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 0.9819 0.98240 4.5 0.1 -2.81 CAD
AUD/CHF 0.7670 0.7674 3.9 0.23 -2.8 CHF
AUD/JPY 87.9830 88.0120 2.9 0.12 -2.75 JPY
AUD/NZD 1.0933 1.0937 4.3 -2.66 -2.02 NZD
AUD/USD 0.7843 0.7845 2.6 -2.05 -2.45 USD
CAD/CHF 0.7810 0.78140 3.9 -1.98 -2.52 CHF
CAD/JPY 89.5810 89.6110 3.0 0.02 -2.45 JPY
CHF/JPY 114.66 114.71 4.3 -2.54 -2.23 JPY
EUR/AUD 1.4999 1.5001 2.7 -3.57 0.55 AUD
EUR/CAD 1.4731 1.4735 3.6 -2.84 -2.13 CAD
EUR/CHF 1.1507 1.1511 3.3 -2.22 -2.48 CHF
EUR/CZK 25.7440 25.7690 250.0 -3.42 -3.22 CZK
EUR/DKK 7.4441 7.4447 5.7 -5.17 -3.57 DKK
EUR/GBP 0.89200 0.8922 2.6 -2.54 -2.09 GBP
EUR/HKD 9.1878 9.1888 10.5 -7.13 -4.17 HKD
EUR/HUF 308.04 308.30 2,590.0 -4.36 -2.53 HUF
EUR/JPY 131.990 132.01 2.6 -2.45 -2.38 JPY
EUR/MXN 22.098 22.105 66.0 -217.45 3.9 MXN
EUR/NOK 9.3458 9.3501 43.6 -7.26 -2.75 NOK
EUR/NZD 1.6402 1.6406 4.4 -3.85 0.69 NZD
EUR/PLN 4.23530 4.23820 29.0 -6.08 0.37 PLN
EUR/RUB 67.405 67.629 2,247.0 -370.25 61.78 RUB
EUR/SEK 9.5935 9.5983 47.9 -3.56 -6.49 SEK
EUR/SGD 1.5946 1.5950 4.4 -3.84 -2.34 SGD
EUR/TRY 4.3144 4.3161 17.2 -85.04 4.02 TRY
EUR/USD 1.1766 1.1767 1.4 -2.66 -2.03 SUD
EUR/ZAR 15.760 15.770 105.0 -54.12 23.69 ZAR
GBP/AUD 1.6812 1.68160 3.7 -3.3 0 AUD
GBP/CAD 1.6512 1.6517 5.0 -2.6 -2.65 CAD
GBP/CHF 1.2898 1.29040 5.3 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.3437 8.3454 16.7 -3.93 -6.6 DKK
GBP/HKD 10.298 10.300 18.0 -5.77 -7.51 HKD
GBP/HUF 345.310 345.570 2,600.0 -3.99 -3.63 HUF
GBP/JPY 147.94 147.97 2.7 -2.22 -2.84 JPY
GBP/MXN 24.769 24.778 89.0 -230.4 -2.06 MXN
GBP/NOK 10.475 10.480 51.7 -5.93 -6.36 NOK
GBP/NZD 1.8382 1.8393 11.3 -3.78 0.3 NZD
GBP/PLN 4.74700 4.75110 41.0 -5.77 -3.03 PLN
GBP/SEK 10.752 10.759 69.6 0.39 -10.83 SEK
GBP/SGD 1.7874 1.7879 5.0 -3.77 -2.87 SGD
GBP/TRY 4.8356 4.8384 27.9 -96.08 4.11 TRY
GBP/USD 1.3188 1.3191 2.9 -2.57 -2.32 USD
GBP/ZAR 17.665 17.678 129.0 -51.35 23.12 ZAR
NOK/SEK 1.02600 1.02650 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8978 0.8983 4.7 -1.75 -2.87 CAD
NZD/CHF 0.7014 0.7018 3.9 -1.58 -2.91 CHF
NZD/JPY 80.4540 80.4850 3.1 -1.67 -2.87 JPY
NZD/SGD 0.9719 0.9724 5.0 -2.37 -3.01 SGD
NZD/USD 0.7171 0.71750 3.3 -1.77 -2.71 USD
USD/CAD 1.25190 1.2521 2.6 -2.4 -2.45 CAD
USD/CHF 0.9779 0.9782 3.1 -1.96 -2.64 CHF
USD/CNH 6.60440 6.60970 53.0 -4.43 -3.03 CNH
USD/CZK 21.8770 21.8990 220.0 -2.81 -3.69 CZK
USD/DKK 6.32600 6.3267 7.1 -2.84 -5.29 DKK
USD/HKD 7.8079 7.8086 6.5 -4.36 -6.16 HKD
USD/HUF 261.790 261.990 2,000.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.170 112.18 1.5 -2.07 -2.64 JPY
USD/MXN 18.775 18.787 113.5 -167.05 0.49 MXN
USD/NOK 7.9426 7.9453 26.5 -4.19 -5.04 NOK
USD/PLN 3.59930 3.60150 22.0 -5.79 -1.99 PLN
USD/RUB 57.353 57.444 914.0 -335 14.67 RUB
USD/SEK 8.1527 8.15670 39.9 1.1 -8.46 SEK
USD/SGD 1.3551 1.3555 3.7 -3.22 -2.62 SGD
USD/TRY 3.6650 3.6671 20.5 -63.6 1.9 TRY
USD/ZAR 13.391 13.403 113.0 -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)