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 0.95386 0.95386 0.0 0.1 -2.81 CAD
AUD/CHF 0.70394 0.70394 0.0 0.23 -2.8 CHF
AUD/JPY 83.4990 83.4990 0.0 0.12 -2.75 JPY
AUD/NZD 1.08304 1.08304 0.0 -2.66 -2.02 NZD
AUD/USD 0.76159 0.76159 0.0 -2.05 -2.45 USD
CAD/CHF 0.73687 0.73687 0.0 -1.98 -2.52 CHF
CAD/JPY 87.4100 87.4100 0.0 0.02 -2.45 JPY
CHF/JPY 118.566 118.566 0.0 -2.54 -2.23 JPY
EUR/AUD 1.56110 1.56110 0.0 -3.57 0.55 AUD
EUR/CAD 1.49082 1.49082 0.0 -2.84 -2.13 CAD
EUR/CHF 1.09979 1.09979 0.0 -2.22 -2.48 CHF
EUR/CZK 25.7612 25.7612 0.0 -3.42 -3.22 CZK
EUR/DKK 7.43573 7.43573 0.0 -5.17 -3.57 DKK
EUR/GBP 0.86783 0.86783 0.0 -2.54 -2.09 GBP
EUR/HKD 9.25225 9.25225 0.0 -7.13 -4.17 HKD
EUR/HUF 356.246 356.246 0.0 -4.36 -2.53 HUF
EUR/JPY 130.472 130.472 0.0 -2.45 -2.38 JPY
EUR/MXN 23.9782 23.9782 0.0 -217.45 3.9 MXN
EUR/NOK 10.1006 10.1006 0.0 -7.26 -2.75 NOK
EUR/NZD 1.69040 1.69040 0.0 -3.85 0.69 NZD
EUR/PLN 4.52160 4.52160 0.0 -6.08 0.37 PLN
EUR/RUB 91.9677 91.9677 0.0 -370.25 61.78 RUB
EUR/SEK 10.1538 10.1538 0.0 -3.56 -6.49 SEK
EUR/SGD 1.59541 1.59541 0.0 -3.84 -2.34 SGD
EUR/TRY 9.67247 9.67247 0.0 -85.04 4.02 TRY
EUR/USD 1.18972 1.18972 0.0 -2.66 -2.03 SUD
EUR/ZAR 17.3661 17.3661 0.0 -54.12 23.69 ZAR
GBP/AUD 1.79745 1.79745 0.0 -3.3 0 AUD
GBP/CAD 1.71596 1.71596 0.0 -2.6 -2.65 CAD
GBP/CHF 1.26667 1.26667 0.0 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.73745 8.73745 0.0 -3.93 -6.6 DKK
GBP/HKD 10.7562 10.7562 0.0 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 150.216 150.216 0.0 -2.22 -2.84 JPY
GBP/MXN 27.6082 27.6082 0.0 -230.4 -2.06 MXN
GBP/NOK 11.6097 11.6097 0.0 -5.93 -6.36 NOK
GBP/NZD 1.94731 1.94731 0.0 -3.78 0.3 NZD
GBP/PLN 5.22348 5.22348 0.0 -5.77 -3.03 PLN
GBP/SEK 11.6844 11.6844 0.0 0.39 -10.83 SEK
GBP/SGD 1.83643 1.83643 0.0 -3.77 -2.87 SGD
GBP/TRY 11.1753 11.1753 0.0 -96.08 4.11 TRY
GBP/USD 1.36997 1.36997 0.0 -2.57 -2.32 USD
GBP/ZAR 19.9980 19.9980 0.0 -51.35 23.12 ZAR
NOK/SEK 0.99900 0.99900 0.0 -1.96 -2.75 SEK
NZD/CAD 0.88111 0.88111 0.0 -1.75 -2.87 CAD
NZD/CHF 0.64970 0.64970 0.0 -1.58 -2.91 CHF
NZD/JPY 76.9860 76.9860 0.0 -1.67 -2.87 JPY
NZD/SGD 0.94227 0.94227 0.0 -2.37 -3.01 SGD
NZD/USD 0.70246 0.70246 0.0 -1.77 -2.71 USD
USD/CAD 1.25255 1.25255 0.0 -2.4 -2.45 CAD
USD/CHF 0.92380 0.92380 0.0 -1.96 -2.64 CHF
USD/CNH 6.54980 6.54980 0.0 -4.43 -3.03 CNH
USD/CZK 21.8176 21.8176 0.0 -2.81 -3.69 CZK
USD/DKK 6.24492 6.24492 0.0 -2.84 -5.29 DKK
USD/HKD 7.77621 7.77621 0.0 -4.36 -6.16 HKD
USD/HUF 299.888 299.888 0.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 109.636 109.636 0.0 -2.07 -2.64 JPY
USD/MXN 20.1425 20.1425 0.0 -167.05 0.49 MXN
USD/NOK 8.42732 8.42732 0.0 -4.19 -5.04 NOK
USD/PLN 3.80677 3.80677 0.0 -5.79 -1.99 PLN
USD/RUB 77.3848 77.3848 0.0 -335 14.67 RUB
USD/SEK 8.52610 8.52610 0.0 1.1 -8.46 SEK
USD/SGD 1.34093 1.34093 0.0 -3.22 -2.62 SGD
USD/TRY 8.13216 8.13216 0.0 -63.6 1.9 TRY
USD/ZAR 14.5778 14.5778 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)