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 0.9935 0.9939 3.8 0.1 -2.81 CAD
AUD/CHF 0.7619 0.7622 2.7 0.23 -2.8 CHF
AUD/JPY 86.1770 86.2040 2.7 0.12 -2.75 JPY
AUD/NZD 1.0940 1.0943 3.0 -2.66 -2.02 NZD
AUD/USD 0.7894 0.7895 1.8 -2.05 -2.45 USD
CAD/CHF 0.7667 0.7670 2.7 -1.98 -2.52 CHF
CAD/JPY 86.7190 86.7460 2.7 0.02 -2.45 JPY
CHF/JPY 113.08 113.11 2.8 -2.54 -2.23 JPY
EUR/AUD 1.4934 1.4937 2.4 -3.57 0.55 AUD
EUR/CAD 1.4841 1.4844 3.0 -2.84 -2.13 CAD
EUR/CHF 1.1381 1.1383 2.2 -2.22 -2.48 CHF
EUR/CZK 26.1270 26.1420 150.0 -3.42 -3.22 CZK
EUR/DKK 7.43710 7.4375 4.5 -5.17 -3.57 DKK
EUR/GBP 0.9217 0.9219 2.1 -2.54 -2.09 GBP
EUR/HKD 9.2282 9.2288 5.8 -7.13 -4.17 HKD
EUR/HUF 302.46 302.63 1,710.0 -4.36 -2.53 HUF
EUR/JPY 128.72 128.74 2.0 -2.45 -2.38 JPY
EUR/MXN 20.917 20.922 48.0 -217.45 3.9 MXN
EUR/NOK 9.3055 9.3088 32.5 -7.26 -2.75 NOK
EUR/NZD 1.6340 1.6343 3.3 -3.85 0.69 NZD
EUR/PLN 4.27880 4.28060 18.0 -6.08 0.37 PLN
EUR/RUB 69.597 69.838 2,407.0 -370.25 61.78 RUB
EUR/SEK 9.5431 9.5449 18.6 -3.56 -6.49 SEK
EUR/SGD 1.6059 1.6064 4.5 -3.84 -2.34 SGD
EUR/TRY 4.1260 4.1270 9.7 -85.04 4.02 TRY
EUR/USD 1.1791 1.1792 1.4 -2.66 -2.03 SUD
EUR/ZAR 15.630 15.6360 57.0 -54.12 23.69 ZAR
GBP/AUD 1.6200 1.6204 3.6 -3.3 0 AUD
GBP/CAD 1.6099 1.6103 3.9 -2.6 -2.65 CAD
GBP/CHF 1.2346 1.23490 2.6 0 -2.95 CHF
GBP/CZK 28.340 28.362 221.0 -3.01 -4.06 CZK
GBP/DKK 8.0675 8.0687 12.5 -3.93 -6.6 DKK
GBP/HKD 10.010 10.011 11.0 -5.77 -7.51 HKD
GBP/HUF 328.120 328.300 1,800.0 -3.99 -3.63 HUF
GBP/JPY 139.63 139.66 2.5 -2.22 -2.84 JPY
GBP/MXN 22.6910 22.695 48.8 -230.4 -2.06 MXN
GBP/NOK 10.094 10.098 39.3 -5.93 -6.36 NOK
GBP/NZD 1.7725 1.7730 5.3 -3.78 0.3 NZD
GBP/PLN 4.64120 4.64420 30.0 -5.77 -3.03 PLN
GBP/SEK 10.351 10.355 36.7 0.39 -10.83 SEK
GBP/SGD 1.7421 1.7426 5.4 -3.77 -2.87 SGD
GBP/TRY 4.4756 4.4774 18.3 -96.08 4.11 TRY
GBP/USD 1.27910 1.2792 1.8 -2.57 -2.32 USD
GBP/ZAR 16.955 16.962 69.0 -51.35 23.12 ZAR
NOK/SEK 1.02500 1.02550 5.0 -1.96 -2.75 SEK
NZD/CAD 0.9080 0.9084 3.9 -1.75 -2.87 CAD
NZD/CHF 0.6963 0.6966 2.6 -1.58 -2.91 CHF
NZD/JPY 78.7600 78.7870 2.7 -1.67 -2.87 JPY
NZD/SGD 0.9826 0.9830 4.0 -2.37 -3.01 SGD
NZD/USD 0.7214 0.72170 2.6 -1.77 -2.71 USD
USD/CAD 1.2586 1.2588 2.0 -2.4 -2.45 CAD
USD/CHF 0.9651 0.9653 1.7 -1.96 -2.64 CHF
USD/CNH 6.66480 6.66650 17.0 -4.43 -3.03 CNH
USD/CZK 22.1560 22.1700 140.0 -2.81 -3.69 CZK
USD/DKK 6.3068 6.3073 5.5 -2.84 -5.29 DKK
USD/HKD 7.8259 7.8262 2.9 -4.36 -6.16 HKD
USD/HUF 256.500 256.650 1,500.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.80900 160.0 -2.04 -2.04 ILS
USD/JPY 109.16 109.17 1.5 -2.07 -2.64 JPY
USD/MXN 17.738 17.742 34.2 -167.05 0.49 MXN
USD/NOK 7.8918 7.8938 19.6 -4.19 -5.04 NOK
USD/PLN 3.62850 3.63010 16.0 -5.79 -1.99 PLN
USD/RUB 59.079 59.200 1,214.0 -335 14.67 RUB
USD/SEK 8.09290 8.0945 16.2 1.1 -8.46 SEK
USD/SGD 1.3619 1.3622 2.9 -3.22 -2.62 SGD
USD/TRY 3.4978 3.4989 10.5 -63.6 1.9 TRY
USD/ZAR 13.254 13.260 60.0 -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)