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 0.9245 0.9249 3.6 -0.32 -0.59 CAD
AUD/CHF 0.7032 0.7034 2.4 0.14 -0.91 CHF
AUD/JPY 79.8200 79.8420 2.2 -0.07 -0.73 JPY
AUD/NZD 1.0842 1.0844 2.5 -0.59 -0.44 NZD
AUD/USD 0.7119 0.7120 1.8 -0.51 -0.24 USD
CAD/CHF 0.7604 0.7606 2.6 0.03 -0.78 CHF
CAD/JPY 86.3110 86.3370 2.6 -0.1 -0.71 JPY
CHF/JPY 113.49 113.51 2.5 -0.73 -0.27 JPY
EUR/AUD 1.62740 1.6276 2.6 -1.69 0.33 AUD
EUR/CAD 1.5049 1.5052 3.0 -1.06 -0.22 CAD
EUR/CHF 1.14460 1.1447 1.6 -0.17 -0.9 CHF
EUR/CZK 25.795 25.8460 505.0 -2.17 -0.93 CZK
EUR/DKK 7.4606 7.4612 6.0 -2.75 -2.93 DKK
EUR/GBP 0.8786 0.87880 1.9 -0.61 -0.19 GBP
EUR/HKD 9.0806 9.0828 22.5 -10.04 0.09 HKD
EUR/HUF 321.89 322.400 5,050.0 -1.85 -1.44 HUF
EUR/JPY 129.91 129.93 1.8 -0.46 -0.64 JPY
EUR/MXN 21.858 21.875 170.5 -332.6 169.8 MXN
EUR/NOK 9.4267 9.42960 28.6 -6.61 -0.7 NOK
EUR/NZD 1.7646 1.7649 2.9 -1.96 0.53 NZD
EUR/PLN 4.28990 4.29170 18.0 -4.18 0.11 PLN
EUR/RUB 75.799 75.990 1,907.0 -260.18 16.82 RUB
EUR/SEK 10.348 10.350 20.0 -3.37 -4.35 SEK
EUR/SGD 1.5956 1.5960 4.0 -1.59 -0.19 SGD
EUR/TRY 6.7057 6.7100 43.7 -114.85 62.6 TRY
EUR/USD 1.1587 1.1588 1.3 -1.29 0.26 USD
EUR/ZAR 16.5760 16.581 59.0 -226.5 104.65 ZAR
GBP/AUD 1.8520 1.8523 2.5 -1.49 -0.05 AUD
GBP/CAD 1.71270 1.7130 3.3 -1.05 -0.39 CAD
GBP/CHF 1.3025 1.3028 2.7 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4896 8.4922 25.8 -0.98 -5.34 DKK
GBP/HKD 10.316 10.320 32.8 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 147.85 147.87 1.8 -0.28 -0.98 JPY
GBP/MXN 24.885 24.890 52.4 -350.6 170.4 MXN
GBP/NOK 10.727 10.731 32.4 -4.75 -1.96 NOK
GBP/NZD 2.0081 2.0086 4.2 -1.74 0.07 NZD
GBP/PLN 4.8816 4.8845 28.8 -3.99 -1.09 PLN
GBP/SEK 11.776 11.779 31.7 -1.02 -7.74 SEK
GBP/SGD 1.8158 1.81630 4.1 -6.65 -3 SGD
GBP/TRY 7.6313 7.6365 52.4 -127.4 68.95 TRY
GBP/USD 1.3186 1.3188 1.6 -1.17 0.02 USD
GBP/ZAR 18.864 18.870 63.0 -238.85 101.05 ZAR
NOK/SEK 1.09250 1.09450 20.0 -0.15 -0.89 SEK
NZD/CAD 0.8526 0.8530 4.2 -0.19 -0.68 CAD
NZD/CHF 0.6485 0.6487 2.5 0.18 -0.93 CHF
NZD/JPY 73.6100 73.6340 2.4 1 -0.88 JPY
NZD/SGD 0.9040 0.9044 4.0 -0.35 -0.83 SGD
NZD/USD 0.6565 0.6567 2.3 -0.42 -0.31 USD
USD/CAD 1.2987 1.2989 1.7 -0.17 -0.8 CAD
USD/CHF 0.9877 0.98790 1.5 0.4 -1.31 CHF
USD/CNH 6.91740 6.91920 18.0 -17.91 -11.69 CNH
USD/CZK 22.259 22.308 487.0 -0.47 -2.1 CZK
USD/DKK 6.4379 6.43910 11.1 1.92 -6.49 DKK
USD/HKD 7.8361 7.8364 3.3 -3.12 -7.79 HKD
USD/HUF 277.73 278.22 4,870.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 112.11 112.12 1.4 2.3 -10.2 JPY
USD/MXN 18.870 18.873 27.0 -213.2 76.8 MXN
USD/NOK 8.13520 8.1375 23.1 -0.35 -5.65 NOK
USD/PLN 3.7004 3.7054 50.1 -1.49 -2.14 PLN
USD/RUB 65.418 65.569 1,514.0 -26.4 1.24 RUB
USD/SEK 8.9301 8.9325 23.5 2.58 -9.03 SEK
USD/SGD 1.3769 1.3772 2.7 -0.61 -1.02 SGD
USD/TRY 5.7833 5.7868 35.2 -81.4 38.6 TRY
USD/ZAR 14.304 14.309 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)