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 0.92447 0.92481 3.4 0.1 -2.81 CAD
AUD/CHF 0.67524 0.67557 3.3 0.23 -2.8 CHF
AUD/JPY 81.0850 81.1100 2.5 0.12 -2.75 JPY
AUD/NZD 1.05486 1.05517 3.1 -2.66 -2.02 NZD
AUD/USD 0.73515 0.73533 1.8 -2.05 -2.45 USD
CAD/CHF 0.73030 0.73060 3.0 -1.98 -2.52 CHF
CAD/JPY 87.6930 87.7210 2.8 0.02 -2.45 JPY
CHF/JPY 120.056 120.086 3.0 -2.54 -2.23 JPY
EUR/AUD 1.60214 1.60242 2.8 -3.57 0.55 AUD
EUR/CAD 1.48135 1.48173 3.8 -2.84 -2.13 CAD
EUR/CHF 1.08205 1.08232 2.7 -2.22 -2.48 CHF
EUR/CZK 25.5632 25.7198 1,566.0 -3.42 -3.22 CZK
EUR/DKK 7.43469 7.43792 32.3 -5.17 -3.57 DKK
EUR/GBP 0.85630 0.85657 2.7 -2.54 -2.09 GBP
EUR/HKD 9.15548 9.15930 38.2 -7.13 -4.17 HKD
EUR/HUF 359.042 361.538 24,960.0 -4.36 -2.53 HUF
EUR/JPY 129.928 129.950 2.2 -2.45 -2.38 JPY
EUR/MXN 23.6505 23.6613 108.0 -217.45 3.9 MXN
EUR/NOK 10.4530 10.4640 109.3 -7.26 -2.75 NOK
EUR/NZD 1.69027 1.69064 3.7 -3.85 0.69 NZD
EUR/PLN 4.57665 4.58278 61.3 -6.08 0.37 PLN
EUR/RUB 86.7109 86.9093 1,984.0 -370.25 61.78 RUB
EUR/SEK 10.2321 10.2406 85.0 -3.56 -6.49 SEK
EUR/SGD 1.60241 1.60300 5.9 -3.84 -2.34 SGD
EUR/TRY 10.0711 10.0949 238.5 -85.04 4.02 TRY
EUR/USD 1.17797 1.17812 1.5 -2.66 -2.03 SUD
EUR/ZAR 17.4864 17.5030 166.1 -54.12 23.69 ZAR
GBP/AUD 1.87060 1.87112 5.2 -3.3 0 AUD
GBP/CAD 1.72965 1.73018 5.3 -2.6 -2.65 CAD
GBP/CHF 1.26339 1.26385 4.6 0 -2.95 CHF
GBP/CZK 28.6171 28.6171 0.0 -3.01 -4.06 CZK
GBP/DKK 8.59496 8.60025 52.9 -3.93 -6.6 DKK
GBP/HKD 10.7970 10.7986 16.2 -5.77 -7.51 HKD
GBP/HUF 360.100 360.100 0.0 -3.99 -3.63 HUF
GBP/JPY 151.713 151.736 2.3 -2.22 -2.84 JPY
GBP/MXN 27.6161 27.6272 111.4 -230.4 -2.06 MXN
GBP/NOK 12.1985 12.2256 271.0 -5.93 -6.36 NOK
GBP/NZD 1.97340 1.97424 8.4 -3.78 0.3 NZD
GBP/PLN 5.33520 5.36149 262.9 -5.77 -3.03 PLN
GBP/SEK 11.9469 11.9574 104.7 0.39 -10.83 SEK
GBP/SGD 1.87105 1.87177 7.2 -3.77 -2.87 SGD
GBP/TRY 11.7594 11.7869 275.7 -96.08 4.11 TRY
GBP/USD 1.37548 1.37565 1.7 -2.57 -2.32 USD
GBP/ZAR 20.4176 20.4381 204.8 -51.35 23.12 ZAR
NOK/SEK 0.97350 0.98400 105.0 -1.96 -2.75 SEK
NZD/CAD 0.87618 0.87669 5.1 -1.75 -2.87 CAD
NZD/CHF 0.64004 0.64037 3.3 -1.58 -2.91 CHF
NZD/JPY 76.8540 76.8800 2.6 -1.67 -2.87 JPY
NZD/SGD 0.94784 0.94839 5.5 -2.37 -3.01 SGD
NZD/USD 0.69678 0.69701 2.3 -1.77 -2.71 USD
USD/CAD 1.25751 1.25772 2.1 -2.4 -2.45 CAD
USD/CHF 0.91852 0.91870 1.8 -1.96 -2.64 CHF
USD/CNH 6.48610 6.48800 19.0 -4.43 -3.03 CNH
USD/CZK 20.7260 20.8426 1,166.0 -2.81 -3.69 CZK
USD/DKK 6.30863 6.31546 68.3 -2.84 -5.29 DKK
USD/HKD 7.77219 7.77250 3.1 -4.36 -6.16 HKD
USD/HUF 304.271 306.091 18,200.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 110.292 110.308 1.6 -2.07 -2.64 JPY
USD/MXN 20.0766 20.0848 81.9 -167.05 0.49 MXN
USD/NOK 8.87349 8.88251 90.2 -4.19 -5.04 NOK
USD/PLN 3.87898 3.89529 163.1 -5.79 -1.99 PLN
USD/RUB 73.6613 73.8102 1,489.0 -335 14.67 RUB
USD/SEK 8.68478 8.69370 89.2 1.1 -8.46 SEK
USD/SGD 1.36033 1.36061 2.8 -3.22 -2.62 SGD
USD/TRY 8.54418 8.56512 209.4 -63.6 1.9 TRY
USD/ZAR 14.8434 14.8579 145.4 -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)