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 1.0090 1.0094 4.2 0.1 -2.81 CAD
AUD/CHF 0.7744 0.7747 3.0 0.23 -2.8 CHF
AUD/JPY 87.2500 87.2770 2.7 0.12 -2.75 JPY
AUD/NZD 1.0713 1.0717 3.7 -2.66 -2.02 NZD
AUD/USD 0.7675 0.7677 1.8 -2.05 -2.45 USD
CAD/CHF 0.7673 0.7676 2.9 -1.98 -2.52 CHF
CAD/JPY 86.4560 86.4860 3.0 0.02 -2.45 JPY
CHF/JPY 112.64 112.67 3.3 -2.54 -2.23 JPY
EUR/AUD 1.3732 1.3736 3.7 -3.57 0.55 AUD
EUR/CAD 1.3859 1.3862 3.6 -2.84 -2.13 CAD
EUR/CHF 1.0637 1.06400 2.4 -2.22 -2.48 CHF
EUR/CZK 27.0140 27.0260 120.0 -3.42 -3.22 CZK
EUR/DKK 7.4324 7.4332 7.3 -5.17 -3.57 DKK
EUR/GBP 0.8442 0.84450 2.5 -2.54 -2.09 GBP
EUR/HKD 8.1824 8.1832 7.7 -7.13 -4.17 HKD
EUR/HUF 307.60 307.88 2,840.0 -4.36 -2.53 HUF
EUR/JPY 119.84 119.87 3.0 -2.45 -2.38 JPY
EUR/MXN 21.090 21.100 96.0 -217.45 3.9 MXN
EUR/NOK 8.8014 8.8062 47.8 -7.26 -2.75 NOK
EUR/NZD 1.4714 1.4718 4.3 -3.85 0.69 NZD
EUR/PLN 4.29420 4.29740 32.0 -6.08 0.37 PLN
EUR/RUB 60.729 60.861 1,324.0 -370.25 61.78 RUB
EUR/SEK 9.4567 9.46030 35.5 -3.56 -6.49 SEK
EUR/SGD 1.4973 1.4978 4.7 -3.84 -2.34 SGD
EUR/TRY 3.8222 3.8245 23.5 -85.04 4.02 TRY
EUR/USD 1.0542 1.0544 1.7 -2.66 -2.03 SUD
EUR/ZAR 13.864 13.874 102.0 -54.12 23.69 ZAR
GBP/AUD 1.6263 1.6268 4.7 -3.3 0 AUD
GBP/CAD 1.6413 1.64180 4.6 -2.6 -2.65 CAD
GBP/CHF 1.2597 1.2601 3.8 0 -2.95 CHF
GBP/CZK 31.958 32.0530 948.0 -3.01 -4.06 CZK
GBP/DKK 8.8017 8.8036 18.4 -3.93 -6.6 DKK
GBP/HKD 9.6904 9.6917 13.0 -5.77 -7.51 HKD
GBP/HUF 364.290 364.630 3,400.0 -3.99 -3.63 HUF
GBP/JPY 141.92 141.96 4.1 -2.22 -2.84 JPY
GBP/MXN 24.977 24.989 122.0 -230.4 -2.06 MXN
GBP/NOK 10.423 10.429 56.7 -5.93 -6.36 NOK
GBP/NZD 1.7423 1.7435 12.3 -3.78 0.3 NZD
GBP/PLN 5.08500 5.09000 50.0 -5.77 -3.03 PLN
GBP/SEK 11.198 11.204 55.0 0.39 -10.83 SEK
GBP/SGD 1.7733 1.7739 6.0 -3.77 -2.87 SGD
GBP/TRY 4.5263 4.5298 34.9 -96.08 4.11 TRY
GBP/USD 1.2485 1.2488 2.9 -2.57 -2.32 USD
GBP/ZAR 16.419 16.431 126.0 -51.35 23.12 ZAR
NOK/SEK 1.07400 1.07450 5.0 -1.96 -2.75 SEK
NZD/CAD 0.9416 0.9420 4.4 -1.75 -2.87 CAD
NZD/CHF 0.7227 0.7230 3.0 -1.58 -2.91 CHF
NZD/JPY 81.4260 81.4590 3.3 -1.67 -2.87 JPY
NZD/SGD 1.0174 1.0178 4.0 -2.37 -3.01 SGD
NZD/USD 0.7162 0.7165 3.0 -1.77 -2.71 USD
USD/CAD 1.3145 1.3147 1.7 -2.4 -2.45 CAD
USD/CHF 1.0089 1.0091 2.0 -1.96 -2.64 CHF
USD/CNH 6.86160 6.86500 34.0 -4.43 -3.03 CNH
USD/CZK 25.6200 25.6330 130.0 -2.81 -3.69 CZK
USD/DKK 7.0490 7.0500 10.1 -2.84 -5.29 DKK
USD/HKD 7.7607 7.7610 3.0 -4.36 -6.16 HKD
USD/HUF 291.750 292.010 2,600.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 113.66 113.68 1.9 -2.07 -2.64 JPY
USD/MXN 20.001 20.011 98.0 -167.05 0.49 MXN
USD/NOK 8.3482 8.3515 33.4 -4.19 -5.04 NOK
USD/PLN 4.07280 4.07580 30.0 -5.79 -1.99 PLN
USD/RUB 57.394 57.445 514.0 -335 14.67 RUB
USD/SEK 8.9692 8.97240 31.6 1.1 -8.46 SEK
USD/SGD 1.4202 1.4205 3.6 -3.22 -2.62 SGD
USD/TRY 3.6240 3.6264 23.3 -63.6 1.9 TRY
USD/ZAR 13.1490 13.1590 100.0 -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)