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 0.9738 0.9742 4.4 0.1 -2.81 CAD
AUD/CHF 0.76350 0.7638 3.3 0.23 -2.8 CHF
AUD/JPY 88.4760 88.5110 3.5 0.12 -2.75 JPY
AUD/NZD 1.0942 1.0945 3.7 -2.66 -2.02 NZD
AUD/USD 0.7883 0.7886 2.6 -2.05 -2.45 USD
CAD/CHF 0.7838 0.7841 3.1 -1.98 -2.52 CHF
CAD/JPY 90.8370 90.8690 3.2 0.02 -2.45 JPY
CHF/JPY 115.86 115.89 3.1 -2.54 -2.23 JPY
EUR/AUD 1.4954 1.4957 3.1 -3.57 0.55 AUD
EUR/CAD 1.4565 1.4569 3.8 -2.84 -2.13 CAD
EUR/CHF 1.14200 1.1422 2.3 -2.22 -2.48 CHF
EUR/CZK 26.034 26.050 150.4 -3.42 -3.22 CZK
EUR/DKK 7.44020 7.4407 5.1 -5.17 -3.57 DKK
EUR/GBP 0.8764 0.8767 2.5 -2.54 -2.09 GBP
EUR/HKD 9.2134 9.2143 9.4 -7.13 -4.17 HKD
EUR/HUF 311.13 311.35 2,200.4 -4.36 -2.53 HUF
EUR/JPY 132.33 132.36 2.7 -2.45 -2.38 JPY
EUR/MXN 21.172 21.178 51.4 -217.45 3.9 MXN
EUR/NOK 9.3020 9.3060 40.1 -7.26 -2.75 NOK
EUR/NZD 1.6366 1.6371 5.0 -3.85 0.69 NZD
EUR/PLN 4.2855 4.2880 24.4 -6.08 0.37 PLN
EUR/RUB 68.177 68.346 1,687.4 -370.25 61.78 RUB
EUR/SEK 9.5766 9.5792 26.7 -3.56 -6.49 SEK
EUR/SGD 1.5975 1.5981 5.4 -3.84 -2.34 SGD
EUR/TRY 4.1785 4.1801 15.7 -85.04 4.02 TRY
EUR/USD 1.1791 1.1793 1.9 -2.66 -2.03 SUD
EUR/ZAR 15.766 15.774 77.4 -54.12 23.69 ZAR
GBP/AUD 1.7059 1.7063 4.1 -3.3 0 AUD
GBP/CAD 1.6616 1.66200 3.7 -2.6 -2.65 CAD
GBP/CHF 1.3027 1.3030 2.9 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.4 -3.01 -4.06 CZK
GBP/DKK 8.48740 8.4884 10.5 -3.93 -6.6 DKK
GBP/HKD 10.510 10.511 8.4 -5.77 -7.51 HKD
GBP/HUF 354.94 355.17 2,200.4 -3.99 -3.63 HUF
GBP/JPY 150.96 150.99 3.0 -2.22 -2.84 JPY
GBP/MXN 24.153 24.158 51.4 -230.4 -2.06 MXN
GBP/NOK 10.611 10.616 42.6 -5.93 -6.36 NOK
GBP/NZD 1.8668 1.8677 8.7 -3.78 0.3 NZD
GBP/PLN 4.8884 4.8920 35.4 -5.77 -3.03 PLN
GBP/SEK 10.924 10.928 40.1 0.39 -10.83 SEK
GBP/SGD 1.8225 1.8230 5.4 -3.77 -2.87 SGD
GBP/TRY 4.7665 4.7687 22.4 -96.08 4.11 TRY
GBP/USD 1.3451 1.3453 2.3 -2.57 -2.32 USD
GBP/ZAR 17.986 17.994 82.4 -51.35 23.12 ZAR
NOK/SEK 1.0289 1.0295 5.4 -1.96 -2.75 SEK
NZD/CAD 0.8897 0.8902 4.6 -1.75 -2.87 CAD
NZD/CHF 0.6975 0.6979 3.5 -1.58 -2.91 CHF
NZD/JPY 80.8380 80.8740 3.6 -1.67 -2.87 JPY
NZD/SGD 0.9759 0.9764 5.4 -2.37 -3.01 SGD
NZD/USD 0.72030 0.7206 3.3 -1.77 -2.71 USD
USD/CAD 1.2352 1.2354 2.3 -2.4 -2.45 CAD
USD/CHF 0.9683 0.9686 2.6 -1.96 -2.64 CHF
USD/CNH 6.6293 6.6312 18.4 -4.43 -3.03 CNH
USD/CZK 22.075 22.090 140.4 -2.81 -3.69 CZK
USD/DKK 6.3090 6.3098 8.1 -2.84 -5.29 DKK
USD/HKD 7.81310 7.8134 3.4 -4.36 -6.16 HKD
USD/HUF 263.83 264.02 1,800.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 112.22 112.24 1.9 -2.07 -2.64 JPY
USD/MXN 17.954 17.958 35.9 -167.05 0.49 MXN
USD/NOK 7.8883 7.8910 26.8 -4.19 -5.04 NOK
USD/PLN 3.6340 3.6361 20.4 -5.79 -1.99 PLN
USD/RUB 57.774 57.895 1,214.4 -335 14.67 RUB
USD/SEK 8.1207 8.1232 24.9 1.1 -8.46 SEK
USD/SGD 1.3547 1.3551 3.7 -3.22 -2.62 SGD
USD/TRY 3.5422 3.5436 14.4 -63.6 1.9 TRY
USD/ZAR 13.369 13.377 77.4 -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)