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 0.9814 0.9818 4.1 0.1 -2.81 CAD
AUD/CHF 0.7723 0.7726 3.1 0.23 -2.8 CHF
AUD/JPY 89.3900 89.4190 2.9 0.12 -2.75 JPY
AUD/NZD 1.0943 1.0946 3.4 -2.66 -2.02 NZD
AUD/USD 0.7957 0.7959 2.2 -2.05 -2.45 USD
CAD/CHF 0.7868 0.7871 3.1 -1.98 -2.52 CHF
CAD/JPY 91.0620 91.0900 2.8 0.02 -2.45 JPY
CHF/JPY 115.71 115.74 3.1 -2.54 -2.23 JPY
EUR/AUD 1.4989 1.49920 2.7 -3.57 0.55 AUD
EUR/CAD 1.4713 1.47170 3.2 -2.84 -2.13 CAD
EUR/CHF 1.1579 1.1581 2.6 -2.22 -2.48 CHF
EUR/CZK 26.0290 26.0470 180.0 -3.42 -3.22 CZK
EUR/DKK 7.4397 7.4403 5.7 -5.17 -3.57 DKK
EUR/GBP 0.8820 0.8822 2.2 -2.54 -2.09 GBP
EUR/HKD 9.3172 9.3178 6.3 -7.13 -4.17 HKD
EUR/HUF 309.73 310.00 2,690.0 -4.36 -2.53 HUF
EUR/JPY 134.00 134.03 2.3 -2.45 -2.38 JPY
EUR/MXN 21.190 21.197 66.0 -217.45 3.9 MXN
EUR/NOK 9.31770 9.3224 47.1 -7.26 -2.75 NOK
EUR/NZD 1.6405 1.6408 3.7 -3.85 0.69 NZD
EUR/PLN 4.27230 4.27520 29.0 -6.08 0.37 PLN
EUR/RUB 68.770 68.972 2,021.0 -370.25 61.78 RUB
EUR/SEK 9.5240 9.5281 40.7 -3.56 -6.49 SEK
EUR/SGD 1.6069 1.60740 4.4 -3.84 -2.34 SGD
EUR/TRY 4.1758 4.1816 58.2 -85.04 4.02 TRY
EUR/USD 1.1929 1.1931 1.5 -2.66 -2.03 SUD
EUR/ZAR 15.821 15.831 93.0 -54.12 23.69 ZAR
GBP/AUD 1.6991 1.6995 3.7 -3.3 0 AUD
GBP/CAD 1.6679 1.6683 4.0 -2.6 -2.65 CAD
GBP/CHF 1.3126 1.3128 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.4334 8.43480 13.6 -3.93 -6.6 DKK
GBP/HKD 10.561 10.562 10.0 -5.77 -7.51 HKD
GBP/HUF 351.140 351.410 2,700.0 -3.99 -3.63 HUF
GBP/JPY 151.91 151.93 2.6 -2.22 -2.84 JPY
GBP/MXN 24.021 24.029 81.0 -230.4 -2.06 MXN
GBP/NOK 10.562 10.567 51.9 -5.93 -6.36 NOK
GBP/NZD 1.8593 1.8603 9.9 -3.78 0.3 NZD
GBP/PLN 4.84280 4.84680 40.0 -5.77 -3.03 PLN
GBP/SEK 10.796 10.801 57.8 0.39 -10.83 SEK
GBP/SGD 1.8216 1.8221 5.0 -3.77 -2.87 SGD
GBP/TRY 4.73340 4.7407 73.7 -96.08 4.11 TRY
GBP/USD 1.3523 1.3525 2.3 -2.57 -2.32 USD
GBP/ZAR 17.935 17.946 110.0 -51.35 23.12 ZAR
NOK/SEK 1.02150 1.02200 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8966 0.8971 4.6 -1.75 -2.87 CAD
NZD/CHF 0.7056 0.7059 2.6 -1.58 -2.91 CHF
NZD/JPY 81.6710 81.6940 2.3 -1.67 -2.87 JPY
NZD/SGD 0.9793 0.9798 5.0 -2.37 -3.01 SGD
NZD/USD 0.7270 0.7272 2.2 -1.77 -2.71 USD
USD/CAD 1.2333 1.2335 2.3 -2.4 -2.45 CAD
USD/CHF 0.9705 0.9708 2.7 -1.96 -2.64 CHF
USD/CNH 6.59540 6.59710 17.0 -4.43 -3.03 CNH
USD/CZK 21.8170 21.8330 160.0 -2.81 -3.69 CZK
USD/DKK 6.2358 6.2365 6.7 -2.84 -5.29 DKK
USD/HKD 7.8097 7.8100 3.1 -4.36 -6.16 HKD
USD/HUF 259.630 259.840 2,100.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 112.32 112.34 1.5 -2.07 -2.64 JPY
USD/MXN 17.760 17.768 77.3 -167.05 0.49 MXN
USD/NOK 7.8111 7.8134 22.5 -4.19 -5.04 NOK
USD/PLN 3.58110 3.58340 23.0 -5.79 -1.99 PLN
USD/RUB 57.627 57.719 914.0 -335 14.67 RUB
USD/SEK 7.9830 7.9863 33.0 1.1 -8.46 SEK
USD/SGD 1.3469 1.3472 2.8 -3.22 -2.62 SGD
USD/TRY 3.4993 3.5035 42.1 -63.6 1.9 TRY
USD/ZAR 13.260 13.270 102.0 -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)