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 0.9861 0.9865 3.8 0.1 -2.81 CAD
AUD/CHF 0.7703 0.7706 3.1 0.23 -2.8 CHF
AUD/JPY 88.9090 88.9390 3.0 0.12 -2.75 JPY
AUD/NZD 1.1216 1.1219 3.3 -2.66 -2.02 NZD
AUD/USD 0.7808 0.7811 2.4 -2.05 -2.45 USD
CAD/CHF 0.7810 0.7813 3.0 -1.98 -2.52 CHF
CAD/JPY 90.1420 90.1710 2.9 0.02 -2.45 JPY
CHF/JPY 115.390 115.42 3.2 -2.54 -2.23 JPY
EUR/AUD 1.5038 1.5041 3.1 -3.57 0.55 AUD
EUR/CAD 1.48330 1.4836 3.3 -2.84 -2.13 CAD
EUR/CHF 1.1587 1.1590 2.6 -2.22 -2.48 CHF
EUR/CZK 25.644 25.660 150.4 -3.42 -3.22 CZK
EUR/DKK 7.4432 7.4437 4.6 -5.17 -3.57 DKK
EUR/GBP 0.8914 0.8916 2.3 -2.54 -2.09 GBP
EUR/HKD 9.1653 9.1659 6.2 -7.13 -4.17 HKD
EUR/HUF 308.12 308.30 1,800.4 -4.36 -2.53 HUF
EUR/JPY 133.73 133.75 2.4 -2.45 -2.38 JPY
EUR/MXN 22.313 22.319 57.4 -217.45 3.9 MXN
EUR/NOK 9.38730 9.3904 31.5 -7.26 -2.75 NOK
EUR/NZD 1.6870 1.68740 3.8 -3.85 0.69 NZD
EUR/PLN 4.2324 4.2343 18.4 -6.08 0.37 PLN
EUR/RUB 67.375 67.596 2,210.4 -370.25 61.78 RUB
EUR/SEK 9.6413 9.6433 19.9 -3.56 -6.49 SEK
EUR/SGD 1.6001 1.6005 4.6 -3.84 -2.34 SGD
EUR/TRY 4.3480 4.3492 11.6 -85.04 4.02 TRY
EUR/USD 1.1745 1.1747 1.7 -2.66 -2.03 SUD
EUR/ZAR 16.106 16.112 58.4 -54.12 23.69 ZAR
GBP/AUD 1.6868 1.6872 3.8 -3.3 0 AUD
GBP/CAD 1.6637 1.6641 3.8 -2.6 -2.65 CAD
GBP/CHF 1.2998 1.30010 2.9 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.4 -3.01 -4.06 CZK
GBP/DKK 8.3485 8.3497 11.5 -3.93 -6.6 DKK
GBP/HKD 10.280 10.281 10.4 -5.77 -7.51 HKD
GBP/HUF 345.61 345.81 1,900.4 -3.99 -3.63 HUF
GBP/JPY 150.00 150.03 2.8 -2.22 -2.84 JPY
GBP/MXN 25.028 25.034 61.0 -230.4 -2.06 MXN
GBP/NOK 10.529 10.533 37.0 -5.93 -6.36 NOK
GBP/NZD 1.8920 1.8928 8.0 -3.78 0.3 NZD
GBP/PLN 4.7469 4.7500 30.4 -5.77 -3.03 PLN
GBP/SEK 10.813 10.817 36.0 0.39 -10.83 SEK
GBP/SGD 1.7948 1.7953 5.4 -3.77 -2.87 SGD
GBP/TRY 4.8767 4.8787 20.0 -96.08 4.11 TRY
GBP/USD 1.3174 1.3176 2.2 -2.57 -2.32 USD
GBP/ZAR 18.066 18.073 69.4 -51.35 23.12 ZAR
NOK/SEK 1.0264 1.0270 5.4 -1.96 -2.75 SEK
NZD/CAD 0.8790 0.8794 4.3 -1.75 -2.87 CAD
NZD/CHF 0.6867 0.6870 3.0 -1.58 -2.91 CHF
NZD/JPY 79.2550 79.2850 3.0 -1.67 -2.87 JPY
NZD/SGD 0.9483 0.9487 4.4 -2.37 -3.01 SGD
NZD/USD 0.6960 0.6963 3.0 -1.77 -2.71 USD
USD/CAD 1.2628 1.2630 2.2 -2.4 -2.45 CAD
USD/CHF 0.98650 0.9867 2.3 -1.96 -2.64 CHF
USD/CNH 6.6398 6.6417 18.4 -4.43 -3.03 CNH
USD/CZK 21.831 21.846 140.4 -2.81 -3.69 CZK
USD/DKK 6.3366 6.3372 5.7 -2.84 -5.29 DKK
USD/HKD 7.8028 7.8032 3.4 -4.36 -6.16 HKD
USD/HUF 262.30 262.47 1,600.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 113.85 113.87 1.9 -2.07 -2.64 JPY
USD/MXN 18.996 19.000 39.0 -167.05 0.49 MXN
USD/NOK 7.9921 7.9939 18.7 -4.19 -5.04 NOK
USD/PLN 3.6031 3.6048 16.4 -5.79 -1.99 PLN
USD/RUB 57.404 57.525 1,214.4 -335 14.67 RUB
USD/SEK 8.2079 8.2097 17.8 1.1 -8.46 SEK
USD/SGD 1.3622 1.3625 3.0 -3.22 -2.62 SGD
USD/TRY 3.7004 3.7016 12.5 -63.6 1.9 TRY
USD/ZAR 13.711 13.717 60.4 -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)