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 0.89125 0.89125 0.0 0.1 -2.81 CAD
AUD/CHF 0.64929 0.64929 0.0 0.23 -2.8 CHF
AUD/JPY 80.5190 80.5190 0.0 0.12 -2.75 JPY
AUD/NZD 1.06823 1.06823 0.0 -2.66 -2.02 NZD
AUD/USD 0.69819 0.69819 0.0 -2.05 -2.45 USD
CAD/CHF 0.72787 0.72787 0.0 -1.98 -2.52 CHF
CAD/JPY 90.2430 90.2430 0.0 0.02 -2.45 JPY
CHF/JPY 123.898 123.898 0.0 -2.54 -2.23 JPY
EUR/AUD 1.59504 1.59504 0.0 -3.57 0.55 AUD
EUR/CAD 1.42297 1.42297 0.0 -2.84 -2.13 CAD
EUR/CHF 1.03722 1.03722 0.0 -2.22 -2.48 CHF
EUR/CZK 24.3763 24.3763 0.0 -3.42 -3.22 CZK
EUR/DKK 7.44153 7.44153 0.0 -5.17 -3.57 DKK
EUR/GBP 0.83144 0.83144 0.0 -2.54 -2.09 GBP
EUR/HKD 8.68110 8.68110 0.0 -7.13 -4.17 HKD
EUR/HUF 357.568 357.568 0.0 -4.36 -2.53 HUF
EUR/JPY 128.543 128.543 0.0 -2.45 -2.38 JPY
EUR/MXN 23.1621 23.1621 0.0 -217.45 3.9 MXN
EUR/NOK 9.87270 9.87270 0.0 -7.26 -2.75 NOK
EUR/NZD 1.69812 1.69812 0.0 -3.85 0.69 NZD
EUR/PLN 4.57173 4.57173 0.0 -6.08 0.37 PLN
EUR/RUB 85.2104 85.2104 0.0 -370.25 61.78 RUB
EUR/SEK 10.3970 10.3970 0.0 -3.56 -6.49 SEK
EUR/SGD 1.50438 1.50438 0.0 -3.84 -2.34 SGD
EUR/TRY 14.5502 14.5502 0.0 -85.04 4.02 TRY
EUR/USD 1.11460 1.11460 0.0 -2.66 -2.03 SUD
EUR/ZAR 17.2507 17.2507 0.0 -54.12 23.69 ZAR
GBP/AUD 1.91672 1.91672 0.0 -3.3 0 AUD
GBP/CAD 1.71093 1.71093 0.0 -2.6 -2.65 CAD
GBP/CHF 1.24599 1.24599 0.0 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.72878 8.72878 0.0 -3.93 -6.6 DKK
GBP/HKD 10.7970 10.7970 0.0 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 154.542 154.542 0.0 -2.22 -2.84 JPY
GBP/MXN 27.8066 27.8066 0.0 -230.4 -2.06 MXN
GBP/NOK 11.9766 11.9766 0.0 -5.93 -6.36 NOK
GBP/NZD 2.02942 2.02942 0.0 -3.78 0.3 NZD
GBP/PLN 5.48335 5.48335 0.0 -5.77 -3.03 PLN
GBP/SEK 12.6051 12.6051 0.0 0.39 -10.83 SEK
GBP/SGD 1.80467 1.80467 0.0 -3.77 -2.87 SGD
GBP/TRY 17.4729 17.4729 0.0 -96.08 4.11 TRY
GBP/USD 1.33966 1.33966 0.0 -2.57 -2.32 USD
GBP/ZAR 20.7236 20.7236 0.0 -51.35 23.12 ZAR
NOK/SEK 1.02200 1.02200 0.0 -1.96 -2.75 SEK
NZD/CAD 0.83045 0.83045 0.0 -1.75 -2.87 CAD
NZD/CHF 0.60177 0.60177 0.0 -1.58 -2.91 CHF
NZD/JPY 75.3430 75.3430 0.0 -1.67 -2.87 JPY
NZD/SGD 0.87823 0.87823 0.0 -2.37 -3.01 SGD
NZD/USD 0.65363 0.65363 0.0 -1.77 -2.71 USD
USD/CAD 1.27664 1.27664 0.0 -2.4 -2.45 CAD
USD/CHF 0.92998 0.92998 0.0 -1.96 -2.64 CHF
USD/CNH 6.36380 6.36380 0.0 -4.43 -3.03 CNH
USD/CZK 21.8408 21.8408 0.0 -2.81 -3.69 CZK
USD/DKK 6.66960 6.66960 0.0 -2.84 -5.29 DKK
USD/HKD 7.79041 7.79041 0.0 -4.36 -6.16 HKD
USD/HUF 321.102 321.102 0.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 115.289 115.289 0.0 -2.07 -2.64 JPY
USD/MXN 20.7822 20.7822 0.0 -167.05 0.49 MXN
USD/NOK 8.88240 8.88240 0.0 -4.19 -5.04 NOK
USD/PLN 4.09537 4.09537 0.0 -5.79 -1.99 PLN
USD/RUB 76.6953 76.6953 0.0 -335 14.67 RUB
USD/SEK 9.32938 9.32938 0.0 1.1 -8.46 SEK
USD/SGD 1.35517 1.35517 0.0 -3.22 -2.62 SGD
USD/TRY 12.8788 12.8788 0.0 -63.6 1.9 TRY
USD/ZAR 15.4428 15.4428 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(21:59 GMT)