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 0.97940 0.9798 4.1 0.1 -2.81 CAD
AUD/CHF 0.7700 0.7703 3.2 0.23 -2.8 CHF
AUD/JPY 88.7610 88.7900 2.9 0.12 -2.75 JPY
AUD/NZD 1.1050 1.1054 4.0 -2.66 -2.02 NZD
AUD/USD 0.7853 0.78560 2.2 -2.05 -2.45 USD
CAD/CHF 0.78610 0.7864 3.1 -1.98 -2.52 CHF
CAD/JPY 90.6100 90.6370 2.7 0.02 -2.45 JPY
CHF/JPY 115.24 115.27 3.2 -2.54 -2.23 JPY
EUR/AUD 1.5021 1.50240 2.7 -3.57 0.55 AUD
EUR/CAD 1.4714 1.4718 3.6 -2.84 -2.13 CAD
EUR/CHF 1.1569 1.1572 2.7 -2.22 -2.48 CHF
EUR/CZK 25.7080 25.7280 200.0 -3.42 -3.22 CZK
EUR/DKK 7.4438 7.4444 5.7 -5.17 -3.57 DKK
EUR/GBP 0.8928 0.89310 2.1 -2.54 -2.09 GBP
EUR/HKD 9.2023 9.2031 8.0 -7.13 -4.17 HKD
EUR/HUF 308.10 308.38 2,790.0 -4.36 -2.53 HUF
EUR/JPY 133.35 133.37 2.0 -2.45 -2.38 JPY
EUR/MXN 22.282 22.289 73.0 -217.45 3.9 MXN
EUR/NOK 9.3874 9.3917 43.5 -7.26 -2.75 NOK
EUR/NZD 1.6601 1.6608 6.6 -3.85 0.69 NZD
EUR/PLN 4.23460 4.23700 24.0 -6.08 0.37 PLN
EUR/RUB 67.632 67.861 2,285.0 -370.25 61.78 RUB
EUR/SEK 9.60580 9.60810 23.0 -3.56 -6.49 SEK
EUR/SGD 1.6033 1.6038 4.8 -3.84 -2.34 SGD
EUR/TRY 4.3393 4.3411 17.9 -85.04 4.02 TRY
EUR/USD 1.1799 1.1800 1.4 -2.66 -2.03 SUD
EUR/ZAR 16.003 16.013 98.0 -54.12 23.69 ZAR
GBP/AUD 1.68210 1.6824 3.7 -3.3 0 AUD
GBP/CAD 1.6477 1.6481 4.3 -2.6 -2.65 CAD
GBP/CHF 1.29560 1.2958 2.6 0 -2.95 CHF
GBP/CZK 28.617 28.663 467.0 -3.01 -4.06 CZK
GBP/DKK 8.33480 8.3367 19.8 -3.93 -6.6 DKK
GBP/HKD 10.304 10.305 17.0 -5.77 -7.51 HKD
GBP/HUF 345.010 345.310 3,000.0 -3.99 -3.63 HUF
GBP/JPY 149.33 149.360 2.6 -2.22 -2.84 JPY
GBP/MXN 24.949 24.959 100.0 -230.4 -2.06 MXN
GBP/NOK 10.511 10.517 55.7 -5.93 -6.36 NOK
GBP/NZD 1.8584 1.86020 17.2 -3.78 0.3 NZD
GBP/PLN 4.74130 4.74560 43.0 -5.77 -3.03 PLN
GBP/SEK 10.756 10.760 45.0 0.39 -10.83 SEK
GBP/SGD 1.7954 1.7959 5.1 -3.77 -2.87 SGD
GBP/TRY 4.8585 4.86150 29.5 -96.08 4.11 TRY
GBP/USD 1.32130 1.3215 2.2 -2.57 -2.32 USD
GBP/ZAR 17.919 17.932 122.0 -51.35 23.12 ZAR
NOK/SEK 1.02250 1.02300 5.0 -1.96 -2.75 SEK
NZD/CAD 0.8860 0.8865 5.7 -1.75 -2.87 CAD
NZD/CHF 0.6966 0.6970 4.3 -1.58 -2.91 CHF
NZD/JPY 80.2940 80.3410 4.7 -1.67 -2.87 JPY
NZD/SGD 0.9654 0.9661 7.0 -2.37 -3.01 SGD
NZD/USD 0.7105 0.7108 3.5 -1.77 -2.71 USD
USD/CAD 1.2470 1.2472 2.1 -2.4 -2.45 CAD
USD/CHF 0.9804 0.9806 2.3 -1.96 -2.64 CHF
USD/CNH 6.63010 6.63180 17.0 -4.43 -3.03 CNH
USD/CZK 21.7850 21.8030 180.0 -2.81 -3.69 CZK
USD/DKK 6.3080 6.3088 8.3 -2.84 -5.29 DKK
USD/HKD 7.7986 7.7989 3.4 -4.36 -6.16 HKD
USD/HUF 261.090 261.320 2,300.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 113.01 113.02 1.5 -2.07 -2.64 JPY
USD/MXN 18.880 18.889 85.1 -167.05 0.49 MXN
USD/NOK 7.9556 7.9584 28.7 -4.19 -5.04 NOK
USD/PLN 3.58860 3.59080 22.0 -5.79 -1.99 PLN
USD/RUB 57.404 57.525 1,214.0 -335 14.67 RUB
USD/SEK 8.14040 8.14260 22.0 1.1 -8.46 SEK
USD/SGD 1.3588 1.3590 2.7 -3.22 -2.62 SGD
USD/TRY 3.6738 3.6758 20.5 -63.6 1.9 TRY
USD/ZAR 13.561 13.571 101.0 -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)