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 0.95245 0.95297 5.2 0.1 -2.81 CAD
AUD/CHF 0.66048 0.66076 2.8 0.23 -2.8 CHF
AUD/JPY 77.1310 77.1580 2.7 0.12 -2.75 JPY
AUD/NZD 1.05269 1.05294 2.5 -2.66 -2.02 NZD
AUD/USD 0.74201 0.74220 1.9 -2.05 -2.45 USD
CAD/CHF 0.69320 0.69361 4.1 -1.98 -2.52 CHF
CAD/JPY 80.9610 80.9900 2.9 0.02 -2.45 JPY
CHF/JPY 116.757 116.801 4.4 -2.54 -2.23 JPY
EUR/AUD 1.63804 1.63830 2.6 -3.57 0.55 AUD
EUR/CAD 1.56042 1.56098 5.6 -2.84 -2.13 CAD
EUR/CHF 1.08212 1.08229 1.7 -2.22 -2.48 CHF
EUR/CZK 26.4451 26.5898 1,447.0 -3.42 -3.22 CZK
EUR/DKK 7.44249 7.44423 17.4 -5.17 -3.57 DKK
EUR/GBP 0.90257 0.90285 2.8 -2.54 -2.09 GBP
EUR/HKD 9.42126 9.42354 22.8 -7.13 -4.17 HKD
EUR/HUF 357.457 359.154 16,970.0 -4.36 -2.53 HUF
EUR/JPY 126.366 126.393 2.7 -2.45 -2.38 JPY
EUR/MXN 24.0719 24.0781 62.0 -217.45 3.9 MXN
EUR/NOK 10.6557 10.6601 44.0 -7.26 -2.75 NOK
EUR/NZD 1.72456 1.72489 3.3 -3.85 0.69 NZD
EUR/PLN 4.47210 4.47510 30.0 -6.08 0.37 PLN
EUR/RUB 90.0172 90.1046 874.0 -370.25 61.78 RUB
EUR/SEK 10.2548 10.2583 35.0 -3.56 -6.49 SEK
EUR/SGD 1.61976 1.62047 7.1 -3.84 -2.34 SGD
EUR/TRY 9.44322 9.46998 267.6 -85.04 4.02 TRY
EUR/USD 1.21562 1.21577 1.5 -2.66 -2.03 SUD
EUR/ZAR 18.4312 18.4675 363.3 -54.12 23.69 ZAR
GBP/AUD 1.81460 1.81490 3.0 -3.3 0 AUD
GBP/CAD 1.72853 1.72934 8.1 -2.6 -2.65 CAD
GBP/CHF 1.19868 1.19905 3.7 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 139.984 140.016 3.2 -2.22 -2.84 JPY
GBP/MXN 26.6663 26.6738 75.4 -230.4 -2.06 MXN
GBP/NOK 11.8043 11.8086 43.8 -5.93 -6.36 NOK
GBP/NZD 1.91040 1.91087 4.7 -3.78 0.3 NZD
GBP/PLN 4.94329 4.96794 246.5 -5.77 -3.03 PLN
GBP/SEK 11.3601 11.3635 34.4 0.39 -10.83 SEK
GBP/SGD 1.79443 1.79505 6.2 -3.77 -2.87 SGD
GBP/TRY 10.4603 10.4903 300.0 -96.08 4.11 TRY
GBP/USD 1.34663 1.34682 1.9 -2.57 -2.32 USD
GBP/ZAR 20.4153 20.4604 450.6 -51.35 23.12 ZAR
NOK/SEK 0.95700 0.96700 100.0 -1.96 -2.75 SEK
NZD/CAD 0.90450 0.90532 8.2 -1.75 -2.87 CAD
NZD/CHF 0.62732 0.62762 3.0 -1.58 -2.91 CHF
NZD/JPY 73.2550 73.2910 3.6 -1.67 -2.87 JPY
NZD/SGD 0.93910 0.93958 4.8 -2.37 -3.01 SGD
NZD/USD 0.70474 0.70499 2.5 -1.77 -2.71 USD
USD/CAD 1.28371 1.28389 1.8 -2.4 -2.45 CAD
USD/CHF 0.89011 0.89030 1.9 -1.96 -2.64 CHF
USD/CNH 6.51830 6.52020 19.0 -4.43 -3.03 CNH
USD/CZK 21.9713 22.0801 1,088.0 -2.81 -3.69 CZK
USD/DKK 6.12154 6.12495 34.1 -2.84 -5.29 DKK
USD/HKD 7.75043 7.75094 5.1 -4.36 -6.16 HKD
USD/HUF 294.059 295.425 13,660.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 103.949 103.963 1.4 -2.07 -2.64 JPY
USD/MXN 19.8021 19.8067 45.9 -167.05 0.49 MXN
USD/NOK 8.76159 8.77228 106.9 -4.19 -5.04 NOK
USD/PLN 3.66981 3.68977 199.6 -5.79 -1.99 PLN
USD/RUB 74.0608 74.1212 604.0 -335 14.67 RUB
USD/SEK 8.43280 8.44050 77.0 1.1 -8.46 SEK
USD/SGD 1.33246 1.33289 4.3 -3.22 -2.62 SGD
USD/TRY 7.77250 7.77878 62.8 -63.6 1.9 TRY
USD/ZAR 15.1700 15.1839 139.0 -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)