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 1.0137 1.0141 3.8 0.1 -2.81 CAD
AUD/CHF 0.7711 0.7714 2.9 0.23 -2.8 CHF
AUD/JPY 86.0800 86.1070 2.7 0.12 -2.75 JPY
AUD/NZD 1.0652 1.06560 3.2 -2.66 -2.02 NZD
AUD/USD 0.7672 0.7674 2.0 -2.05 -2.45 USD
CAD/CHF 0.7605 0.7608 3.0 -1.98 -2.52 CHF
CAD/JPY 84.8940 84.9230 2.9 0.02 -2.45 JPY
CHF/JPY 111.60 111.63 3.2 -2.54 -2.23 JPY
EUR/AUD 1.3807 1.38110 3.7 -3.57 0.55 AUD
EUR/CAD 1.4000 1.4003 3.4 -2.84 -2.13 CAD
EUR/CHF 1.0649 1.0651 2.1 -2.22 -2.48 CHF
EUR/CZK 27.0150 27.0270 120.0 -3.42 -3.22 CZK
EUR/DKK 7.4329 7.43340 4.7 -5.17 -3.57 DKK
EUR/GBP 0.8522 0.8524 1.9 -2.54 -2.09 GBP
EUR/HKD 8.2249 8.2258 8.6 -7.13 -4.17 HKD
EUR/HUF 308.23 308.43 1,980.0 -4.36 -2.53 HUF
EUR/JPY 118.87 118.900 2.3 -2.45 -2.38 JPY
EUR/MXN 21.151 21.157 61.0 -217.45 3.9 MXN
EUR/NOK 8.87410 8.8771 30.5 -7.26 -2.75 NOK
EUR/NZD 1.47110 1.47150 4.0 -3.85 0.69 NZD
EUR/PLN 4.31440 4.31630 19.0 -6.08 0.37 PLN
EUR/RUB 61.523 61.755 2,318.0 -370.25 61.78 RUB
EUR/SEK 9.5701 9.57220 20.4 -3.56 -6.49 SEK
EUR/SGD 1.4837 1.4842 5.1 -3.84 -2.34 SGD
EUR/TRY 3.8424 3.84370 12.8 -85.04 4.02 TRY
EUR/USD 1.0596 1.0597 1.4 -2.66 -2.03 SUD
EUR/ZAR 13.847 13.853 66.6 -54.12 23.69 ZAR
GBP/AUD 1.6199 1.6203 3.5 -3.3 0 AUD
GBP/CAD 1.64260 1.6429 3.8 -2.6 -2.65 CAD
GBP/CHF 1.2494 1.2497 3.6 0 -2.95 CHF
GBP/CZK 31.688 31.712 243.0 -3.01 -4.06 CZK
GBP/DKK 8.7200 8.7213 12.6 -3.93 -6.6 DKK
GBP/HKD 9.6500 9.6508 8.0 -5.77 -7.51 HKD
GBP/HUF 361.640 361.850 2,100.0 -3.99 -3.63 HUF
GBP/JPY 139.46 139.500 3.1 -2.22 -2.84 JPY
GBP/MXN 24.816 24.822 61.0 -230.4 -2.06 MXN
GBP/NOK 10.411 10.415 37.7 -5.93 -6.36 NOK
GBP/NZD 1.7259 1.7264 5.0 -3.78 0.3 NZD
GBP/PLN 5.06130 5.06460 33.0 -5.77 -3.03 PLN
GBP/SEK 11.227 11.231 38.1 0.39 -10.83 SEK
GBP/SGD 1.7408 1.7413 5.0 -3.77 -2.87 SGD
GBP/TRY 4.5079 4.5098 19.0 -96.08 4.11 TRY
GBP/USD 1.24320 1.2434 2.2 -2.57 -2.32 USD
GBP/ZAR 16.246 16.253 73.0 -51.35 23.12 ZAR
NOK/SEK 1.07800 1.07800 0.0 -1.96 -2.75 SEK
NZD/CAD 0.9514 0.9518 4.2 -1.75 -2.87 CAD
NZD/CHF 0.7237 0.7240 3.1 -1.58 -2.91 CHF
NZD/JPY 80.7890 80.8190 3.0 -1.67 -2.87 JPY
NZD/SGD 1.0084 1.0088 4.0 -2.37 -3.01 SGD
NZD/USD 0.7201 0.7203 2.5 -1.77 -2.71 USD
USD/CAD 1.3212 1.3214 1.9 -2.4 -2.45 CAD
USD/CHF 1.0049 1.0051 1.9 -1.96 -2.64 CHF
USD/CNH 6.85380 6.85560 18.0 -4.43 -3.03 CNH
USD/CZK 25.4920 25.5050 130.0 -2.81 -3.69 CZK
USD/DKK 7.0138 7.0146 8.0 -2.84 -5.29 DKK
USD/HKD 7.76170 7.76200 3.0 -4.36 -6.16 HKD
USD/HUF 290.860 291.050 1,900.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.18 112.19 1.6 -2.07 -2.64 JPY
USD/MXN 19.960 19.964 32.5 -167.05 0.49 MXN
USD/NOK 8.37440 8.3766 22.4 -4.19 -5.04 NOK
USD/PLN 4.07120 4.07300 18.0 -5.79 -1.99 PLN
USD/RUB 58.149 58.180 314.0 -335 14.67 RUB
USD/SEK 9.0307 9.0330 22.8 1.1 -8.46 SEK
USD/SGD 1.4002 1.4005 3.2 -3.22 -2.62 SGD
USD/TRY 3.6248 3.6261 13.0 -63.6 1.9 TRY
USD/ZAR 13.066 13.072 66.0 -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)