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 1.0032 1.0032 0.0 0.1 -2.81 CAD
AUD/CHF 0.7324 0.7324 0.0 0.23 -2.8 CHF
AUD/JPY 84.1490 84.1490 0.0 0.12 -2.75 JPY
AUD/NZD 1.0373 1.0373 0.0 -2.66 -2.02 NZD
AUD/USD 0.7560 0.7560 0.0 -2.05 -2.45 USD
CAD/CHF 0.7301 0.7301 0.0 -1.98 -2.52 CHF
CAD/JPY 83.8700 83.8700 0.0 0.02 -2.45 JPY
CHF/JPY 114.77 114.77 0.0 -2.54 -2.23 JPY
EUR/AUD 1.4780 1.4780 0.0 -3.57 0.55 AUD
EUR/CAD 1.4845 1.4845 0.0 -2.84 -2.13 CAD
EUR/CHF 1.0846 1.0846 0.0 -2.22 -2.48 CHF
EUR/CZK 26.244 26.244 0.0 -3.42 -3.22 CZK
EUR/DKK 7.4353 7.4353 0.0 -5.17 -3.57 DKK
EUR/GBP 0.8799 0.8799 0.0 -2.54 -2.09 GBP
EUR/HKD 8.7300 8.7300 0.0 -7.13 -4.17 HKD
EUR/HUF 309.35 309.35 0.0 -4.36 -2.53 HUF
EUR/JPY 124.54 124.54 0.0 -2.45 -2.38 JPY
EUR/MXN 20.131 20.131 0.0 -217.45 3.9 MXN
EUR/NOK 9.4502 9.4502 0.0 -7.26 -2.75 NOK
EUR/NZD 1.5347 1.5347 0.0 -3.85 0.69 NZD
EUR/PLN 4.2209 4.2209 0.0 -6.08 0.37 PLN
EUR/RUB 66.442 66.442 0.0 -370.25 61.78 RUB
EUR/SEK 9.7572 9.7572 0.0 -3.56 -6.49 SEK
EUR/SGD 1.5506 1.5506 0.0 -3.84 -2.34 SGD
EUR/TRY 3.9231 3.9231 0.0 -85.04 4.02 TRY
EUR/USD 1.1191 1.1191 0.0 -2.66 -2.03 SUD
EUR/ZAR 14.450 14.450 0.0 -54.12 23.69 ZAR
GBP/AUD 1.6787 1.6787 0.0 -3.3 0 AUD
GBP/CAD 1.6864 1.6864 0.0 -2.6 -2.65 CAD
GBP/CHF 1.23200 1.23200 0.0 0 -2.95 CHF
GBP/CZK 29.825 29.825 0.0 -3.01 -4.06 CZK
GBP/DKK 8.4446 8.4446 0.0 -3.93 -6.6 DKK
GBP/HKD 9.9130 9.9130 0.0 -5.77 -7.51 HKD
GBP/HUF 351.41 351.41 0.0 -3.99 -3.63 HUF
GBP/JPY 141.480 141.480 0.0 -2.22 -2.84 JPY
GBP/MXN 22.867 22.867 0.0 -230.4 -2.06 MXN
GBP/NOK 10.738 10.738 0.0 -5.93 -6.36 NOK
GBP/NZD 1.7433 1.7433 0.0 -3.78 0.3 NZD
GBP/PLN 4.7961 4.7961 0.0 -5.77 -3.03 PLN
GBP/SEK 11.087 11.087 0.0 0.39 -10.83 SEK
GBP/SGD 1.7628 1.7628 0.0 -3.77 -2.87 SGD
GBP/TRY 4.4570 4.4570 0.0 -96.08 4.11 TRY
GBP/USD 1.2714 1.2714 0.0 -2.57 -2.32 USD
GBP/ZAR 16.430 16.430 0.0 -51.35 23.12 ZAR
NOK/SEK 1.03000 1.03000 0.0 -1.96 -2.75 SEK
NZD/CAD 0.9651 0.9651 0.0 -1.75 -2.87 CAD
NZD/CHF 0.70550 0.70550 0.0 -1.58 -2.91 CHF
NZD/JPY 80.9930 80.9930 0.0 -1.67 -2.87 JPY
NZD/SGD 1.0076 1.0076 0.0 -2.37 -3.01 SGD
NZD/USD 0.7281 0.7281 0.0 -1.77 -2.71 USD
USD/CAD 1.3263 1.3263 0.0 -2.4 -2.45 CAD
USD/CHF 0.9686 0.9686 0.0 -1.96 -2.64 CHF
USD/CNH 6.83110 6.83110 0.0 -4.43 -3.03 CNH
USD/CZK 23.453 23.453 0.0 -2.81 -3.69 CZK
USD/DKK 6.6388 6.6388 0.0 -2.84 -5.29 DKK
USD/HKD 7.7911 7.7911 0.0 -4.36 -6.16 HKD
USD/HUF 276.350 276.350 0.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 111.27 111.27 0.0 -2.07 -2.64 JPY
USD/MXN 17.9900 17.9900 0.0 -167.05 0.49 MXN
USD/NOK 8.4431 8.4431 0.0 -4.19 -5.04 NOK
USD/PLN 3.7706 3.7706 0.0 -5.79 -1.99 PLN
USD/RUB 59.379 59.379 0.0 -335 14.67 RUB
USD/SEK 8.7151 8.7151 0.0 1.1 -8.46 SEK
USD/SGD 1.3867 1.3867 0.0 -3.22 -2.62 SGD
USD/TRY 3.5072 3.5072 0.0 -63.6 1.9 TRY
USD/ZAR 12.9240 12.9240 0.0 -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)