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 0.92393 0.92448 5.5 0.1 -2.81 CAD
AUD/CHF 0.64651 0.64675 2.4 0.23 -2.8 CHF
AUD/JPY 72.4130 72.4380 2.5 0.12 -2.75 JPY
AUD/NZD 1.07871 1.07899 2.8 -2.66 -2.02 NZD
AUD/USD 0.67327 0.67346 1.9 -2.05 -2.45 USD
CAD/CHF 0.69950 0.69983 3.3 -1.98 -2.52 CHF
CAD/JPY 78.3490 78.3860 3.7 0.02 -2.45 JPY
CHF/JPY 111.988 112.030 4.2 -2.54 -2.23 JPY
EUR/AUD 1.65390 1.65421 3.1 -3.57 0.55 AUD
EUR/CAD 1.52845 1.52891 4.6 -2.84 -2.13 CAD
EUR/CHF 1.06950 1.06967 1.7 -2.22 -2.48 CHF
EUR/CZK 26.7672 26.9225 1,553.0 -3.42 -3.22 CZK
EUR/DKK 7.45235 7.45523 28.8 -5.17 -3.57 DKK
EUR/GBP 0.89903 0.89940 3.7 -2.54 -2.09 GBP
EUR/HKD 8.63297 8.63549 25.2 -7.13 -4.17 HKD
EUR/HUF 346.167 348.514 23,470.0 -4.36 -2.53 HUF
EUR/JPY 119.782 119.805 2.3 -2.45 -2.38 JPY
EUR/MXN 24.5218 24.5460 242.0 -217.45 3.9 MXN
EUR/NOK 10.7725 10.7781 56.0 -7.26 -2.75 NOK
EUR/NZD 1.78447 1.78484 3.7 -3.85 0.69 NZD
EUR/PLN 4.43110 4.43886 77.6 -6.08 0.37 PLN
EUR/RUB 78.0336 78.2187 1,851.0 -370.25 61.78 RUB
EUR/SEK 10.4490 10.4550 60.0 -3.56 -6.49 SEK
EUR/SGD 1.56629 1.56684 5.5 -3.84 -2.34 SGD
EUR/TRY 7.57290 7.59909 261.9 -85.04 4.02 TRY
EUR/USD 1.11370 1.11386 1.6 -2.66 -2.03 SUD
EUR/ZAR 19.3932 19.4484 552.0 -54.12 23.69 ZAR
GBP/AUD 1.83931 1.83960 2.9 -3.3 0 AUD
GBP/CAD 1.69946 1.70039 9.3 -2.6 -2.65 CAD
GBP/CHF 1.18912 1.18972 6.0 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.25894 8.26412 51.8 -3.93 -6.6 DKK
GBP/HKD 9.56900 9.57217 31.7 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 133.210 133.237 2.7 -2.22 -2.84 JPY
GBP/MXN 27.2698 27.2970 271.9 -230.4 -2.06 MXN
GBP/NOK 11.9800 11.9862 62.6 -5.93 -6.36 NOK
GBP/NZD 1.98439 1.98498 5.9 -3.78 0.3 NZD
GBP/PLN 4.92985 4.95514 252.9 -5.77 -3.03 PLN
GBP/SEK 11.6197 11.6268 71.0 0.39 -10.83 SEK
GBP/SGD 1.74191 1.74240 4.9 -3.77 -2.87 SGD
GBP/TRY 8.42129 8.45131 300.2 -96.08 4.11 TRY
GBP/USD 1.23854 1.23871 1.7 -2.57 -2.32 USD
GBP/ZAR 21.5640 21.6312 672.1 -51.35 23.12 ZAR
NOK/SEK 0.96050 0.97600 155.0 -1.96 -2.75 SEK
NZD/CAD 0.85612 0.85697 8.5 -1.75 -2.87 CAD
NZD/CHF 0.59917 0.59945 2.8 -1.58 -2.91 CHF
NZD/JPY 67.1120 67.1390 2.7 -1.67 -2.87 JPY
NZD/SGD 0.87758 0.87803 4.5 -2.37 -3.01 SGD
NZD/USD 0.62396 0.62423 2.7 -1.77 -2.71 USD
USD/CAD 1.37241 1.37262 2.1 -2.4 -2.45 CAD
USD/CHF 0.96022 0.96038 1.6 -1.96 -2.64 CHF
USD/CNH 7.12880 7.13080 20.0 -4.43 -3.03 CNH
USD/CZK 24.1124 24.2389 1,265.0 -2.81 -3.69 CZK
USD/DKK 6.68960 6.70384 142.4 -2.84 -5.29 DKK
USD/HKD 7.75177 7.75274 9.7 -4.36 -6.16 HKD
USD/HUF 315.398 315.485 870.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 107.549 107.566 1.7 -2.07 -2.64 JPY
USD/MXN 22.0181 22.0370 188.5 -167.05 0.49 MXN
USD/NOK 9.66098 9.68697 259.9 -4.19 -5.04 NOK
USD/PLN 4.00424 4.02185 176.1 -5.79 -1.99 PLN
USD/RUB 70.3133 70.4557 1,424.0 -335 14.67 RUB
USD/SEK 9.37380 9.39960 258.0 1.1 -8.46 SEK
USD/SGD 1.40635 1.40670 3.5 -3.22 -2.62 SGD
USD/TRY 6.80499 6.81743 124.4 -63.6 1.9 TRY
USD/ZAR 17.4233 17.4525 291.2 -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)