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 1.0004 1.0008 4.3 0.1 -2.81 CAD
AUD/CHF 0.7250 0.7253 3.2 0.23 -2.8 CHF
AUD/JPY 82.7050 82.7350 3.0 0.12 -2.75 JPY
AUD/NZD 1.0552 1.0556 4.1 -2.66 -2.02 NZD
AUD/USD 0.7436 0.7438 2.5 -2.05 -2.45 USD
CAD/CHF 0.7245 0.72490 3.3 -1.98 -2.52 CHF
CAD/JPY 82.6500 82.6820 3.2 0.02 -2.45 JPY
CHF/JPY 114.04 114.08 3.5 -2.54 -2.23 JPY
EUR/AUD 1.5022 1.5025 3.1 -3.57 0.55 AUD
EUR/CAD 1.5032 1.5036 3.8 -2.84 -2.13 CAD
EUR/CHF 1.0894 1.0897 2.6 -2.22 -2.48 CHF
EUR/CZK 26.420 26.450 290.4 -3.42 -3.22 CZK
EUR/DKK 7.4427 7.4434 6.6 -5.17 -3.57 DKK
EUR/GBP 0.8720 0.8722 2.4 -2.54 -2.09 GBP
EUR/HKD 8.7076 8.7084 7.7 -7.13 -4.17 HKD
EUR/HUF 307.32 307.64 3,220.4 -4.36 -2.53 HUF
EUR/JPY 124.26 124.29 2.9 -2.45 -2.38 JPY
EUR/MXN 20.667 20.676 80.4 -217.45 3.9 MXN
EUR/NOK 9.3679 9.3760 80.4 -7.26 -2.75 NOK
EUR/NZD 1.5856 1.5860 4.0 -3.85 0.69 NZD
EUR/PLN 4.1802 4.1833 30.4 -6.08 0.37 PLN
EUR/RUB 63.145 63.375 2,301.4 -370.25 61.78 RUB
EUR/SEK 9.7074 9.7104 30.4 -3.56 -6.49 SEK
EUR/SGD 1.5450 1.5455 4.9 -3.84 -2.34 SGD
EUR/TRY 3.9970 3.9998 28.5 -85.04 4.02 TRY
EUR/USD 1.1173 1.1175 1.9 -2.66 -2.03 SUD
EUR/ZAR 14.331 14.340 88.4 -54.12 23.69 ZAR
GBP/AUD 1.7224 1.7228 4.5 -3.3 0 AUD
GBP/CAD 1.7235 1.7240 4.7 -2.6 -2.65 CAD
GBP/CHF 1.2490 1.2494 4.1 0 -2.95 CHF
GBP/CZK 30.270 30.350 793.4 -3.01 -4.06 CZK
GBP/DKK 8.5332 8.5348 15.9 -3.93 -6.6 DKK
GBP/HKD 9.9834 9.9847 13.4 -5.77 -7.51 HKD
GBP/HUF 352.37 352.73 3,500.4 -3.99 -3.63 HUF
GBP/JPY 142.48 142.51 2.8 -2.22 -2.84 JPY
GBP/MXN 23.696 23.706 101.4 -230.4 -2.06 MXN
GBP/NOK 10.742 10.750 78.4 -5.93 -6.36 NOK
GBP/NZD 1.81790 1.81860 7.0 -3.78 0.3 NZD
GBP/PLN 4.7925 4.7967 41.4 -5.77 -3.03 PLN
GBP/SEK 11.129 11.134 48.1 0.39 -10.83 SEK
GBP/SGD 1.7714 1.7720 6.4 -3.77 -2.87 SGD
GBP/TRY 4.5825 4.5864 39.4 -96.08 4.11 TRY
GBP/USD 1.2810 1.2813 3.0 -2.57 -2.32 USD
GBP/ZAR 16.431 16.442 107.4 -51.35 23.12 ZAR
NOK/SEK 1.0354 1.0360 5.4 -1.96 -2.75 SEK
NZD/CAD 0.94780 0.9482 4.8 -1.75 -2.87 CAD
NZD/CHF 0.6869 0.6872 3.4 -1.58 -2.91 CHF
NZD/JPY 78.3540 78.3880 3.4 -1.67 -2.87 JPY
NZD/SGD 0.9742 0.9746 4.4 -2.37 -3.01 SGD
NZD/USD 0.7044 0.7048 3.3 -1.77 -2.71 USD
USD/CAD 1.3452 1.3455 2.8 -2.4 -2.45 CAD
USD/CHF 0.9749 0.9751 2.4 -1.96 -2.64 CHF
USD/CNH 6.8195 6.8221 25.4 -4.43 -3.03 CNH
USD/CZK 23.644 23.670 250.4 -2.81 -3.69 CZK
USD/DKK 6.6604 6.6612 7.7 -2.84 -5.29 DKK
USD/HKD 7.7922 7.79270 4.5 -4.36 -6.16 HKD
USD/HUF 275.03 275.30 2,600.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 111.21 111.23 2.0 -2.07 -2.64 JPY
USD/MXN 18.496 18.506 96.4 -167.05 0.49 MXN
USD/NOK 8.3839 8.3903 63.4 -4.19 -5.04 NOK
USD/PLN 3.7410 3.7435 24.4 -5.79 -1.99 PLN
USD/RUB 56.489 56.550 614.4 -335 14.67 RUB
USD/SEK 8.68730 8.6898 25.3 1.1 -8.46 SEK
USD/SGD 1.3826 1.3830 3.9 -3.22 -2.62 SGD
USD/TRY 3.5757 3.5785 27.9 -63.6 1.9 TRY
USD/ZAR 12.824 12.834 100.4 -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)