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 0.92983 0.93032 4.9 0.1 -2.81 CAD
AUD/CHF 0.69134 0.69169 3.5 0.23 -2.8 CHF
AUD/JPY 82.8690 82.8930 2.4 0.12 -2.75 JPY
AUD/NZD 1.07816 1.07848 3.2 -2.66 -2.02 NZD
AUD/USD 0.75224 0.75245 2.1 -2.05 -2.45 USD
CAD/CHF 0.74335 0.74365 3.0 -1.98 -2.52 CHF
CAD/JPY 89.0980 89.1250 2.7 0.02 -2.45 JPY
CHF/JPY 119.837 119.872 3.5 -2.54 -2.23 JPY
EUR/AUD 1.58272 1.58304 3.2 -3.57 0.55 AUD
EUR/CAD 1.47198 1.47243 4.5 -2.84 -2.13 CAD
EUR/CHF 1.09445 1.09469 2.4 -2.22 -2.48 CHF
EUR/CZK 25.4474 25.5894 1,420.0 -3.42 -3.22 CZK
EUR/DKK 7.43527 7.43688 16.1 -5.17 -3.57 DKK
EUR/GBP 0.85784 0.85811 2.7 -2.54 -2.09 GBP
EUR/HKD 9.24510 9.24907 39.7 -7.13 -4.17 HKD
EUR/HUF 354.257 356.593 23,360.0 -4.36 -2.53 HUF
EUR/JPY 131.182 131.203 2.1 -2.45 -2.38 JPY
EUR/MXN 24.2865 24.3391 526.0 -217.45 3.9 MXN
EUR/NOK 10.2682 10.2732 49.9 -7.26 -2.75 NOK
EUR/NZD 1.70659 1.70744 8.5 -3.85 0.69 NZD
EUR/PLN 4.54968 4.55206 23.8 -6.08 0.37 PLN
EUR/RUB 86.0515 86.1055 540.0 -370.25 61.78 RUB
EUR/SEK 10.2283 10.2350 67.0 -3.56 -6.49 SEK
EUR/SGD 1.59758 1.59873 11.5 -3.84 -2.34 SGD
EUR/TRY 10.3563 10.3784 220.5 -85.04 4.02 TRY
EUR/USD 1.19079 1.19093 1.4 -2.66 -2.03 SUD
EUR/ZAR 16.7910 16.8209 299.1 -54.12 23.69 ZAR
GBP/AUD 1.84460 1.84516 5.6 -3.3 0 AUD
GBP/CAD 1.71567 1.71619 5.2 -2.6 -2.65 CAD
GBP/CHF 1.27546 1.27598 5.2 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.59496 8.60025 52.9 -3.93 -6.6 DKK
GBP/HKD 10.7970 10.7986 16.2 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 152.897 152.918 2.1 -2.22 -2.84 JPY
GBP/MXN 28.3231 28.3495 264.5 -230.4 -2.06 MXN
GBP/NOK 11.9265 12.0244 979.0 -5.93 -6.36 NOK
GBP/NZD 1.98887 1.98984 9.7 -3.78 0.3 NZD
GBP/PLN 5.30504 5.33304 280.0 -5.77 -3.03 PLN
GBP/SEK 11.9243 11.9311 68.1 0.39 -10.83 SEK
GBP/SGD 1.86189 1.86351 16.2 -3.77 -2.87 SGD
GBP/TRY 12.0655 12.0987 331.9 -96.08 4.11 TRY
GBP/USD 1.38790 1.38809 1.9 -2.57 -2.32 USD
GBP/ZAR 19.5695 19.6069 373.4 -51.35 23.12 ZAR
NOK/SEK 0.99250 1000000 75.0 -1.96 -2.75 SEK
NZD/CAD 0.86213 0.86283 7.0 -1.75 -2.87 CAD
NZD/CHF 0.64099 0.64148 4.9 -1.58 -2.91 CHF
NZD/JPY 76.8500 76.8790 2.9 -1.67 -2.87 JPY
NZD/SGD 0.93576 0.93693 11.7 -2.37 -3.01 SGD
NZD/USD 0.69758 0.69784 2.6 -1.77 -2.71 USD
USD/CAD 1.23617 1.23636 1.9 -2.4 -2.45 CAD
USD/CHF 0.91904 0.91927 2.3 -1.96 -2.64 CHF
USD/CNH 6.44580 6.44760 18.0 -4.43 -3.03 CNH
USD/CZK 20.7260 20.8426 1,166.0 -2.81 -3.69 CZK
USD/DKK 6.24310 6.24529 21.9 -2.84 -5.29 DKK
USD/HKD 7.76414 7.76442 2.8 -4.36 -6.16 HKD
USD/HUF 297.144 299.102 19,580.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 110.159 110.173 1.4 -2.07 -2.64 JPY
USD/MXN 20.4120 20.4184 63.3 -167.05 0.49 MXN
USD/NOK 8.61957 8.62994 103.7 -4.19 -5.04 NOK
USD/PLN 3.71468 3.73471 200.3 -5.79 -1.99 PLN
USD/RUB 72.2638 72.3012 374.0 -335 14.67 RUB
USD/SEK 8.58770 8.59620 85.0 1.1 -8.46 SEK
USD/SGD 1.34186 1.34218 3.2 -3.22 -2.62 SGD
USD/TRY 8.69680 8.70192 51.2 -63.6 1.9 TRY
USD/ZAR 14.1075 14.1142 66.6 -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)