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 0.9820 0.9823 3.5 0.1 -2.81 CAD
AUD/CHF 0.7672 0.7675 2.8 0.23 -2.8 CHF
AUD/JPY 88.0380 88.0640 2.6 0.12 -2.75 JPY
AUD/NZD 1.0931 1.0934 3.1 -2.66 -2.02 NZD
AUD/USD 0.7833 0.78360 2.2 -2.05 -2.45 USD
CAD/CHF 0.7811 0.7814 2.7 -1.98 -2.52 CHF
CAD/JPY 89.6330 89.6580 2.5 0.02 -2.45 JPY
CHF/JPY 114.72 114.75 2.8 -2.54 -2.23 JPY
EUR/AUD 1.4995 1.4998 2.7 -3.57 0.55 AUD
EUR/CAD 1.4728 1.4731 2.7 -2.84 -2.13 CAD
EUR/CHF 1.1507 1.1509 2.2 -2.22 -2.48 CHF
EUR/CZK 25.7610 25.7750 140.0 -3.42 -3.22 CZK
EUR/DKK 7.4437 7.4441 4.1 -5.17 -3.57 DKK
EUR/GBP 0.8910 0.8912 2.1 -2.54 -2.09 GBP
EUR/HKD 9.1724 9.1731 6.6 -7.13 -4.17 HKD
EUR/HUF 307.36 307.55 1,880.0 -4.36 -2.53 HUF
EUR/JPY 132.03 132.05 2.0 -2.45 -2.38 JPY
EUR/MXN 22.266 22.287 210.4 -217.45 3.9 MXN
EUR/NOK 9.32890 9.3322 33.2 -7.26 -2.75 NOK
EUR/NZD 1.6394 1.6398 3.4 -3.85 0.69 NZD
EUR/PLN 4.22400 4.2256 16.4 -6.08 0.37 PLN
EUR/RUB 67.317 67.559 2,425.0 -370.25 61.78 RUB
EUR/SEK 9.5831 9.5851 19.6 -3.56 -6.49 SEK
EUR/SGD 1.5944 1.5948 4.3 -3.84 -2.34 SGD
EUR/TRY 4.3004 4.30150 10.3 -85.04 4.02 TRY
EUR/USD 1.17490 1.1750 1.5 -2.66 -2.03 SUD
EUR/ZAR 15.760 15.7660 58.0 -54.12 23.69 ZAR
GBP/AUD 1.6826 1.6829 3.5 -3.3 0 AUD
GBP/CAD 1.65270 1.6530 3.4 -2.6 -2.65 CAD
GBP/CHF 1.2912 1.2915 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.3523 8.3535 11.2 -3.93 -6.6 DKK
GBP/HKD 10.292 10.293 11.0 -5.77 -7.51 HKD
GBP/HUF 344.900 345.100 2,000.0 -3.99 -3.63 HUF
GBP/JPY 148.16 148.18 2.3 -2.22 -2.84 JPY
GBP/MXN 24.993 25.002 96.7 -230.4 -2.06 MXN
GBP/NOK 10.467 10.471 39.9 -5.93 -6.36 NOK
GBP/NZD 1.8394 1.8402 7.3 -3.78 0.3 NZD
GBP/PLN 4.73920 4.74230 31.0 -5.77 -3.03 PLN
GBP/SEK 10.752 10.756 35.5 0.39 -10.83 SEK
GBP/SGD 1.7890 1.7895 5.0 -3.77 -2.87 SGD
GBP/TRY 4.8252 4.8270 18.6 -96.08 4.11 TRY
GBP/USD 1.3183 1.3185 2.0 -2.57 -2.32 USD
GBP/ZAR 17.684 17.691 68.0 -51.35 23.12 ZAR
NOK/SEK 1.02700 1.02700 0.0 -1.96 -2.75 SEK
NZD/CAD 0.8981 0.8985 3.9 -1.75 -2.87 CAD
NZD/CHF 0.7017 0.7020 2.6 -1.58 -2.91 CHF
NZD/JPY 80.5220 80.5480 2.6 -1.67 -2.87 JPY
NZD/SGD 0.9722 0.9726 4.0 -2.37 -3.01 SGD
NZD/USD 0.7164 0.7167 2.5 -1.77 -2.71 USD
USD/CAD 1.25350 1.2536 1.7 -2.4 -2.45 CAD
USD/CHF 0.9793 0.9795 1.8 -1.96 -2.64 CHF
USD/CNH 6.61730 6.61900 17.0 -4.43 -3.03 CNH
USD/CZK 21.9240 21.9370 130.0 -2.81 -3.69 CZK
USD/DKK 6.3351 6.3356 5.3 -2.84 -5.29 DKK
USD/HKD 7.8066 7.8069 3.6 -4.36 -6.16 HKD
USD/HUF 261.590 261.750 1,600.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.37 112.39 1.5 -2.07 -2.64 JPY
USD/MXN 18.957 18.961 41.1 -167.05 0.49 MXN
USD/NOK 7.94000 7.9420 20.4 -4.19 -5.04 NOK
USD/PLN 3.59490 3.59660 17.0 -5.79 -1.99 PLN
USD/RUB 57.339 57.460 1,214.0 -335 14.67 RUB
USD/SEK 8.1559 8.1577 17.4 1.1 -8.46 SEK
USD/SGD 1.3569 1.3572 2.8 -3.22 -2.62 SGD
USD/TRY 3.6588 3.66000 11.3 -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)