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 0.99208 0.99208 0.0 0.1 -2.81 CAD
AUD/CHF 0.73255 0.73255 0.0 0.23 -2.8 CHF
AUD/JPY 83.9610 83.9610 0.0 0.12 -2.75 JPY
AUD/NZD 1.06832 1.06832 0.0 -2.66 -2.02 NZD
AUD/USD 0.79041 0.79041 0.0 -2.05 -2.45 USD
CAD/CHF 0.73724 0.73724 0.0 -1.98 -2.52 CHF
CAD/JPY 84.5740 84.5740 0.0 0.02 -2.45 JPY
CHF/JPY 114.520 114.520 0.0 -2.54 -2.23 JPY
EUR/AUD 1.56819 1.56819 0.0 -3.57 0.55 AUD
EUR/CAD 1.55809 1.55809 0.0 -2.84 -2.13 CAD
EUR/CHF 1.15048 1.15048 0.0 -2.22 -2.48 CHF
EUR/CZK 25.3070 25.3070 0.0 -3.42 -3.22 CZK
EUR/DKK 7.44761 7.44761 0.0 -5.17 -3.57 DKK
EUR/GBP 0.88377 0.88377 0.0 -2.54 -2.09 GBP
EUR/HKD 9.70239 9.70239 0.0 -7.13 -4.17 HKD
EUR/HUF 310.842 310.842 0.0 -4.36 -2.53 HUF
EUR/JPY 131.803 131.803 0.0 -2.45 -2.38 JPY
EUR/MXN 22.9436 22.9436 0.0 -217.45 3.9 MXN
EUR/NOK 9.63970 9.63970 0.0 -7.26 -2.75 NOK
EUR/NZD 1.67874 1.67874 0.0 -3.85 0.69 NZD
EUR/PLN 4.14910 4.14910 0.0 -6.08 0.37 PLN
EUR/RUB 69.8967 69.8967 0.0 -370.25 61.78 RUB
EUR/SEK 9.87979 9.87979 0.0 -3.56 -6.49 SEK
EUR/SGD 1.62562 1.62562 0.0 -3.84 -2.34 SGD
EUR/TRY 4.64639 4.64639 0.0 -85.04 4.02 TRY
EUR/USD 1.24036 1.24036 0.0 -2.66 2.03 USD
EUR/ZAR 14.4005 14.4005 0.0 -54.12 23.69 ZAR
GBP/AUD 1.77379 1.77379 0.0 -3.3 0 AUD
GBP/CAD 1.76101 1.76101 0.0 -2.6 -2.65 CAD
GBP/CHF 1.30006 1.30006 0.0 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.41217 8.41217 0.0 -3.93 -6.6 DKK
GBP/HKD 10.9701 10.9701 0.0 -5.77 -7.51 HKD
GBP/HUF 350.440 350.440 0.0 -3.99 -3.63 HUF
GBP/JPY 149.133 149.133 0.0 -2.22 -2.84 JPY
GBP/MXN 25.9392 25.9392 0.0 -230.4 -2.06 MXN
GBP/NOK 10.9008 10.9008 0.0 -5.93 -6.36 NOK
GBP/NZD 1.89814 1.89814 0.0 -3.78 0.3 NZD
GBP/PLN 4.69663 4.69663 0.0 -5.77 -3.03 PLN
GBP/SEK 11.1689 11.1689 0.0 0.39 -10.83 SEK
GBP/SGD 1.83845 1.83845 0.0 -3.77 -2.87 SGD
GBP/TRY 5.24974 5.24974 0.0 -96.08 4.11 TRY
GBP/USD 1.40276 1.40276 0.0 -2.57 -2.32 USD
GBP/ZAR 16.3064 16.3064 0.0 -51.35 23.12 ZAR
NOK/SEK 1.02150 1.02150 0.0 -1.96 -2.75 SEK
NZD/CAD 0.92520 0.92520 0.0 -1.75 -2.87 CAD
NZD/CHF 0.68356 0.68356 0.0 -1.58 -2.91 CHF
NZD/JPY 78.4350 78.4350 0.0 -1.67 -2.87 JPY
NZD/SGD 0.96815 0.96815 0.0 -2.37 -3.01 SGD
NZD/USD 0.73898 0.73898 0.0 -1.77 -2.71 USD
USD/CAD 1.25474 1.25474 0.0 -2.4 -2.45 CAD
USD/CHF 0.92719 0.92719 0.0 -1.96 -2.64 CHF
USD/CNH 6.29640 6.29640 0.0 -4.43 -3.03 CNH
USD/CZK 20.3900 20.3900 0.0 -2.81 -3.69 CZK
USD/DKK 5.99852 5.99852 0.0 -2.84 -5.29 DKK
USD/HKD 7.81485 7.81485 0.0 -4.36 -6.16 HKD
USD/HUF 250.020 250.020 0.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 106.261 106.261 0.0 -2.07 -2.64 JPY
USD/MXN 18.5075 18.5075 0.0 -167.05 0.49 MXN
USD/NOK 7.76900 7.76900 0.0 -4.19 -5.04 NOK
USD/PLN 3.34060 3.34060 0.0 -5.79 -1.99 PLN
USD/RUB 56.1443 56.1443 0.0 -335 14.67 RUB
USD/SEK 7.96000 7.96000 0.0 1.1 -8.46 SEK
USD/SGD 1.31131 1.31131 0.0 -3.22 -2.62 SGD
USD/TRY 3.74279 3.74279 0.0 -63.6 1.9 TRY
USD/ZAR 11.6139 11.6139 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)