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 0.9820 0.9824 3.8 0.1 -2.81 CAD
AUD/CHF 0.7679 0.7682 3.0 0.23 -2.8 CHF
AUD/JPY 88.5730 88.6000 2.7 0.12 -2.75 JPY
AUD/NZD 1.0958 1.0961 3.0 -2.66 -2.02 NZD
AUD/USD 0.7938 0.7940 2.1 -2.05 -2.45 USD
CAD/CHF 0.7818 0.7822 3.9 -1.98 -2.52 CHF
CAD/JPY 90.1720 90.2000 2.8 0.02 -2.45 JPY
CHF/JPY 115.30 115.34 3.2 -2.54 -2.23 JPY
EUR/AUD 1.4915 1.4918 2.6 -3.57 0.55 AUD
EUR/CAD 1.4650 1.4653 3.3 -2.84 -2.13 CAD
EUR/CHF 1.1456 1.1459 3.1 -2.22 -2.48 CHF
EUR/CZK 26.0360 26.0540 180.0 -3.42 -3.22 CZK
EUR/DKK 7.4397 7.4403 5.7 -5.17 -3.57 DKK
EUR/GBP 0.8789 0.8791 2.1 -2.54 -2.09 GBP
EUR/HKD 9.2530 9.2536 6.4 -7.13 -4.17 HKD
EUR/HUF 310.67 310.93 2,590.0 -4.36 -2.53 HUF
EUR/JPY 132.13 132.15 2.0 -2.45 -2.38 JPY
EUR/MXN 21.215 21.2240 81.0 -217.45 3.9 MXN
EUR/NOK 9.26630 9.2702 39.6 -7.26 -2.75 NOK
EUR/NZD 1.6347 1.63520 4.4 -3.85 0.69 NZD
EUR/PLN 4.27490 4.27780 29.0 -6.08 0.37 PLN
EUR/RUB 68.037 68.227 1,904.0 -370.25 61.78 RUB
EUR/SEK 9.5293 9.53170 23.5 -3.56 -6.49 SEK
EUR/SGD 1.6005 1.6009 4.1 -3.84 -2.34 SGD
EUR/TRY 4.1992 4.2022 30.0 -85.04 4.02 TRY
EUR/USD 1.18430 1.1844 1.3 -2.66 -2.03 SUD
EUR/ZAR 15.776 15.785 92.0 -54.12 23.69 ZAR
GBP/AUD 1.6968 1.6971 3.3 -3.3 0 AUD
GBP/CAD 1.6666 1.6670 4.0 -2.6 -2.65 CAD
GBP/CHF 1.3034 1.3036 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.4633 8.4646 13.6 -3.93 -6.6 DKK
GBP/HKD 10.526 10.527 10.0 -5.77 -7.51 HKD
GBP/HUF 353.450 353.710 2,600.0 -3.99 -3.63 HUF
GBP/JPY 150.31 150.34 2.6 -2.22 -2.84 JPY
GBP/MXN 24.135 24.145 96.7 -230.4 -2.06 MXN
GBP/NOK 10.541 10.546 48.1 -5.93 -6.36 NOK
GBP/NZD 1.85950 1.8604 9.9 -3.78 0.3 NZD
GBP/PLN 4.86290 4.86690 40.0 -5.77 -3.03 PLN
GBP/SEK 10.840 10.844 43.3 0.39 -10.83 SEK
GBP/SGD 1.8208 1.8213 5.0 -3.77 -2.87 SGD
GBP/TRY 4.7768 4.7809 41.2 -96.08 4.11 TRY
GBP/USD 1.3472 1.3474 2.1 -2.57 -2.32 USD
GBP/ZAR 17.947 17.958 110.0 -51.35 23.12 ZAR
NOK/SEK 1.02800 1.02850 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8959 0.8963 4.5 -1.75 -2.87 CAD
NZD/CHF 0.7006 0.7010 3.7 -1.58 -2.91 CHF
NZD/JPY 80.8100 80.8390 2.9 -1.67 -2.87 JPY
NZD/SGD 0.9788 0.9793 5.0 -2.37 -3.01 SGD
NZD/USD 0.7242 0.7245 2.9 -1.77 -2.71 USD
USD/CAD 1.2370 1.2372 2.2 -2.4 -2.45 CAD
USD/CHF 0.9673 0.9675 2.7 -1.96 -2.64 CHF
USD/CNH 6.61200 6.61370 17.0 -4.43 -3.03 CNH
USD/CZK 21.9820 21.9980 160.0 -2.81 -3.69 CZK
USD/DKK 6.2815 6.2822 6.7 -2.84 -5.29 DKK
USD/HKD 7.8128 7.8131 3.4 -4.36 -6.16 HKD
USD/HUF 262.320 262.530 2,100.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 111.56 111.58 1.5 -2.07 -2.64 JPY
USD/MXN 17.913 17.9200 61.8 -167.05 0.49 MXN
USD/NOK 7.82430 7.8267 24.1 -4.19 -5.04 NOK
USD/PLN 3.60960 3.61180 22.0 -5.79 -1.99 PLN
USD/RUB 57.474 57.595 1,214.0 -335 14.67 RUB
USD/SEK 8.0460 8.04810 20.3 1.1 -8.46 SEK
USD/SGD 1.3514 1.3517 2.8 -3.22 -2.62 SGD
USD/TRY 3.5442 3.54740 31.3 -63.6 1.9 TRY
USD/ZAR 13.319 13.329 101.0 -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)