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 0.93585 0.93585 0.0 0.1 -2.81 CAD
AUD/CHF 0.64452 0.64452 0.0 0.23 -2.8 CHF
AUD/JPY 74.7110 74.7110 0.0 0.12 -2.75 JPY
AUD/NZD 1.06530 1.06530 0.0 -2.66 -2.02 NZD
AUD/USD 0.71352 0.71352 0.0 -2.05 -2.45 USD
CAD/CHF 0.68770 0.68770 0.0 -1.98 -2.52 CHF
CAD/JPY 79.6870 79.6870 0.0 0.02 -2.45 JPY
CHF/JPY 115.755 115.755 0.0 -2.54 -2.23 JPY
EUR/AUD 1.66025 1.66025 0.0 -3.57 0.55 AUD
EUR/CAD 1.55527 1.55527 0.0 -2.84 -2.13 CAD
EUR/CHF 1.07195 1.07195 0.0 -2.22 -2.48 CHF
EUR/CZK 27.2068 27.2068 0.0 -3.42 -3.22 CZK
EUR/DKK 7.44070 7.44070 0.0 -5.17 -3.57 DKK
EUR/GBP 0.90834 0.90834 0.0 -2.54 -2.09 GBP
EUR/HKD 9.18733 9.18733 0.0 -7.13 -4.17 HKD
EUR/HUF 364.007 364.007 0.0 -4.36 -2.53 HUF
EUR/JPY 124.146 124.146 0.0 -2.45 -2.38 JPY
EUR/MXN 24.7185 24.7185 0.0 -217.45 3.9 MXN
EUR/NOK 10.9316 10.9316 0.0 -7.26 -2.75 NOK
EUR/NZD 1.77280 1.77280 0.0 -3.85 0.69 NZD
EUR/PLN 4.55810 4.55810 0.0 -6.08 0.37 PLN
EUR/RUB 90.2678 90.2678 0.0 -370.25 61.78 RUB
EUR/SEK 10.3616 10.3616 0.0 -3.56 -6.49 SEK
EUR/SGD 1.60810 1.60810 0.0 -3.84 -2.34 SGD
EUR/TRY 9.40179 9.40179 0.0 -85.04 4.02 TRY
EUR/USD 1.18574 1.18574 0.0 -2.66 -2.03 SUD
EUR/ZAR 19.1674 19.1674 0.0 -54.12 23.69 ZAR
GBP/AUD 1.82680 1.82680 0.0 -3.3 0 AUD
GBP/CAD 1.71104 1.71104 0.0 -2.6 -2.65 CAD
GBP/CHF 1.17782 1.17782 0.0 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.11204 8.11204 0.0 -3.93 -6.6 DKK
GBP/HKD 10.0663 10.0663 0.0 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 136.494 136.494 0.0 -2.22 -2.84 JPY
GBP/MXN 27.1996 27.1996 0.0 -230.4 -2.06 MXN
GBP/NOK 12.0105 12.0105 0.0 -5.93 -6.36 NOK
GBP/NZD 1.94937 1.94937 0.0 -3.78 0.3 NZD
GBP/PLN 5.01891 5.01891 0.0 -5.77 -3.03 PLN
GBP/SEK 11.3906 11.3906 0.0 0.39 -10.83 SEK
GBP/SGD 1.76922 1.76922 0.0 -3.77 -2.87 SGD
GBP/TRY 10.3400 10.3400 0.0 -96.08 4.11 TRY
GBP/USD 1.30376 1.30376 0.0 -2.57 -2.32 USD
GBP/ZAR 21.0830 21.0830 0.0 -51.35 23.12 ZAR
NOK/SEK 0.94200 0.94200 0.0 -1.96 -2.75 SEK
NZD/CAD 0.87658 0.87658 0.0 -1.75 -2.87 CAD
NZD/CHF 0.60235 0.60235 0.0 -1.58 -2.91 CHF
NZD/JPY 7000000 7000000 0.0 -1.67 -2.87 JPY
NZD/SGD 0.90600 0.90600 0.0 -2.37 -3.01 SGD
NZD/USD 0.66835 0.66835 0.0 -1.77 -2.71 USD
USD/CAD 1.31216 1.31216 0.0 -2.4 -2.45 CAD
USD/CHF 0.90364 0.90364 0.0 -1.96 -2.64 CHF
USD/CNH 6.65960 6.65960 0.0 -4.43 -3.03 CNH
USD/CZK 22.9759 22.9759 0.0 -2.81 -3.69 CZK
USD/DKK 6.27274 6.27274 0.0 -2.84 -5.29 DKK
USD/HKD 7.74901 7.74901 0.0 -4.36 -6.16 HKD
USD/HUF 307.880 307.880 0.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 104.665 104.665 0.0 -2.07 -2.64 JPY
USD/MXN 20.8353 20.8353 0.0 -167.05 0.49 MXN
USD/NOK 9.18845 9.18845 0.0 -4.19 -5.04 NOK
USD/PLN 3.85284 3.85284 0.0 -5.79 -1.99 PLN
USD/RUB 76.1353 76.1353 0.0 -335 14.67 RUB
USD/SEK 8.72940 8.72940 0.0 1.1 -8.46 SEK
USD/SGD 1.35691 1.35691 0.0 -3.22 -2.62 SGD
USD/TRY 7.95789 7.95789 0.0 -63.6 1.9 TRY
USD/ZAR 16.1749 16.1749 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)