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 0.9821 0.9825 3.9 0.1 -2.81 CAD
AUD/CHF 0.76720 0.7674 2.7 0.23 -2.8 CHF
AUD/JPY 88.0420 88.0690 2.7 0.12 -2.75 JPY
AUD/NZD 1.0931 1.0934 3.1 -2.66 -2.02 NZD
AUD/USD 0.7835 0.7837 2.1 -2.05 -2.45 USD
CAD/CHF 0.7809 0.7812 2.7 -1.98 -2.52 CHF
CAD/JPY 89.6250 89.6510 2.6 0.02 -2.45 JPY
CHF/JPY 114.74 114.770 2.8 -2.54 -2.23 JPY
EUR/AUD 1.49950 1.4997 2.6 -3.57 0.55 AUD
EUR/CAD 1.4730 1.4733 3.1 -2.84 -2.13 CAD
EUR/CHF 1.1506 1.1508 2.0 -2.22 -2.48 CHF
EUR/CZK 25.7640 25.778 144.0 -3.42 -3.22 CZK
EUR/DKK 7.4437 7.4441 4.2 -5.17 -3.57 DKK
EUR/GBP 0.8912 0.8914 1.8 -2.54 -2.09 GBP
EUR/HKD 9.1743 9.1750 6.3 -7.13 -4.17 HKD
EUR/HUF 307.35 307.52 1,710.0 -4.36 -2.53 HUF
EUR/JPY 132.040 132.06 2.1 -2.45 -2.38 JPY
EUR/MXN 22.288 22.293 51.0 -217.45 3.9 MXN
EUR/NOK 9.3293 9.33240 30.9 -7.26 -2.75 NOK
EUR/NZD 1.6394 1.6397 3.4 -3.85 0.69 NZD
EUR/PLN 4.22480 4.2265 17.8 -6.08 0.37 PLN
EUR/RUB 67.389 67.540 1,506.0 -370.25 61.78 RUB
EUR/SEK 9.5830 9.5850 19.5 -3.56 -6.49 SEK
EUR/SGD 1.59450 1.5949 4.3 -3.84 -2.34 SGD
EUR/TRY 4.3007 4.3018 11.3 -85.04 4.02 TRY
EUR/USD 1.1751 1.1752 1.5 -2.66 -2.03 SUD
EUR/ZAR 15.762 15.768 58.0 -54.12 23.69 ZAR
GBP/AUD 1.6822 1.6825 3.6 -3.3 0 AUD
GBP/CAD 1.6525 1.6528 3.5 -2.6 -2.65 CAD
GBP/CHF 1.2908 1.29110 2.3 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.3507 8.3517 9.8 -3.93 -6.6 DKK
GBP/HKD 10.292 10.293 9.0 -5.77 -7.51 HKD
GBP/HUF 344.820 3450000 1,800.0 -3.99 -3.63 HUF
GBP/JPY 148.13 148.15 2.5 -2.22 -2.84 JPY
GBP/MXN 25.004 25.010 58.0 -230.4 -2.06 MXN
GBP/NOK 10.466 10.470 41.1 -5.93 -6.36 NOK
GBP/NZD 1.8390 1.8397 7.1 -3.78 0.3 NZD
GBP/PLN 4.73920 4.74220 30.0 -5.77 -3.03 PLN
GBP/SEK 10.750 10.753 33.9 0.39 -10.83 SEK
GBP/SGD 1.7887 1.7892 5.0 -3.77 -2.87 SGD
GBP/TRY 4.8245 4.8264 18.8 -96.08 4.11 TRY
GBP/USD 1.3183 1.3185 2.0 -2.57 -2.32 USD
GBP/ZAR 17.683 17.690 66.0 -51.35 23.12 ZAR
NOK/SEK 1.02700 1.02700 0.0 -1.96 -2.75 SEK
NZD/CAD 0.8982 0.8986 4.0 -1.75 -2.87 CAD
NZD/CHF 0.7016 0.7019 2.7 -1.58 -2.91 CHF
NZD/JPY 80.5260 80.5520 2.6 -1.67 -2.87 JPY
NZD/SGD 0.9723 0.9727 4.0 -2.37 -3.01 SGD
NZD/USD 0.7166 0.7168 2.5 -1.77 -2.71 USD
USD/CAD 1.2534 1.2536 2.1 -2.4 -2.45 CAD
USD/CHF 0.9790 0.9792 1.6 -1.96 -2.64 CHF
USD/CNH 6.61550 6.61720 17.0 -4.43 -3.03 CNH
USD/CZK 21.9240 21.935 119.0 -2.81 -3.69 CZK
USD/DKK 6.3339 6.3344 5.3 -2.84 -5.29 DKK
USD/HKD 7.8067 7.8070 3.4 -4.36 -6.16 HKD
USD/HUF 261.530 261.680 1,500.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.35 112.37 1.5 -2.07 -2.64 JPY
USD/MXN 18.965 18.968 32.4 -167.05 0.49 MXN
USD/NOK 7.9387 7.94090 21.5 -4.19 -5.04 NOK
USD/PLN 3.59490 3.59660 17.0 -5.79 -1.99 PLN
USD/RUB 57.344 57.465 1,214.0 -335 14.67 RUB
USD/SEK 8.1543 8.1560 17.5 1.1 -8.46 SEK
USD/SGD 1.35680 1.3570 2.7 -3.22 -2.62 SGD
USD/TRY 3.6584 3.6596 11.4 -63.6 1.9 TRY
USD/ZAR 13.412 13.418 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)