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 1.0073 1.0077 4.4 0.1 -2.81 CAD
AUD/CHF 0.7737 0.7740 3.5 0.23 -2.8 CHF
AUD/JPY 87.0400 87.0720 3.2 0.12 -2.75 JPY
AUD/NZD 1.0710 1.0713 3.8 -2.66 -2.02 NZD
AUD/USD 0.7662 0.7665 2.5 -2.05 -2.45 USD
CAD/CHF 0.7679 0.7682 3.3 -1.98 -2.52 CHF
CAD/JPY 86.3890 86.4220 3.3 0.02 -2.45 JPY
CHF/JPY 112.47 112.510 3.5 -2.54 -2.23 JPY
EUR/AUD 1.3743 1.3747 4.0 -3.57 0.55 AUD
EUR/CAD 1.3847 1.38510 3.8 -2.84 -2.13 CAD
EUR/CHF 1.0636 1.06390 2.5 -2.22 -2.48 CHF
EUR/CZK 27.013 27.026 120.4 -3.42 -3.22 CZK
EUR/DKK 7.4326 7.4330 4.7 -5.17 -3.57 DKK
EUR/GBP 0.8451 0.8454 2.6 -2.54 -2.09 GBP
EUR/HKD 8.1757 8.1764 6.4 -7.13 -4.17 HKD
EUR/HUF 306.91 307.11 1,980.4 -4.36 -2.53 HUF
EUR/JPY 119.64 119.67 2.8 -2.45 -2.38 JPY
EUR/MXN 21.539 21.546 63.4 -217.45 3.9 MXN
EUR/NOK 8.8113 8.81460 32.2 -7.26 -2.75 NOK
EUR/NZD 1.4722 1.4726 4.1 -3.85 0.69 NZD
EUR/PLN 4.2961 4.2982 20.4 -6.08 0.37 PLN
EUR/RUB 60.729 60.861 1,324.4 -370.25 61.78 RUB
EUR/SEK 9.4643 9.4663 20.1 -3.56 -6.49 SEK
EUR/SGD 1.49740 1.4979 5.1 -3.84 -2.34 SGD
EUR/TRY 3.8189 3.8209 20.3 -85.04 4.02 TRY
EUR/USD 1.0533 1.0535 1.9 -2.66 -2.03 SUD
EUR/ZAR 13.811 13.820 84.4 -54.12 23.69 ZAR
GBP/AUD 1.62590 1.6263 4.7 -3.3 0 AUD
GBP/CAD 1.6381 1.6386 4.9 -2.6 -2.65 CAD
GBP/CHF 1.2582 1.2586 3.6 0 -2.95 CHF
GBP/CZK 31.953 31.977 243.4 -3.01 -4.06 CZK
GBP/DKK 8.7924 8.7939 14.5 -3.93 -6.6 DKK
GBP/HKD 9.6720 9.6732 11.9 -5.77 -7.51 HKD
GBP/HUF 363.08 363.34 2,500.4 -3.99 -3.63 HUF
GBP/JPY 141.54 141.580 3.5 -2.22 -2.84 JPY
GBP/MXN 25.481 25.489 77.4 -230.4 -2.06 MXN
GBP/NOK 10.423 10.428 43.6 -5.93 -6.36 NOK
GBP/NZD 1.7416 1.7422 6.2 -3.78 0.3 NZD
GBP/PLN 5.0818 5.0856 37.4 -5.77 -3.03 PLN
GBP/SEK 11.195 11.199 42.7 0.39 -10.83 SEK
GBP/SGD 1.7715 1.7720 5.4 -3.77 -2.87 SGD
GBP/TRY 4.5176 4.5208 31.5 -96.08 4.11 TRY
GBP/USD 1.2461 1.2464 2.7 -2.57 -2.32 USD
GBP/ZAR 16.340 16.350 104.4 -51.35 23.12 ZAR
NOK/SEK 1.0734 1.0740 5.4 -1.96 -2.75 SEK
NZD/CAD 0.9403 0.94080 4.5 -1.75 -2.87 CAD
NZD/CHF 0.7222 0.7226 3.4 -1.58 -2.91 CHF
NZD/JPY 81.2540 81.2870 3.3 -1.67 -2.87 JPY
NZD/SGD 1.0169 1.0173 4.4 -2.37 -3.01 SGD
NZD/USD 0.7153 0.7156 3.0 -1.77 -2.71 USD
USD/CAD 1.3145 1.3147 2.5 -2.4 -2.45 CAD
USD/CHF 1.0096 1.0098 2.0 -1.96 -2.64 CHF
USD/CNH 6.8637 6.8656 18.4 -4.43 -3.03 CNH
USD/CZK 25.641 25.655 130.4 -2.81 -3.69 CZK
USD/DKK 7.0551 7.0558 7.0 -2.84 -5.29 DKK
USD/HKD 7.7609 7.7612 2.5 -4.36 -6.16 HKD
USD/HUF 291.33 291.53 1,900.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 113.57 113.59 2.1 -2.07 -2.64 JPY
USD/MXN 20.447 20.451 37.2 -167.05 0.49 MXN
USD/NOK 8.36460 8.3668 22.5 -4.19 -5.04 NOK
USD/PLN 4.0780 4.0800 19.4 -5.79 -1.99 PLN
USD/RUB 57.689 57.735 464.4 -335 14.67 RUB
USD/SEK 8.9838 8.98600 21.5 1.1 -8.46 SEK
USD/SGD 1.4214 1.4218 3.9 -3.22 -2.62 SGD
USD/TRY 3.6243 3.6261 18.2 -63.6 1.9 TRY
USD/ZAR 13.111 13.118 70.3 -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)