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 1.00020 1.0006 4.1 0.1 -2.81 CAD
AUD/CHF 0.7239 0.7242 2.8 0.23 -2.8 CHF
AUD/JPY 82.8070 82.8340 2.7 0.12 -2.75 JPY
AUD/NZD 1.0508 1.0511 3.1 -2.66 -2.02 NZD
AUD/USD 0.7437 0.7439 2.1 -2.05 -2.45 USD
CAD/CHF 0.7236 0.7239 2.9 -1.98 -2.52 CHF
CAD/JPY 82.7720 82.8030 3.1 0.02 -2.45 JPY
CHF/JPY 114.36 114.39 2.7 -2.54 -2.23 JPY
EUR/AUD 1.5037 1.5039 2.7 -3.57 0.55 AUD
EUR/CAD 1.5042 1.5046 3.7 -2.84 -2.13 CAD
EUR/CHF 1.0888 1.0890 1.9 -2.22 -2.48 CHF
EUR/CZK 26.4210 26.4340 130.0 -3.42 -3.22 CZK
EUR/DKK 7.4406 7.4411 4.6 -5.17 -3.57 DKK
EUR/GBP 0.8707 0.8709 1.9 -2.54 -2.09 GBP
EUR/HKD 8.7190 8.7197 7.5 -7.13 -4.17 HKD
EUR/HUF 307.70 307.89 1,900.0 -4.36 -2.53 HUF
EUR/JPY 124.53 124.56 2.5 -2.45 -2.38 JPY
EUR/MXN 20.663 20.668 58.0 -217.45 3.9 MXN
EUR/NOK 9.3990 9.40220 31.2 -7.26 -2.75 NOK
EUR/NZD 1.5804 1.5807 3.8 -3.85 0.69 NZD
EUR/PLN 4.17450 4.17600 15.0 -6.08 0.37 PLN
EUR/RUB 63.067 63.267 2,003.0 -370.25 61.78 RUB
EUR/SEK 9.7245 9.72640 18.1 -3.56 -6.49 SEK
EUR/SGD 1.54790 1.5483 4.7 -3.84 -2.34 SGD
EUR/TRY 4.0035 4.0049 13.4 -85.04 4.02 TRY
EUR/USD 1.1185 1.1186 1.5 -2.66 -2.03 SUD
EUR/ZAR 14.470 14.477 69.0 -54.12 23.69 ZAR
GBP/AUD 1.7266 1.7270 4.0 -3.3 0 AUD
GBP/CAD 1.7273 1.7277 4.0 -2.6 -2.65 CAD
GBP/CHF 1.2502 1.25050 2.8 0 -2.95 CHF
GBP/CZK 30.336 30.362 265.0 -3.01 -4.06 CZK
GBP/DKK 8.5436 8.5446 10.4 -3.93 -6.6 DKK
GBP/HKD 10.011 10.012 7.1 -5.77 -7.51 HKD
GBP/HUF 353.340 353.540 2,000.0 -3.99 -3.63 HUF
GBP/JPY 143.00 143.030 2.4 -2.22 -2.84 JPY
GBP/MXN 23.727 23.734 63.0 -230.4 -2.06 MXN
GBP/NOK 10.793 10.796 36.9 -5.93 -6.36 NOK
GBP/NZD 1.8147 1.8151 4.8 -3.78 0.3 NZD
GBP/PLN 4.79290 4.79590 30.0 -5.77 -3.03 PLN
GBP/SEK 11.165 11.169 37.8 0.39 -10.83 SEK
GBP/SGD 1.7774 1.7779 5.0 -3.77 -2.87 SGD
GBP/TRY 4.5968 4.5989 20.5 -96.08 4.11 TRY
GBP/USD 1.2843 1.2845 1.9 -2.57 -2.32 USD
GBP/ZAR 16.615 16.623 76.0 -51.35 23.12 ZAR
NOK/SEK 1.03400 1.03450 5.0 -1.96 -2.75 SEK
NZD/CAD 0.95160 0.9520 4.6 -1.75 -2.87 CAD
NZD/CHF 0.6887 0.6890 2.9 -1.58 -2.91 CHF
NZD/JPY 78.7850 78.8130 2.8 -1.67 -2.87 JPY
NZD/SGD 0.9792 0.9796 4.0 -2.37 -3.01 SGD
NZD/USD 0.7075 0.7078 2.5 -1.77 -2.71 USD
USD/CAD 1.3448 1.3450 2.0 -2.4 -2.45 CAD
USD/CHF 0.9733 0.9735 1.6 -1.96 -2.64 CHF
USD/CNH 6.81460 6.81640 18.0 -4.43 -3.03 CNH
USD/CZK 23.6190 23.6320 130.0 -2.81 -3.69 CZK
USD/DKK 6.6516 6.6523 7.0 -2.84 -5.29 DKK
USD/HKD 7.7943 7.7946 3.2 -4.36 -6.16 HKD
USD/HUF 275.080 275.250 1,700.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 111.33 111.35 1.6 -2.07 -2.64 JPY
USD/MXN 18.472 18.476 44.8 -167.05 0.49 MXN
USD/NOK 8.4028 8.4050 21.3 -4.19 -5.04 NOK
USD/PLN 3.73170 3.73330 16.0 -5.79 -1.99 PLN
USD/RUB 56.464 56.505 414.0 -335 14.67 RUB
USD/SEK 8.6934 8.69530 18.5 1.1 -8.46 SEK
USD/SGD 1.3838 1.3841 3.1 -3.22 -2.62 SGD
USD/TRY 3.5779 3.5792 13.3 -63.6 1.9 TRY
USD/ZAR 12.935 12.942 72.0 -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)