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 0.97714 0.97749 3.5 -0.02 -0.64 CAD
AUD/CHF 0.74378 0.74410 3.2 0.32 -0.81 CHF
AUD/JPY 82.8220 82.8480 2.6 0.12 -0.64 JPY
AUD/NZD 1.06799 1.06829 3.0 -0.43 -0.29 NZD
AUD/USD 0.76132 0.76151 1.9 -0.18 -0.31 USD
CAD/CHF 0.76108 0.76136 2.8 0.09 -0.56 CHF
CAD/JPY 84.7490 84.7740 2.5 -0.07 -0.47 JPY
CHF/JPY 111.331 111.363 3.2 -0.56 -0.1 JPY
EUR/AUD 1.60469 1.60501 3.2 -1.56 0.64 AUD
EUR/CAD 1.56823 1.56851 2.8 -0.76 -0.14 CAD
EUR/CHF 1.19380 1.19401 2.1 -0.2 -0.45 CHF
EUR/CZK 25.4489 25.4658 169.0 -1.43 -2.01 CZK
EUR/DKK 7.44754 7.44814 6.0 -1.88 -2.64 DKK
EUR/GBP 0.87606 0.87626 2.0 -0.39 -0.16 GBP
EUR/HKD 9.58666 9.58779 11.3 -4.96 -1.95 HKD
EUR/HUF 312.645 312.840 1,950.0 -1.96 -1.09 HUF
EUR/JPY 132.929 132.949 2.0 -0.48 -0.28 JPY
EUR/MXN 23.0421 23.0556 134.5 -217.45 3.9 MXN
EUR/NOK 9.62810 9.63124 31.4 -5.79 0.13 NOK
EUR/NZD 1.71400 1.71439 3.9 -1.62 0.6 NZD
EUR/PLN 4.20102 4.20280 17.8 -3.86 0.48 PLN
EUR/RUB 75.0870 75.3146 2,276.0 -370.25 61.78 RUB
EUR/SEK 10.3768 10.3788 20.9 -2.41 -3.42 SEK
EUR/SGD 1.61492 1.61538 4.6 -1.28 -0.08 SGD
EUR/TRY 4.98770 4.98886 11.6 -85.04 4.02 TRY
EUR/USD 1.22179 1.22194 1.5 -0.78 0.11 USD
EUR/ZAR 15.0100 15.0158 58.0 -78.12 10.39 ZAR
GBP/AUD 1.83147 1.83185 3.8 -1.27 0.19 AUD
GBP/CAD 1.78993 1.79023 3.0 -0.95 -0.11 CAD
GBP/CHF 1.36255 1.36281 2.6 -0.01 -0.74 CHF
GBP/CZK 28.6171 28.6638 467.0 -1.08 -2.77 CZK
GBP/DKK 8.49926 8.50132 20.6 -0.76 -4.58 DKK
GBP/HKD 10.9412 10.9431 19.1 -3.82 -4.21 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.61 -1.88 HUF
GBP/JPY 151.718 151.742 2.4 -0.47 -0.44 JPY
GBP/MXN 26.3044 26.3118 73.8 -230.4 -2.06 MXN
GBP/NOK 10.9886 10.9931 45.4 -4.75 -1.96 NOK
GBP/NZD 1.95607 1.95678 7.1 -1.49 0.32 NZD
GBP/PLN 4.79396 4.79779 38.3 -3.49 -0.41 PLN
GBP/SEK 11.8425 11.8472 47.1 -0.96 -5.93 SEK
GBP/SGD 1.84325 1.84365 4.0 -1.05 -0.44 SGD
GBP/TRY 5.69246 5.69430 18.4 -96.08 4.11 TRY
GBP/USD 1.39450 1.39469 1.9 -0.95 0.16 USD
GBP/ZAR 17.1318 17.1382 64.0 -78.35 11.12 ZAR
NOK/SEK 1.07700 1.07750 5.0 0.03 -0.73 SEK
NZD/CAD 0.91479 0.91519 4.0 0.04 -0.66 CAD
NZD/CHF 0.69633 0.69661 2.8 0.34 -0.8 CHF
NZD/JPY 77.5370 77.5660 2.9 0.23 -0.74 JPY
NZD/SGD 0.94195 0.94255 6.0 -0.11 -0.8 SGD
NZD/USD 0.71272 0.71298 2.6 -0.01 -0.47 USD
USD/CAD 1.28351 1.28369 1.8 -0.3 -0.45 CAD
USD/CHF 0.97700 0.97721 2.1 0.31 -0.85 CHF
USD/CNH 6.30370 6.30540 17.0 -0.63 -0.52 CNH
USD/CZK 20.8264 20.8431 167.0 -0.13 -2.79 CZK
USD/DKK 6.09498 6.09590 9.2 1.48 -5.31 DKK
USD/HKD 7.84631 7.84659 2.8 -0.36 -5.46 HKD
USD/HUF 255.873 256.064 1,910.0 -0.41 -2.21 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 108.790 108.806 1.6 0.01 -0.66 JPY
USD/MXN 18.8624 18.8678 53.5 -167.05 0.49 MXN
USD/NOK 7.87998 7.88201 20.3 -1.05 -3.75 NOK
USD/PLN 3.43799 3.44002 20.3 -2.15 -0.71 PLN
USD/RUB 61.5353 61.6267 914.0 -26.4 10.77 RUB
USD/SEK 8.49236 8.49434 19.8 1.92 -6.88 SEK
USD/SGD 1.32174 1.32200 2.6 -0.04 -1.07 SGD
USD/TRY 4.08085 4.08185 10.0 -63.6 1.9 TRY
USD/ZAR 12.2839 12.2896 57.0 -55.11 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)