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 0.97250 0.97292 4.2 0.1 -2.81 CAD
AUD/CHF 0.74890 0.74920 3.0 0.23 -2.8 CHF
AUD/JPY 85.7310 85.7590 2.8 0.12 -2.75 JPY
AUD/NZD 1.08909 1.08939 3.0 -2.66 -2.02 NZD
AUD/USD 0.75491 0.75512 2.1 -2.05 -2.45 USD
CAD/CHF 0.76991 0.77021 3.0 -1.98 -2.52 CHF
CAD/JPY 88.1360 88.1640 2.8 0.02 -2.45 JPY
CHF/JPY 114.458 114.487 2.9 -2.54 -2.23 JPY
EUR/AUD 1.55303 1.55330 2.7 -3.57 0.55 AUD
EUR/CAD 1.51061 1.51097 3.6 -2.84 -2.13 CAD
EUR/CHF 1.16328 1.16348 2.0 -2.22 -2.48 CHF
EUR/CZK 25.6330 25.6500 170.0 -3.42 -3.22 CZK
EUR/DKK 7.44221 7.44259 3.8 -5.17 -3.57 DKK
EUR/GBP 0.88041 0.88059 1.8 -2.54 -2.09 GBP
EUR/HKD 9.15564 9.15641 7.7 -7.13 -4.17 HKD
EUR/HUF 313.996 314.174 1,780.0 -4.36 -2.53 HUF
EUR/JPY 133.167 133.187 2.0 -2.45 -2.38 JPY
EUR/MXN 22.5201 22.5250 49.0 -217.45 3.9 MXN
EUR/NOK 9.80970 9.81277 30.7 -7.26 -2.75 NOK
EUR/NZD 1.69164 1.69198 3.4 -3.85 0.69 NZD
EUR/PLN 4.21160 4.21340 18.0 -6.08 0.37 PLN
EUR/RUB 69.4373 69.5998 1,625.0 -370.25 61.78 RUB
EUR/SEK 9.90271 9.90463 19.2 -3.56 -6.49 SEK
EUR/SGD 1.58689 1.58736 4.7 -3.84 -2.34 SGD
EUR/TRY 4.51471 4.51644 17.3 -85.04 4.02 TRY
EUR/USD 1.17260 1.17273 1.3 -2.66 -2.03 SUD
EUR/ZAR 16.0661 16.0716 55.7 -54.12 23.69 ZAR
GBP/AUD 1.76376 1.76413 3.7 -3.3 0 AUD
GBP/CAD 1.71563 1.71601 3.8 -2.6 -2.65 CAD
GBP/CHF 1.32114 1.32140 2.6 0 -2.95 CHF
GBP/CZK 28.6171 28.6638 467.0 -3.01 -4.06 CZK
GBP/DKK 8.45191 8.45291 10.0 -3.93 -6.6 DKK
GBP/HKD 10.3979 10.3989 10.0 -5.77 -7.51 HKD
GBP/HUF 356.620 356.810 1,900.0 -3.99 -3.63 HUF
GBP/JPY 151.238 151.263 2.5 -2.22 -2.84 JPY
GBP/MXN 25.5762 25.5805 43.4 -230.4 -2.06 MXN
GBP/NOK 11.1406 11.1445 38.6 -5.93 -6.36 NOK
GBP/NZD 1.92111 1.92163 5.2 -3.78 0.3 NZD
GBP/PLN 4.78280 4.78570 29.0 -5.77 -3.03 PLN
GBP/SEK 11.2460 11.2494 34.0 0.39 -10.83 SEK
GBP/SGD 1.80226 1.80275 4.9 -3.77 -2.87 SGD
GBP/TRY 5.12709 5.12961 25.2 -96.08 4.11 TRY
GBP/USD 1.33172 1.33190 1.8 -2.57 -2.32 USD
GBP/ZAR 18.2465 18.2533 68.0 -51.35 23.12 ZAR
NOK/SEK 1.00900 1.00950 5.0 -1.96 -2.75 SEK
NZD/CAD 0.89280 0.89320 4.0 -1.75 -2.87 CAD
NZD/CHF 0.68752 0.68781 2.9 -1.58 -2.91 CHF
NZD/JPY 78.7060 78.7310 2.5 -1.67 -2.87 JPY
NZD/SGD 0.93785 0.93835 5.0 -2.37 -3.01 SGD
NZD/USD 0.69302 0.69327 2.5 -1.77 -2.71 USD
USD/CAD 1.28826 1.28847 2.1 -2.4 -2.45 CAD
USD/CHF 0.99200 0.99218 1.8 -1.96 -2.64 CHF
USD/CNH 6.63050 6.63220 17.0 -4.43 -3.03 CNH
USD/CZK 21.8580 21.8730 150.0 -2.81 -3.69 CZK
USD/DKK 6.34617 6.34682 6.5 -2.84 -5.29 DKK
USD/HKD 7.80770 7.80797 2.7 -4.36 -6.16 HKD
USD/HUF 267.760 267.910 1,500.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 113.561 113.575 1.4 -2.07 -2.64 JPY
USD/MXN 19.2045 19.2063 17.7 -167.05 0.49 MXN
USD/NOK 8.36531 8.36752 22.1 -4.19 -5.04 NOK
USD/PLN 3.59140 3.59300 16.0 -5.79 -1.99 PLN
USD/RUB 59.2283 59.3197 914.0 -335 14.67 RUB
USD/SEK 8.44443 8.44630 18.7 1.1 -8.46 SEK
USD/SGD 1.35329 1.35359 3.0 -3.22 -2.62 SGD
USD/TRY 3.84874 3.85027 15.3 -63.6 1.9 TRY
USD/ZAR 13.7005 13.7062 56.4 -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)