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 1.0088 1.0093 4.5 0.1 -2.81 CAD
AUD/CHF 0.7743 0.77470 3.4 0.23 -2.8 CHF
AUD/JPY 87.2380 87.2710 3.3 0.12 -2.75 JPY
AUD/NZD 1.0712 1.0716 3.8 -2.66 -2.02 NZD
AUD/USD 0.7674 0.7677 2.4 -2.05 -2.45 USD
CAD/CHF 0.7673 0.7677 3.4 -1.98 -2.52 CHF
CAD/JPY 86.4530 86.4870 3.4 0.02 -2.45 JPY
CHF/JPY 112.63 112.67 3.6 -2.54 -2.23 JPY
EUR/AUD 1.3733 1.37370 3.9 -3.57 0.55 AUD
EUR/CAD 1.3857 1.3861 3.9 -2.84 -2.13 CAD
EUR/CHF 1.0637 1.0639 2.4 -2.22 -2.48 CHF
EUR/CZK 27.013 27.026 120.4 -3.42 -3.22 CZK
EUR/DKK 7.4324 7.4332 7.3 -5.17 -3.57 DKK
EUR/GBP 0.84420 0.8444 2.9 -2.54 -2.09 GBP
EUR/HKD 8.1818 8.1826 8.0 -7.13 -4.17 HKD
EUR/HUF 307.61 307.89 2,840.4 -4.36 -2.53 HUF
EUR/JPY 119.83 119.86 3.2 -2.45 -2.38 JPY
EUR/MXN 21.089 21.098 86.4 -217.45 3.9 MXN
EUR/NOK 8.8015 8.80640 48.7 -7.26 -2.75 NOK
EUR/NZD 1.4714 1.4719 4.9 -3.85 0.69 NZD
EUR/PLN 4.2942 4.2974 31.4 -6.08 0.37 PLN
EUR/RUB 60.729 60.861 1,324.4 -370.25 61.78 RUB
EUR/SEK 9.4564 9.4600 35.9 -3.56 -6.49 SEK
EUR/SGD 1.4971 1.4976 5.1 -3.84 -2.34 SGD
EUR/TRY 3.82160 3.8243 27.2 -85.04 4.02 TRY
EUR/USD 1.05420 1.05440 2.0 -2.66 -2.03 SUD
EUR/ZAR 13.862 13.872 102.4 -54.12 23.69 ZAR
GBP/AUD 1.6264 1.6269 4.8 -3.3 0 AUD
GBP/CAD 1.6412 1.6417 4.8 -2.6 -2.65 CAD
GBP/CHF 1.2597 1.2601 4.2 0 -2.95 CHF
GBP/CZK 31.958 32.053 948.4 -3.01 -4.06 CZK
GBP/DKK 8.8021 8.8038 17.4 -3.93 -6.6 DKK
GBP/HKD 9.6900 9.6913 13.4 -5.77 -7.51 HKD
GBP/HUF 364.30 364.65 3,400.4 -3.99 -3.63 HUF
GBP/JPY 141.91 141.96 4.3 -2.22 -2.84 JPY
GBP/MXN 24.977 24.988 109.4 -230.4 -2.06 MXN
GBP/NOK 10.424 10.429 56.7 -5.93 -6.36 NOK
GBP/NZD 1.7423 1.7436 12.7 -3.78 0.3 NZD
GBP/PLN 5.0852 5.0901 48.4 -5.77 -3.03 PLN
GBP/SEK 11.199 11.204 54.5 0.39 -10.83 SEK
GBP/SGD 1.7731 1.7737 6.4 -3.77 -2.87 SGD
GBP/TRY 4.5257 4.5296 38.8 -96.08 4.11 TRY
GBP/USD 1.2484 1.2488 3.2 -2.57 -2.32 USD
GBP/ZAR 16.417 16.430 124.4 -51.35 23.12 ZAR
NOK/SEK 1.0739 1.0745 5.4 -1.96 -2.75 SEK
NZD/CAD 0.9415 0.9420 4.8 -1.75 -2.87 CAD
NZD/CHF 0.7226 0.7230 3.5 -1.58 -2.91 CHF
NZD/JPY 81.4160 81.4530 3.7 -1.67 -2.87 JPY
NZD/SGD 1.0172 1.0177 5.4 -2.37 -3.01 SGD
NZD/USD 0.7162 0.7165 3.4 -1.77 -2.71 USD
USD/CAD 1.3145 1.3147 2.4 -2.4 -2.45 CAD
USD/CHF 1.0089 1.0091 2.5 -1.96 -2.64 CHF
USD/CNH 6.8615 6.8650 34.4 -4.43 -3.03 CNH
USD/CZK 25.621 25.635 130.4 -2.81 -3.69 CZK
USD/DKK 7.0495 7.05060 10.1 -2.84 -5.29 DKK
USD/HKD 7.7607 7.7610 3.4 -4.36 -6.16 HKD
USD/HUF 291.76 292.04 2,700.4 -3.23 -3.23 HUF
USD/ILS 3.7929 3.8090 160.4 -2.04 -2.04 ILS
USD/JPY 113.66 113.68 2.1 -2.07 -2.64 JPY
USD/MXN 20.001 20.011 98.4 -167.05 0.49 MXN
USD/NOK 8.3488 8.3523 34.3 -4.19 -5.04 NOK
USD/PLN 4.0730 4.0761 30.4 -5.79 -1.99 PLN
USD/RUB 57.394 57.445 514.4 -335 14.67 RUB
USD/SEK 8.9696 8.9728 32.0 1.1 -8.46 SEK
USD/SGD 1.42010 1.42050 4.0 -3.22 -2.62 SGD
USD/TRY 3.6241 3.6264 23.4 -63.6 1.9 TRY
USD/ZAR 13.148 13.158 100.4 -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)