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 0.98350 0.98388 3.8 -0.02 -0.64 CAD
AUD/CHF 0.75525 0.75554 2.9 0.32 -0.81 CHF
AUD/JPY 83.7070 83.7330 2.6 0.12 -0.64 JPY
AUD/NZD 1.06618 1.06645 2.7 -0.43 -0.29 NZD
AUD/USD 0.77961 0.77982 2.1 -0.18 -0.31 USD
CAD/CHF 0.76779 0.76808 2.9 0.09 -0.56 CHF
CAD/JPY 85.0950 85.1220 2.7 -0.07 -0.47 JPY
CHF/JPY 110.816 110.844 2.8 -0.56 -0.1 JPY
EUR/AUD 1.58599 1.58626 2.7 -1.56 0.64 AUD
EUR/CAD 1.56009 1.56039 3.0 -0.76 -0.14 CAD
EUR/CHF 1.19806 1.19825 1.9 -0.2 -0.45 CHF
EUR/CZK 25.3117 25.3298 181.0 -1.43 -2.01 CZK
EUR/DKK 7.44745 7.44793 4.8 -1.88 -2.64 DKK
EUR/GBP 0.87104 0.87124 2.0 -0.39 -0.16 GBP
EUR/HKD 9.70620 9.70702 8.2 -4.96 -1.95 HKD
EUR/HUF 310.272 310.467 1,950.0 -1.96 -1.09 HUF
EUR/JPY 132.780 132.801 2.1 -0.48 -0.28 JPY
EUR/MXN 22.4564 22.4759 195.2 -217.45 3.9 MXN
EUR/NOK 9.58780 9.59098 31.8 -5.79 0.13 NOK
EUR/NZD 1.69114 1.69151 3.7 -1.62 0.6 NZD
EUR/PLN 4.16698 4.16870 17.2 -3.86 0.48 PLN
EUR/RUB 75.5323 75.6839 1,516.0 -370.25 61.78 RUB
EUR/SEK 10.3762 10.3783 21.2 -2.41 -3.42 SEK
EUR/SGD 1.61916 1.61963 4.7 -1.28 -0.08 SGD
EUR/TRY 4.99780 4.99916 13.6 -85.04 4.02 TRY
EUR/USD 1.23666 1.23680 1.4 -0.78 0.11 USD
EUR/ZAR 14.7897 14.7956 59.0 -78.12 10.39 ZAR
GBP/AUD 1.82058 1.82095 3.7 -1.27 0.19 AUD
GBP/CAD 1.79085 1.79123 3.8 -0.95 -0.11 CAD
GBP/CHF 1.37529 1.37555 2.6 -0.01 -0.74 CHF
GBP/CZK 28.6171 28.6638 467.0 -1.08 -2.77 CZK
GBP/DKK 8.54864 8.55023 15.9 -0.76 -4.58 DKK
GBP/HKD 11.1414 11.1429 15.8 -3.82 -4.21 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.61 -1.88 HUF
GBP/JPY 152.420 152.446 2.6 -0.47 -0.44 JPY
GBP/MXN 25.7856 25.7917 61.2 -230.4 -2.06 MXN
GBP/NOK 11.0050 11.0102 52.0 -4.75 -1.96 NOK
GBP/NZD 1.94128 1.94178 5.0 -1.49 0.32 NZD
GBP/PLN 4.78233 4.78595 36.2 -3.49 -0.41 PLN
GBP/SEK 11.9098 11.9149 50.8 -0.96 -5.93 SEK
GBP/SGD 1.85875 1.85922 4.7 -1.05 -0.44 SGD
GBP/TRY 5.73672 5.73890 21.8 -96.08 4.11 TRY
GBP/USD 1.41958 1.41977 1.9 -0.95 0.16 USD
GBP/ZAR 16.9776 16.9845 69.0 -78.35 11.12 ZAR
NOK/SEK 1.08150 1.08200 5.0 0.03 -0.73 SEK
NZD/CAD 0.92226 0.92271 4.5 0.04 -0.66 CAD
NZD/CHF 0.70826 0.70855 2.9 0.34 -0.8 CHF
NZD/JPY 78.4980 78.5270 2.9 0.23 -0.74 JPY
NZD/SGD 0.95725 0.95775 5.0 -0.11 -0.8 SGD
NZD/USD 0.73108 0.73135 2.7 -0.01 -0.47 USD
USD/CAD 1.26154 1.26174 2.0 -0.3 -0.45 CAD
USD/CHF 0.96873 0.96890 1.7 0.31 -0.85 CHF
USD/CNH 6.26870 6.27050 18.0 -0.63 -0.52 CNH
USD/CZK 20.4642 20.4816 174.0 -0.13 -2.79 CZK
USD/DKK 6.02164 6.02233 6.9 1.48 -5.31 DKK
USD/HKD 7.84836 7.84860 2.4 -0.36 -5.46 HKD
USD/HUF 250.865 251.050 1,850.0 -0.41 -2.21 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 107.364 107.380 1.6 0.01 -0.66 JPY
USD/MXN 18.1630 18.1686 55.7 -167.05 0.49 MXN
USD/NOK 7.75295 7.75502 20.7 -1.05 -3.75 NOK
USD/PLN 3.36917 3.37103 18.6 -2.15 -0.71 PLN
USD/RUB 61.0558 61.2072 1,514.0 -26.4 10.77 RUB
USD/SEK 8.38999 8.39201 20.2 1.92 -6.88 SEK
USD/SGD 1.30928 1.30957 2.9 -0.04 -1.07 SGD
USD/TRY 4.03629 4.03737 10.8 -63.6 1.9 TRY
USD/ZAR 11.9585 11.9641 56.0 -55.11 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)