7060 81.7340 2.8 -1.67 -2.87 JPY
NZD/SGD 1.0144 1.0149 5.0 -2.37 -3.01 SGD
NZD/USD 0.7323 0.7325 2.6 -1.77 -2.71 USD
USD/CAD 1.3228 1.3230 2.2 -2.4 -2.45 CAD
USD/CHF 0.9675 0.9677 1.8 -1.96 -2.64 CHF
USD/CNH 6.81280 6.81460 18.0 -4.43 -3.03 CNH
USD/CZK 23.3490 23.3640 150.0 -2.81 -3.69 CZK
USD/DKK 6.6107 6.6116 8.5 -2.84 -5.29 DKK
USD/HKD 7.8000 7.8004 3.2 -4.36 -6.16 HKD
USD/HUF 274.850 275.030 1,800.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 111.56 111.57 1.4 -2.07 -2.64 JPY
USD/MXN 17.838 17.844 63.5 -167.05 0.49 MXN
USD/NOK 8.4731 8.47570 25.1 -4.19 -5.04 NOK
USD/PLN 3.74270 3.7444 17.2 -5.79 -1.99 PLN
USD/RUB 58.954 58.980 264.0 -335 14.67 RUB
USD/SEK 8.6848 8.68680 19.2 1.1 -8.46 SEK
USD/SGD 1.3852 1.3855 2.8 -3.22 -2.62 SGD
USD/TRY 3.4941 3.4953 12.0 -63.6 1.9 TRY
USD/ZAR 12.833 12.842 82.9 -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)