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 1.0096 1.0100 4.3 0.1 -2.81 CAD
AUD/CHF 0.7285 0.7288 3.2 0.23 -2.8 CHF
AUD/JPY 83.4670 83.4960 2.9 0.12 -2.75 JPY
AUD/NZD 1.0651 1.0655 4.0 -2.66 -2.02 NZD
AUD/USD 0.7500 0.7502 2.5 -2.05 -2.45 USD
CAD/CHF 0.7214 0.7217 3.1 -1.98 -2.52 CHF
CAD/JPY 82.6490 82.6790 3.0 0.02 -2.45 JPY
CHF/JPY 114.540 114.57 3.2 -2.54 -2.23 JPY
EUR/AUD 1.49870 1.4990 3.1 -3.57 0.55 AUD
EUR/CAD 1.5134 1.51380 3.6 -2.84 -2.13 CAD
EUR/CHF 1.0921 1.0923 2.2 -2.22 -2.48 CHF
EUR/CZK 26.474 26.494 190.4 -3.42 -3.22 CZK
EUR/DKK 7.4441 7.4446 5.2 -5.17 -3.57 DKK
EUR/GBP 0.8666 0.8668 2.6 -2.54 -2.09 GBP
EUR/HKD 8.75600 8.7567 7.8 -7.13 -4.17 HKD
EUR/HUF 308.52 308.70 1,800.4 -4.36 -2.53 HUF
EUR/JPY 125.11 125.13 2.7 -2.45 -2.38 JPY
EUR/MXN 20.945 20.951 58.4 -217.45 3.9 MXN
EUR/NOK 9.3791 9.3823 32.1 -7.26 -2.75 NOK
EUR/NZD 1.5965 1.5969 4.0 -3.85 0.69 NZD
EUR/PLN 4.1979 4.1998 18.4 -6.08 0.37 PLN
EUR/RUB 63.421 63.666 2,452.4 -370.25 61.78 RUB
EUR/SEK 9.7531 9.7551 19.3 -3.56 -6.49 SEK
EUR/SGD 1.5599 1.5604 5.1 -3.84 -2.34 SGD
EUR/TRY 4.0108 4.0120 12.2 -85.04 4.02 TRY
EUR/USD 1.1242 1.1244 1.9 -2.66 -2.03 SUD
EUR/ZAR 14.879 14.885 65.4 -54.12 23.69 ZAR
GBP/AUD 1.7290 1.7294 4.1 -3.3 0 AUD
GBP/CAD 1.7461 1.7465 3.9 -2.6 -2.65 CAD
GBP/CHF 1.2599 1.2603 3.6 0 -2.95 CHF
GBP/CZK 30.536 30.575 393.4 -3.01 -4.06 CZK
GBP/DKK 8.5873 8.58860 12.6 -3.93 -6.6 DKK
GBP/HKD 10.102 10.103 10.4 -5.77 -7.51 HKD
GBP/HUF 355.95 356.16 2,000.4 -3.99 -3.63 HUF
GBP/JPY 144.35 144.37 2.4 -2.22 -2.84 JPY
GBP/MXN 24.166 24.172 62.4 -230.4 -2.06 MXN
GBP/NOK 10.820 10.825 44.0 -5.93 -6.36 NOK
GBP/NZD 1.8419 1.8425 6.0 -3.78 0.3 NZD
GBP/PLN 4.8428 4.8459 30.4 -5.77 -3.03 PLN
GBP/SEK 11.251 11.255 37.0 0.39 -10.83 SEK
GBP/SGD 1.7997 1.8003 5.9 -3.77 -2.87 SGD
GBP/TRY 4.6271 4.6291 19.9 -96.08 4.11 TRY
GBP/USD 1.2971 1.2973 2.4 -2.57 -2.32 USD
GBP/ZAR 17.166 17.174 75.4 -51.35 23.12 ZAR
NOK/SEK 1.0394 1.0395 0.4 -1.96 -2.75 SEK
NZD/CAD 0.9477 0.9481 4.5 -1.75 -2.87 CAD
NZD/CHF 0.6838 0.6841 3.3 -1.58 -2.91 CHF
NZD/JPY 78.3460 78.3780 3.2 -1.67 -2.87 JPY
NZD/SGD 0.9768 0.9773 5.4 -2.37 -3.01 SGD
NZD/USD 0.7040 0.7043 3.0 -1.77 -2.71 USD
USD/CAD 1.34610 1.3463 2.3 -2.4 -2.45 CAD
USD/CHF 0.97130 0.9714 1.9 -1.96 -2.64 CHF
USD/CNH 6.8784 6.8802 17.4 -4.43 -3.03 CNH
USD/CZK 23.545 23.564 180.4 -2.81 -3.69 CZK
USD/DKK 6.61910 6.6198 7.6 -2.84 -5.29 DKK
USD/HKD 7.7876 7.7880 3.6 -4.36 -6.16 HKD
USD/HUF 274.39 274.56 1,600.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 111.27 111.29 1.8 -2.07 -2.64 JPY
USD/MXN 18.628 18.633 48.1 -167.05 0.49 MXN
USD/NOK 8.34170 8.3441 24.2 -4.19 -5.04 NOK
USD/PLN 3.7335 3.7353 17.4 -5.79 -1.99 PLN
USD/RUB 56.504 56.535 314.4 -335 14.67 RUB
USD/SEK 8.6738 8.6758 19.9 1.1 -8.46 SEK
USD/SGD 1.3874 1.3877 3.1 -3.22 -2.62 SGD
USD/TRY 3.5660 3.56730 12.9 -63.6 1.9 TRY
USD/ZAR 13.232 13.239 68.4 -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)