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 0.9281 0.9284 3.6 -0.32 -0.59 CAD
AUD/CHF 0.7082 0.7084 2.4 0.14 -0.91 CHF
AUD/JPY 79.9370 79.9600 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0805 1.0808 2.7 -0.59 -0.44 NZD
AUD/USD 0.71120 0.7113 1.8 -0.51 -0.24 USD
CAD/CHF 0.76290 0.7631 2.7 0.03 -0.78 CHF
CAD/JPY 86.1100 86.1350 2.5 -0.1 -0.71 JPY
CHF/JPY 112.85 112.88 2.4 -0.73 -0.27 JPY
EUR/AUD 1.6086 1.6089 2.5 -1.69 0.33 AUD
EUR/CAD 1.4932 1.49360 3.1 -1.06 -0.22 CAD
EUR/CHF 1.13950 1.1396 1.4 -0.17 -0.9 CHF
EUR/CZK 25.870 25.894 244.0 -2.17 -0.93 CZK
EUR/DKK 7.45980 7.46040 6.0 -2.75 -2.93 DKK
EUR/GBP 0.87830 0.8784 1.8 -0.61 -0.19 GBP
EUR/HKD 8.9701 8.9712 11.2 -10.04 0.09 HKD
EUR/HUF 323.41 323.75 3,440.0 -1.85 -1.44 HUF
EUR/JPY 128.61 128.62 1.7 -0.46 -0.64 JPY
EUR/MXN 21.884 21.902 175.1 -332.6 169.8 MXN
EUR/NOK 9.45460 9.45770 31.0 -6.61 -0.7 NOK
EUR/NZD 1.7385 1.7389 4.2 -1.96 0.53 NZD
EUR/PLN 4.30310 4.30490 18.0 -4.18 0.11 PLN
EUR/RUB 75.181 75.404 2,230.0 -260.18 16.82 RUB
EUR/SEK 10.350 10.352 19.0 -3.37 -4.35 SEK
EUR/SGD 1.5786 1.5790 3.9 -1.59 -0.19 SGD
EUR/TRY 6.4547 6.4587 40.3 -114.85 62.6 TRY
EUR/USD 1.1442 1.1443 1.4 -1.29 0.26 USD
EUR/ZAR 16.468 16.4740 58.0 -226.5 104.65 ZAR
GBP/AUD 1.8313 1.8316 2.5 -1.49 -0.05 AUD
GBP/CAD 1.7000 1.70040 3.6 -1.05 -0.39 CAD
GBP/CHF 1.2971 1.2974 2.6 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4915 8.4937 21.4 -0.98 -5.34 DKK
GBP/HKD 10.211 10.213 24.8 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 146.41 146.43 2.0 -0.28 -0.98 JPY
GBP/MXN 24.922 24.928 57.2 -350.6 170.4 MXN
GBP/NOK 10.763 10.766 32.4 -4.75 -1.96 NOK
GBP/NZD 1.9790 1.9798 7.9 -1.74 0.07 NZD
GBP/PLN 4.8984 4.9013 28.9 -3.99 -1.09 PLN
GBP/SEK 11.783 11.786 31.8 -1.02 -7.74 SEK
GBP/SGD 1.7972 1.7976 4.1 -6.65 -3 SGD
GBP/TRY 7.3483 7.3533 49.4 -127.4 68.95 TRY
GBP/USD 1.3026 1.3028 1.5 -1.17 0.02 USD
GBP/ZAR 18.748 18.755 65.0 -238.85 101.05 ZAR
NOK/SEK 1.09250 1.09450 20.0 -0.15 -0.89 SEK
NZD/CAD 0.8587 0.8591 4.0 -0.19 -0.68 CAD
NZD/CHF 0.6552 0.6555 3.1 0.18 -0.93 CHF
NZD/JPY 73.9590 73.9860 2.7 1 -0.88 JPY
NZD/SGD 0.9078 0.9083 5.0 -0.35 -0.83 SGD
NZD/USD 0.6580 0.6582 2.3 -0.42 -0.31 USD
USD/CAD 1.3050 1.3052 1.7 -0.17 -0.8 CAD
USD/CHF 0.9957 0.9959 1.5 0.4 -1.31 CHF
USD/CNH 6.93550 6.93730 18.0 -17.91 -11.69 CNH
USD/CZK 22.6070 22.631 244.0 -0.47 -2.1 CZK
USD/DKK 6.5190 6.5200 10.0 1.92 -6.49 DKK
USD/HKD 7.8394 7.8397 3.3 -3.12 -7.79 HKD
USD/HUF 282.57 282.910 3,390.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 112.39 112.40 1.4 2.3 -10.2 JPY
USD/MXN 19.131 19.134 33.4 -213.2 76.8 MXN
USD/NOK 8.2627 8.2650 23.3 -0.35 -5.65 NOK
USD/PLN 3.7599 3.7630 31.6 -1.49 -2.14 PLN
USD/RUB 65.710 65.861 1,514.0 -26.4 1.24 RUB
USD/SEK 9.0451 9.0476 24.3 2.58 -9.03 SEK
USD/SGD 1.3796 1.3799 2.8 -0.61 -1.02 SGD
USD/TRY 5.6377 5.6406 29.6 -81.4 38.6 TRY
USD/ZAR 14.391 14.3970 55.0 -143.1 45.4 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)