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 0.9860 0.9864 3.5 0.1 -2.81 CAD
AUD/CHF 0.7702 0.7705 2.6 0.23 -2.8 CHF
AUD/JPY 88.9170 88.9440 2.7 0.12 -2.75 JPY
AUD/NZD 1.1217 1.1219 2.6 -2.66 -2.02 NZD
AUD/USD 0.7807 0.7809 2.0 -2.05 -2.45 USD
CAD/CHF 0.7809 0.7812 2.6 -1.98 -2.52 CHF
CAD/JPY 90.1570 90.1820 2.5 0.02 -2.45 JPY
CHF/JPY 115.42 115.45 2.8 -2.54 -2.23 JPY
EUR/AUD 1.5040 1.5043 2.7 -3.57 0.55 AUD
EUR/CAD 1.4833 1.4836 3.0 -2.84 -2.13 CAD
EUR/CHF 1.1587 1.1589 2.1 -2.22 -2.48 CHF
EUR/CZK 25.6460 25.6610 150.0 -3.42 -3.22 CZK
EUR/DKK 7.44330 7.4437 4.2 -5.17 -3.57 DKK
EUR/GBP 0.8914 0.8916 2.1 -2.54 -2.09 GBP
EUR/HKD 9.1649 9.1656 6.8 -7.13 -4.17 HKD
EUR/HUF 308.12 308.30 1,810.0 -4.36 -2.53 HUF
EUR/JPY 133.75 133.78 2.2 -2.45 -2.38 JPY
EUR/MXN 22.303 22.309 60.0 -217.45 3.9 MXN
EUR/NOK 9.38810 9.3911 30.9 -7.26 -2.75 NOK
EUR/NZD 1.6872 1.6876 3.7 -3.85 0.69 NZD
EUR/PLN 4.23150 4.23330 18.0 -6.08 0.37 PLN
EUR/RUB 67.375 67.596 2,210.0 -370.25 61.78 RUB
EUR/SEK 9.6414 9.6433 19.6 -3.56 -6.49 SEK
EUR/SGD 1.6002 1.6007 4.4 -3.84 -2.34 SGD
EUR/TRY 4.3470 4.3481 11.1 -85.04 4.02 TRY
EUR/USD 1.1745 1.1746 1.4 -2.66 -2.03 SUD
EUR/ZAR 16.1070 16.1130 60.0 -54.12 23.69 ZAR
GBP/AUD 1.6869 1.6873 3.3 -3.3 0 AUD
GBP/CAD 1.6638 1.6641 3.7 -2.6 -2.65 CAD
GBP/CHF 1.2996 1.2998 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.3484 8.3497 12.3 -3.93 -6.6 DKK
GBP/HKD 10.279 10.280 11.0 -5.77 -7.51 HKD
GBP/HUF 345.610 345.810 2,000.0 -3.99 -3.63 HUF
GBP/JPY 150.02 150.050 2.3 -2.22 -2.84 JPY
GBP/MXN 25.016 25.023 70.7 -230.4 -2.06 MXN
GBP/NOK 10.529 10.533 39.5 -5.93 -6.36 NOK
GBP/NZD 1.8923 1.89310 7.7 -3.78 0.3 NZD
GBP/PLN 4.74580 4.74890 31.0 -5.77 -3.03 PLN
GBP/SEK 10.813 10.817 36.4 0.39 -10.83 SEK
GBP/SGD 1.7949 1.79540 4.5 -3.77 -2.87 SGD
GBP/TRY 4.8755 4.8774 19.3 -96.08 4.11 TRY
GBP/USD 1.3173 1.3175 1.8 -2.57 -2.32 USD
GBP/ZAR 18.066 18.073 71.0 -51.35 23.12 ZAR
NOK/SEK 1.02650 1.02700 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8789 0.8793 3.8 -1.75 -2.87 CAD
NZD/CHF 0.6865 0.6868 2.7 -1.58 -2.91 CHF
NZD/JPY 79.2590 79.2860 2.7 -1.67 -2.87 JPY
NZD/SGD 0.9482 0.9486 4.0 -2.37 -3.01 SGD
NZD/USD 0.6959 0.6961 2.4 -1.77 -2.71 USD
USD/CAD 1.2629 1.2631 1.9 -2.4 -2.45 CAD
USD/CHF 0.9864 0.9866 1.9 -1.96 -2.64 CHF
USD/CNH 6.64060 6.64230 17.0 -4.43 -3.03 CNH
USD/CZK 21.8330 21.8470 140.0 -2.81 -3.69 CZK
USD/DKK 6.3368 6.3374 6.2 -2.84 -5.29 DKK
USD/HKD 7.80290 7.80320 3.0 -4.36 -6.16 HKD
USD/HUF 262.320 262.480 1,600.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 113.87 113.89 1.5 -2.07 -2.64 JPY
USD/MXN 18.989 18.993 42.5 -167.05 0.49 MXN
USD/NOK 7.99300 7.9949 19.7 -4.19 -5.04 NOK
USD/PLN 3.60250 3.60410 16.0 -5.79 -1.99 PLN
USD/RUB 57.404 57.525 1,214.0 -335 14.67 RUB
USD/SEK 8.2082 8.2101 18.8 1.1 -8.46 SEK
USD/SGD 1.3624 1.3627 2.8 -3.22 -2.62 SGD
USD/TRY 3.6997 3.7008 11.3 -63.6 1.9 TRY
USD/ZAR 13.712 13.718 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)