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 0.9822 0.9826 3.6 0.1 -2.81 CAD
AUD/CHF 0.7671 0.7673 2.8 0.23 -2.8 CHF
AUD/JPY 88.0400 88.0650 2.5 0.12 -2.75 JPY
AUD/NZD 1.0933 1.0936 3.1 -2.66 -2.02 NZD
AUD/USD 0.7834 0.7836 2.0 -2.05 -2.45 USD
CAD/CHF 0.78080 0.7810 2.7 -1.98 -2.52 CHF
CAD/JPY 89.6110 89.6390 2.8 0.02 -2.45 JPY
CHF/JPY 114.75 114.780 2.7 -2.54 -2.23 JPY
EUR/AUD 1.4996 1.4998 2.7 -3.57 0.55 AUD
EUR/CAD 1.4733 1.4736 3.0 -2.84 -2.13 CAD
EUR/CHF 1.1505 1.1507 2.1 -2.22 -2.48 CHF
EUR/CZK 25.7620 25.7750 130.0 -3.42 -3.22 CZK
EUR/DKK 7.4437 7.4441 4.1 -5.17 -3.57 DKK
EUR/GBP 0.8913 0.8915 2.1 -2.54 -2.09 GBP
EUR/HKD 9.1739 9.1746 7.6 -7.13 -4.17 HKD
EUR/HUF 307.36 307.53 1,700.0 -4.36 -2.53 HUF
EUR/JPY 132.04 132.06 2.0 -2.45 -2.38 JPY
EUR/MXN 22.303 22.308 46.0 -217.45 3.9 MXN
EUR/NOK 9.33030 9.3335 32.5 -7.26 -2.75 NOK
EUR/NZD 1.6398 1.6402 4.1 -3.85 0.69 NZD
EUR/PLN 4.22510 4.2267 16.4 -6.08 0.37 PLN
EUR/RUB 67.383 67.534 1,505.0 -370.25 61.78 RUB
EUR/SEK 9.58230 9.5842 19.5 -3.56 -6.49 SEK
EUR/SGD 1.5948 1.5953 4.7 -3.84 -2.34 SGD
EUR/TRY 4.3029 4.3043 13.8 -85.04 4.02 TRY
EUR/USD 1.1750 1.17520 1.4 -2.66 -2.03 SUD
EUR/ZAR 15.784 15.789 52.5 -54.12 23.69 ZAR
GBP/AUD 1.68220 1.6825 3.2 -3.3 0 AUD
GBP/CAD 1.6526 1.65300 3.3 -2.6 -2.65 CAD
GBP/CHF 1.2906 1.2909 2.5 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.34970 8.3506 9.9 -3.93 -6.6 DKK
GBP/HKD 10.290 10.291 8.0 -5.77 -7.51 HKD
GBP/HUF 344.790 344.960 1,700.0 -3.99 -3.63 HUF
GBP/JPY 148.12 148.14 2.3 -2.22 -2.84 JPY
GBP/MXN 25.018 25.023 46.0 -230.4 -2.06 MXN
GBP/NOK 10.466 10.469 36.7 -5.93 -6.36 NOK
GBP/NZD 1.8392 1.8400 7.6 -3.78 0.3 NZD
GBP/PLN 4.73900 4.74210 31.0 -5.77 -3.03 PLN
GBP/SEK 10.748 10.751 33.9 0.39 -10.83 SEK
GBP/SGD 1.7890 1.7894 4.0 -3.77 -2.87 SGD
GBP/TRY 4.82650 4.8284 19.9 -96.08 4.11 TRY
GBP/USD 1.3181 1.31830 1.7 -2.57 -2.32 USD
GBP/ZAR 17.704 17.711 65.0 -51.35 23.12 ZAR
NOK/SEK 1.02650 1.02700 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8982 0.8986 4.2 -1.75 -2.87 CAD
NZD/CHF 0.70150 0.7017 2.8 -1.58 -2.91 CHF
NZD/JPY 80.5100 80.5360 2.6 -1.67 -2.87 JPY
NZD/SGD 0.9723 0.9727 4.0 -2.37 -3.01 SGD
NZD/USD 0.7164 0.7166 2.6 -1.77 -2.71 USD
USD/CAD 1.2537 1.2539 2.0 -2.4 -2.45 CAD
USD/CHF 0.97910 0.9792 1.9 -1.96 -2.64 CHF
USD/CNH 6.61740 6.61920 18.0 -4.43 -3.03 CNH
USD/CZK 21.9210 21.934 131.0 -2.81 -3.69 CZK
USD/DKK 6.3341 6.3348 6.6 -2.84 -5.29 DKK
USD/HKD 7.8068 7.8071 3.0 -4.36 -6.16 HKD
USD/HUF 261.540 261.700 1,600.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.36 112.38 1.5 -2.07 -2.64 JPY
USD/MXN 18.979 18.983 43.2 -167.05 0.49 MXN
USD/NOK 7.9399 7.9421 21.9 -4.19 -5.04 NOK
USD/PLN 3.59520 3.59710 19.0 -5.79 -1.99 PLN
USD/RUB 57.325 57.477 1,514.0 -335 14.67 RUB
USD/SEK 8.15410 8.1559 18.2 1.1 -8.46 SEK
USD/SGD 1.3571 1.3574 3.3 -3.22 -2.62 SGD
USD/TRY 3.6607 3.6618 10.8 -63.6 1.9 TRY
USD/ZAR 13.431 13.436 50.7 -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)