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 0.9823 0.9827 3.8 0.1 -2.81 CAD
AUD/CHF 0.7671 0.7674 2.9 0.23 -2.8 CHF
AUD/JPY 88.0410 88.0700 2.9 0.12 -2.75 JPY
AUD/NZD 1.0933 1.0936 3.2 -2.66 -2.02 NZD
AUD/USD 0.7835 0.7837 2.1 -2.05 -2.45 USD
CAD/CHF 0.7808 0.78110 2.8 -1.98 -2.52 CHF
CAD/JPY 89.6090 89.6350 2.6 0.02 -2.45 JPY
CHF/JPY 114.74 114.77 2.8 -2.54 -2.23 JPY
EUR/AUD 1.4993 1.4996 2.7 -3.57 0.55 AUD
EUR/CAD 1.4731 1.4734 3.0 -2.84 -2.13 CAD
EUR/CHF 1.15050 1.1507 2.3 -2.22 -2.48 CHF
EUR/CZK 25.7610 25.774 135.0 -3.42 -3.22 CZK
EUR/DKK 7.4437 7.4441 4.1 -5.17 -3.57 DKK
EUR/GBP 0.89130 0.8915 2.1 -2.54 -2.09 GBP
EUR/HKD 9.1728 9.1737 8.5 -7.13 -4.17 HKD
EUR/HUF 307.35 307.52 1,700.0 -4.36 -2.53 HUF
EUR/JPY 132.03 132.05 2.0 -2.45 -2.38 JPY
EUR/MXN 22.302 22.307 51.0 -217.45 3.9 MXN
EUR/NOK 9.3298 9.33300 31.1 -7.26 -2.75 NOK
EUR/NZD 1.6395 1.6399 3.9 -3.85 0.69 NZD
EUR/PLN 4.22530 4.2268 15.5 -6.08 0.37 PLN
EUR/RUB 67.383 67.534 1,505.0 -370.25 61.78 RUB
EUR/SEK 9.5830 9.5849 19.5 -3.56 -6.49 SEK
EUR/SGD 1.5947 1.5952 4.7 -3.84 -2.34 SGD
EUR/TRY 4.3026 4.3040 13.8 -85.04 4.02 TRY
EUR/USD 1.1749 1.1751 1.6 -2.66 -2.03 SUD
EUR/ZAR 15.776 15.7830 65.0 -54.12 23.69 ZAR
GBP/AUD 1.6820 1.68240 3.4 -3.3 0 AUD
GBP/CAD 1.6526 1.6529 3.1 -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 8.3505 8.35150 9.9 -3.93 -6.6 DKK
GBP/HKD 10.290 10.291 9.0 -5.77 -7.51 HKD
GBP/HUF 344.820 344.990 1,700.0 -3.99 -3.63 HUF
GBP/JPY 148.11 148.14 2.2 -2.22 -2.84 JPY
GBP/MXN 25.019 25.025 53.0 -230.4 -2.06 MXN
GBP/NOK 10.466 10.470 34.9 -5.93 -6.36 NOK
GBP/NZD 1.8391 1.8398 7.2 -3.78 0.3 NZD
GBP/PLN 4.73960 4.7424 28.9 -5.77 -3.03 PLN
GBP/SEK 10.750 10.753 33.9 0.39 -10.83 SEK
GBP/SGD 1.7890 1.7895 5.0 -3.77 -2.87 SGD
GBP/TRY 4.8266 4.8286 19.9 -96.08 4.11 TRY
GBP/USD 1.3181 1.3183 1.8 -2.57 -2.32 USD
GBP/ZAR 17.698 17.705 66.0 -51.35 23.12 ZAR
NOK/SEK 1.02650 1.02700 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8983 0.8987 4.0 -1.75 -2.87 CAD
NZD/CHF 0.7015 0.7018 2.7 -1.58 -2.91 CHF
NZD/JPY 80.5140 80.5410 2.7 -1.67 -2.87 JPY
NZD/SGD 0.9724 0.9728 4.0 -2.37 -3.01 SGD
NZD/USD 0.71650 0.7167 2.6 -1.77 -2.71 USD
USD/CAD 1.2537 1.2539 2.0 -2.4 -2.45 CAD
USD/CHF 0.9790 0.9792 1.8 -1.96 -2.64 CHF
USD/CNH 6.61820 6.61990 17.0 -4.43 -3.03 CNH
USD/CZK 21.9220 21.935 136.0 -2.81 -3.69 CZK
USD/DKK 6.3346 6.3352 6.6 -2.84 -5.29 DKK
USD/HKD 7.8064 7.8068 3.9 -4.36 -6.16 HKD
USD/HUF 261.560 261.720 1,600.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.36 112.37 1.5 -2.07 -2.64 JPY
USD/MXN 18.979 18.982 27.9 -167.05 0.49 MXN
USD/NOK 7.9401 7.9421 20.4 -4.19 -5.04 NOK
USD/PLN 3.59560 3.59740 18.0 -5.79 -1.99 PLN
USD/RUB 57.325 57.477 1,514.0 -335 14.67 RUB
USD/SEK 8.1551 8.15710 19.8 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 13.425 13.431 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)