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 0.99397 0.99436 3.9 0.1 -2.81 CAD
AUD/CHF 0.76532 0.76567 3.5 0.23 -2.8 CHF
AUD/JPY 88.1410 88.1710 3.0 0.12 -2.75 JPY
AUD/NZD 1.08799 1.08831 3.2 -2.66 -2.02 NZD
AUD/USD 0.80040 0.80059 1.9 -2.05 -2.45 USD
CAD/CHF 0.76998 0.77032 3.4 -1.98 -2.52 CHF
CAD/JPY 88.6710 88.6990 2.8 0.02 -2.45 JPY
CHF/JPY 115.139 115.171 3.2 -2.54 -2.23 JPY
EUR/AUD 1.53779 1.53812 3.3 -3.57 0.55 AUD
EUR/CAD 1.52858 1.52891 3.3 -2.84 -2.13 CAD
EUR/CHF 1.17723 1.17744 2.1 -2.22 -2.48 CHF
EUR/CZK 25.3850 25.4090 240.0 -3.42 -3.22 CZK
EUR/DKK 7.44457 7.44508 5.1 -5.17 -3.57 DKK
EUR/GBP 0.87769 0.87787 1.8 -2.54 -2.09 GBP
EUR/HKD 9.62390 9.62453 6.3 -7.13 -4.17 HKD
EUR/HUF 309.163 309.404 2,410.0 -4.36 -2.53 HUF
EUR/JPY 135.564 135.589 2.5 -2.45 -2.38 JPY
EUR/MXN 23.0220 23.0283 63.0 -217.45 3.9 MXN
EUR/NOK 9.62071 9.62490 41.9 -7.26 -2.75 NOK
EUR/NZD 1.67299 1.67338 3.9 -3.85 0.69 NZD
EUR/PLN 4.16540 4.16870 33.0 -6.08 0.37 PLN
EUR/RUB 69.2588 69.4341 1,753.0 -370.25 61.78 RUB
EUR/SEK 9.84555 9.84894 33.9 -3.56 -6.49 SEK
EUR/SGD 1.62049 1.62094 4.5 -3.84 -2.34 SGD
EUR/TRY 4.63909 4.64181 27.2 -85.04 4.02 TRY
EUR/USD 1.23083 1.23096 1.3 -2.66 2.03 USD
EUR/ZAR 14.8051 14.8137 86.0 -54.12 23.69 ZAR
GBP/AUD 1.75175 1.75219 4.4 -3.3 0 AUD
GBP/CAD 1.74138 1.74180 4.2 -2.6 -2.65 CAD
GBP/CHF 1.34111 1.34138 2.7 0 -2.95 CHF
GBP/CZK 28.6171 28.6638 467.0 -3.01 -4.06 CZK
GBP/DKK 8.48062 8.48220 15.8 -3.93 -6.6 DKK
GBP/HKD 10.9637 10.9647 10.0 -5.77 -7.51 HKD
GBP/HUF 352.220 352.470 2,500.0 -3.99 -3.63 HUF
GBP/JPY 154.441 154.465 2.4 -2.22 -2.84 JPY
GBP/MXN 26.2272 26.2342 70.3 -230.4 -2.06 MXN
GBP/NOK 10.9601 10.9653 51.9 -5.93 -6.36 NOK
GBP/NZD 1.90595 1.90645 5.0 -3.78 0.3 NZD
GBP/PLN 4.74510 4.74940 43.0 -5.77 -3.03 PLN
GBP/SEK 11.2157 11.2209 52.5 0.39 -10.83 SEK
GBP/SGD 1.84615 1.84665 5.0 -3.77 -2.87 SGD
GBP/TRY 5.28468 5.28844 37.6 -96.08 4.11 TRY
GBP/USD 1.40218 1.40237 1.9 -2.57 -2.32 USD
GBP/ZAR 16.8663 16.8764 101.0 -51.35 23.12 ZAR
NOK/SEK 1.02300 1.02300 0.0 -1.96 -2.75 SEK
NZD/CAD 0.91345 0.91389 4.4 -1.75 -2.87 CAD
NZD/CHF 0.70349 0.70379 3.0 -1.58 -2.91 CHF
NZD/JPY 81.0130 81.0420 2.9 -1.67 -2.87 JPY
NZD/SGD 0.96845 0.96885 4.0 -2.37 -3.01 SGD
NZD/USD 0.73552 0.73577 2.5 -1.77 -2.71 USD
USD/CAD 1.24189 1.24210 2.1 -2.4 -2.45 CAD
USD/CHF 0.95636 0.95657 2.1 -1.96 -2.64 CHF
USD/CNH 6.39310 6.39480 17.0 -4.43 -3.03 CNH
USD/CZK 20.6230 20.6420 190.0 -2.81 -3.69 CZK
USD/DKK 6.04802 6.04850 4.8 -2.84 -5.29 DKK
USD/HKD 7.81860 7.81891 3.1 -4.36 -6.16 HKD
USD/HUF 251.170 251.360 1,900.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 110.136 110.151 1.5 -2.07 -2.64 JPY
USD/MXN 18.7020 18.7074 54.6 -167.05 0.49 MXN
USD/NOK 7.81640 7.81893 25.3 -4.19 -5.04 NOK
USD/PLN 3.38410 3.38650 24.0 -5.79 -1.99 PLN
USD/RUB 56.3628 56.5142 1,514.0 -335 14.67 RUB
USD/SEK 7.99866 8.00122 25.6 1.1 -8.46 SEK
USD/SGD 1.31657 1.31684 2.7 -3.22 -2.62 SGD
USD/TRY 3.76717 3.76982 26.5 -63.6 1.9 TRY
USD/ZAR 12.0267 12.0357 90.0 -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)