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 0.9864 3.6 0.1 -2.81 CAD
AUD/CHF 0.7703 0.7706 2.8 0.23 -2.8 CHF
AUD/JPY 88.9040 88.9290 2.5 0.12 -2.75 JPY
AUD/NZD 1.1216 1.1219 3.0 -2.66 -2.02 NZD
AUD/USD 0.7807 0.7809 2.1 -2.05 -2.45 USD
CAD/CHF 0.7810 0.7813 2.8 -1.98 -2.52 CHF
CAD/JPY 90.1400 90.1660 2.6 0.02 -2.45 JPY
CHF/JPY 115.38 115.41 3.0 -2.54 -2.23 JPY
EUR/AUD 1.5037 1.5040 2.5 -3.57 0.55 AUD
EUR/CAD 1.4831 1.4834 3.2 -2.84 -2.13 CAD
EUR/CHF 1.1586 1.15890 2.5 -2.22 -2.48 CHF
EUR/CZK 25.6620 25.6770 150.0 -3.42 -3.22 CZK
EUR/DKK 7.4431 7.4435 4.1 -5.17 -3.57 DKK
EUR/GBP 0.8913 0.8915 2.1 -2.54 -2.09 GBP
EUR/HKD 9.16330 9.1640 7.1 -7.13 -4.17 HKD
EUR/HUF 308.11 308.29 1,810.0 -4.36 -2.53 HUF
EUR/JPY 133.71 133.73 2.0 -2.45 -2.38 JPY
EUR/MXN 22.315 22.322 64.0 -217.45 3.9 MXN
EUR/NOK 9.3903 9.3934 31.1 -7.26 -2.75 NOK
EUR/NZD 1.6868 1.6873 4.7 -3.85 0.69 NZD
EUR/PLN 4.23190 4.23370 18.0 -6.08 0.37 PLN
EUR/RUB 67.357 67.603 2,459.0 -370.25 61.78 RUB
EUR/SEK 9.64340 9.64530 19.0 -3.56 -6.49 SEK
EUR/SGD 1.5999 1.6004 4.3 -3.84 -2.34 SGD
EUR/TRY 4.3465 4.3478 13.2 -85.04 4.02 TRY
EUR/USD 1.1742 1.1744 1.4 -2.66 -2.03 SUD
EUR/ZAR 16.105 16.111 63.0 -54.12 23.69 ZAR
GBP/AUD 1.6868 1.6872 3.5 -3.3 0 AUD
GBP/CAD 1.6637 1.6640 3.3 -2.6 -2.65 CAD
GBP/CHF 1.2997 1.2999 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.34910 8.3500 9.9 -3.93 -6.6 DKK
GBP/HKD 10.278 10.279 7.0 -5.77 -7.51 HKD
GBP/HUF 345.640 345.830 1,900.0 -3.99 -3.63 HUF
GBP/JPY 149.99 150.02 2.4 -2.22 -2.84 JPY
GBP/MXN 25.032 25.039 65.0 -230.4 -2.06 MXN
GBP/NOK 10.533 10.537 35.1 -5.93 -6.36 NOK
GBP/NZD 1.8920 1.8928 8.1 -3.78 0.3 NZD
GBP/PLN 4.74670 4.74960 29.0 -5.77 -3.03 PLN
GBP/SEK 10.816 10.820 34.0 0.39 -10.83 SEK
GBP/SGD 1.7947 1.7952 5.0 -3.77 -2.87 SGD
GBP/TRY 4.8754 4.8774 19.9 -96.08 4.11 TRY
GBP/USD 1.3172 1.3174 2.0 -2.57 -2.32 USD
GBP/ZAR 18.065 18.072 65.0 -51.35 23.12 ZAR
NOK/SEK 1.02650 1.02650 0.0 -1.96 -2.75 SEK
NZD/CAD 0.8790 0.8794 4.2 -1.75 -2.87 CAD
NZD/CHF 0.6866 0.68700 3.1 -1.58 -2.91 CHF
NZD/JPY 79.2500 79.2800 3.0 -1.67 -2.87 JPY
NZD/SGD 0.9482 0.9487 5.0 -2.37 -3.01 SGD
NZD/USD 0.6959 0.6962 2.7 -1.77 -2.71 USD
USD/CAD 1.2629 1.2631 2.1 -2.4 -2.45 CAD
USD/CHF 0.98660 0.9868 2.1 -1.96 -2.64 CHF
USD/CNH 6.64180 6.64350 17.0 -4.43 -3.03 CNH
USD/CZK 21.8510 21.8650 140.0 -2.81 -3.69 CZK
USD/DKK 6.3378 6.3384 6.3 -2.84 -5.29 DKK
USD/HKD 7.8028 7.8031 2.9 -4.36 -6.16 HKD
USD/HUF 262.360 262.520 1,600.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 113.86 113.87 1.5 -2.07 -2.64 JPY
USD/MXN 19.003 19.007 42.8 -167.05 0.49 MXN
USD/NOK 7.99630 7.9983 20.1 -4.19 -5.04 NOK
USD/PLN 3.60350 3.60510 16.0 -5.79 -1.99 PLN
USD/RUB 57.385 57.536 1,514.0 -335 14.67 RUB
USD/SEK 8.21150 8.2132 17.4 1.1 -8.46 SEK
USD/SGD 1.3624 1.3627 2.8 -3.22 -2.62 SGD
USD/TRY 3.6999 3.7012 12.9 -63.6 1.9 TRY
USD/ZAR 13.713 13.719 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)