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 0.87319 0.87366 4.7 0.1 -2.81 CAD
AUD/CHF 0.63994 0.64017 2.3 0.23 -2.8 CHF
AUD/JPY 72.3350 72.3580 2.3 0.12 -2.75 JPY
AUD/NZD 1.04048 1.04075 2.7 -2.66 -2.02 NZD
AUD/USD 0.65571 0.65589 1.8 -2.05 -2.45 USD
CAD/CHF 0.73261 0.73299 3.8 -1.98 -2.52 CHF
CAD/JPY 82.8120 82.8460 3.4 0.02 -2.45 JPY
CHF/JPY 113.019 113.044 2.5 -2.54 -2.23 JPY
EUR/AUD 1.66101 1.66125 2.4 -3.57 0.55 AUD
EUR/CAD 1.45065 1.45112 4.7 -2.84 -2.13 CAD
EUR/CHF 1.06314 1.06330 1.6 -2.22 -2.48 CHF
EUR/CZK 25.2644 25.4166 1,522.0 -3.42 -3.22 CZK
EUR/DKK 7.46962 7.47241 27.9 -5.17 -3.57 DKK
EUR/GBP 0.84356 0.84380 2.4 -2.54 -2.09 GBP
EUR/HKD 8.48897 8.49111 21.4 -7.13 -4.17 HKD
EUR/HUF 338.627 340.384 17,570.0 -4.36 -2.53 HUF
EUR/JPY 120.168 120.186 1.8 -2.45 -2.38 JPY
EUR/MXN 20.8991 20.9042 51.0 -217.45 3.9 MXN
EUR/NOK 10.2251 10.2280 29.0 -7.26 -2.75 NOK
EUR/NZD 1.72832 1.72927 9.5 -3.85 0.69 NZD
EUR/PLN 4.31340 4.31580 24.0 -6.08 0.37 PLN
EUR/RUB 70.9806 71.1609 1,803.0 -370.25 61.78 RUB
EUR/SEK 10.5919 10.5946 27.0 -3.56 -6.49 SEK
EUR/SGD 1.52192 1.52246 5.4 -3.84 -2.34 SGD
EUR/TRY 6.69371 6.70472 110.1 -85.04 4.02 TRY
EUR/USD 1.08930 1.08944 1.4 -2.66 -2.03 SUD
EUR/ZAR 16.6354 16.6442 88.0 -54.12 23.69 ZAR
GBP/AUD 1.96874 1.96902 2.8 -3.3 0 AUD
GBP/CAD 1.71936 1.72001 6.5 -2.6 -2.65 CAD
GBP/CHF 1.26005 1.26033 2.8 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.85371 8.85799 42.8 -3.93 -6.6 DKK
GBP/HKD 10.0624 10.0657 32.8 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 142.431 142.452 2.1 -2.22 -2.84 JPY
GBP/MXN 24.7708 24.7776 68.4 -230.4 -2.06 MXN
GBP/NOK 12.1199 12.1228 29.1 -5.93 -6.36 NOK
GBP/NZD 2.04816 2.04955 13.9 -3.78 0.3 NZD
GBP/PLN 5.10038 5.12735 269.7 -5.77 -3.03 PLN
GBP/SEK 12.5544 12.5575 30.3 0.39 -10.83 SEK
GBP/SGD 1.80391 1.80448 5.7 -3.77 -2.87 SGD
GBP/TRY 7.93276 7.94809 153.3 -96.08 4.11 TRY
GBP/USD 1.29112 1.29127 1.5 -2.57 -2.32 USD
GBP/ZAR 19.7172 19.7271 98.2 -51.35 23.12 ZAR
NOK/SEK 1.03400 1.03700 30.0 -1.96 -2.75 SEK
NZD/CAD 0.83901 0.83974 7.3 -1.75 -2.87 CAD
NZD/CHF 0.61467 0.61531 6.4 -1.58 -2.91 CHF
NZD/JPY 69.4960 69.5350 3.9 -1.67 -2.87 JPY
NZD/SGD 0.88011 0.88118 10.7 -2.37 -3.01 SGD
NZD/USD 0.63013 0.63037 2.4 -1.77 -2.71 USD
USD/CAD 1.33175 1.33191 1.6 -2.4 -2.45 CAD
USD/CHF 0.97591 0.97606 1.5 -1.96 -2.64 CHF
USD/CNH 7.02510 7.02730 22.0 -4.43 -3.03 CNH
USD/CZK 23.2384 23.3483 1,099.0 -2.81 -3.69 CZK
USD/DKK 6.85630 6.85934 30.4 -2.84 -5.29 DKK
USD/HKD 7.79285 7.79442 15.7 -4.36 -6.16 HKD
USD/HUF 311.416 312.719 13,030.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 110.311 110.325 1.4 -2.07 -2.64 JPY
USD/MXN 19.1846 19.1888 41.7 -167.05 0.49 MXN
USD/NOK 9.38480 9.39150 67.0 -4.19 -5.04 NOK
USD/PLN 3.95103 3.96947 184.4 -5.79 -1.99 PLN
USD/RUB 65.0893 65.0893 0.0 -335 14.67 RUB
USD/SEK 9.72010 9.72860 85.0 1.1 -8.46 SEK
USD/SGD 1.39712 1.39749 3.7 -3.22 -2.62 SGD
USD/TRY 6.14656 6.15134 47.8 -63.6 1.9 TRY
USD/ZAR 15.2636 15.2810 174.3 -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)