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 0.97919 0.98002 8.3 0.1 -2.81 CAD
AUD/CHF 0.68376 0.68485 10.9 0.23 -2.8 CHF
AUD/JPY 79.6260 79.6540 2.8 0.12 -2.75 JPY
AUD/NZD 1.08045 1.08092 4.7 -2.66 -2.02 NZD
AUD/USD 0.76792 0.76815 2.3 -2.05 -2.45 USD
CAD/CHF 0.69817 0.69885 6.8 -1.98 -2.52 CHF
CAD/JPY 81.2820 81.3130 3.1 0.02 -2.45 JPY
CHF/JPY 116.361 116.396 3.5 -2.54 -2.23 JPY
EUR/AUD 1.57207 1.57246 3.9 -3.57 0.55 AUD
EUR/CAD 1.53976 1.54080 10.4 -2.84 -2.13 CAD
EUR/CHF 1.07565 1.07616 5.1 -2.22 -2.48 CHF
EUR/CZK 26.1125 26.2205 1,080.0 -3.42 -3.22 CZK
EUR/DKK 7.43771 7.44040 26.9 -5.17 -3.57 DKK
EUR/GBP 0.88895 0.88932 3.7 -2.54 -2.09 GBP
EUR/HKD 9.36007 9.36739 73.2 -7.13 -4.17 HKD
EUR/HUF 359.200 360.550 13,500.0 -4.36 -2.53 HUF
EUR/JPY 125.205 125.238 3.3 -2.45 -2.38 JPY
EUR/MXN 23.7447 23.7916 469.0 -217.45 3.9 MXN
EUR/NOK 10.3758 10.3992 234.0 -7.26 -2.75 NOK
EUR/NZD 1.69873 1.69966 9.3 -3.85 0.69 NZD
EUR/PLN 4.52670 4.55000 233.0 -6.08 0.37 PLN
EUR/RUB 88.7994 89.0226 2,232.0 -370.25 61.78 RUB
EUR/SEK 10.1268 10.1649 381.0 -3.56 -6.49 SEK
EUR/SGD 1.60602 1.60795 19.3 -3.84 -2.34 SGD
EUR/TRY 9.01844 9.06626 478.2 -85.04 4.02 TRY
EUR/USD 1.20748 1.20766 1.8 -2.66 -2.03 SUD
EUR/ZAR 18.2941 18.4057 1,115.8 -54.12 23.69 ZAR
GBP/AUD 1.76790 1.76884 9.4 -3.3 0 AUD
GBP/CAD 1.73167 1.73305 13.8 -2.6 -2.65 CAD
GBP/CHF 1.20916 1.21107 19.1 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.11204 8.11736 53.2 -3.93 -6.6 DKK
GBP/HKD 10.0663 10.0691 28.3 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 140.815 140.848 3.3 -2.22 -2.84 JPY
GBP/MXN 26.7071 26.7599 527.5 -230.4 -2.06 MXN
GBP/NOK 11.6692 11.6968 275.8 -5.93 -6.36 NOK
GBP/NZD 1.91051 1.91150 9.9 -3.78 0.3 NZD
GBP/PLN 5.08946 5.11970 302.4 -5.77 -3.03 PLN
GBP/SEK 11.3893 11.4336 443.5 0.39 -10.83 SEK
GBP/SGD 1.80632 1.80840 20.8 -3.77 -2.87 SGD
GBP/TRY 10.1425 10.1973 548.3 -96.08 4.11 TRY
GBP/USD 1.35801 1.35830 2.9 -2.57 -2.32 USD
GBP/ZAR 20.5500 20.6465 965.7 -51.35 23.12 ZAR
NOK/SEK 0.97300 0.97950 65.0 -1.96 -2.75 SEK
NZD/CAD 0.90570 0.90727 15.7 -1.75 -2.87 CAD
NZD/CHF 0.63267 0.63373 10.6 -1.58 -2.91 CHF
NZD/JPY 73.6760 73.7180 4.2 -1.67 -2.87 JPY
NZD/SGD 0.94512 0.94637 12.5 -2.37 -3.01 SGD
NZD/USD 0.71051 0.71090 3.9 -1.77 -2.71 USD
USD/CAD 1.27538 1.27566 2.8 -2.4 -2.45 CAD
USD/CHF 0.89085 0.89116 3.1 -1.96 -2.64 CHF
USD/CNH 6.49450 6.49820 37.0 -4.43 -3.03 CNH
USD/CZK 21.1888 21.3029 1,141.0 -2.81 -3.69 CZK
USD/DKK 6.15737 6.16392 65.5 -2.84 -5.29 DKK
USD/HKD 7.75221 7.75436 21.5 -4.36 -6.16 HKD
USD/HUF 295.267 296.664 13,970.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 103.685 103.704 1.9 -2.07 -2.64 JPY
USD/MXN 19.6745 19.6930 185.0 -167.05 0.49 MXN
USD/NOK 8.58390 8.61967 357.7 -4.19 -5.04 NOK
USD/PLN 3.74734 3.76789 205.5 -5.79 -1.99 PLN
USD/RUB 74.1848 74.2412 564.0 -335 14.67 RUB
USD/SEK 8.37650 8.41057 340.7 1.1 -8.46 SEK
USD/SGD 1.33029 1.33125 9.6 -3.22 -2.62 SGD
USD/TRY 7.46429 7.50549 412.0 -63.6 1.9 TRY
USD/ZAR 15.1490 15.2407 917.8 -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)