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 0.95895 0.95941 4.6 0.1 -2.81 CAD
AUD/CHF 0.67138 0.67162 2.4 0.23 -2.8 CHF
AUD/JPY 76.7040 76.7260 2.2 0.12 -2.75 JPY
AUD/NZD 1.05224 1.05251 2.7 -2.66 -2.02 NZD
AUD/USD 0.73598 0.73617 1.9 -2.05 -2.45 USD
CAD/CHF 0.69989 0.70027 3.8 -1.98 -2.52 CHF
CAD/JPY 79.9650 79.9920 2.7 0.02 -2.45 JPY
CHF/JPY 114.231 114.258 2.7 -2.54 -2.23 JPY
EUR/AUD 1.61446 1.61473 2.7 -3.57 0.55 AUD
EUR/CAD 1.54843 1.54891 4.8 -2.84 -2.13 CAD
EUR/CHF 1.08412 1.08426 1.4 -2.22 -2.48 CHF
EUR/CZK 26.1792 26.3239 1,447.0 -3.42 -3.22 CZK
EUR/DKK 7.44332 7.44506 17.4 -5.17 -3.57 DKK
EUR/GBP 0.88928 0.88953 2.5 -2.54 -2.09 GBP
EUR/HKD 9.21131 9.21289 15.8 -7.13 -4.17 HKD
EUR/HUF 360.186 361.883 16,970.0 -4.36 -2.53 HUF
EUR/JPY 123.855 123.874 1.9 -2.45 -2.38 JPY
EUR/MXN 23.8137 23.8200 63.0 -217.45 3.9 MXN
EUR/NOK 10.6791 10.6844 53.8 -7.26 -2.75 NOK
EUR/NZD 1.69900 1.69931 3.1 -3.85 0.69 NZD
EUR/PLN 4.46836 4.47117 28.1 -6.08 0.37 PLN
EUR/RUB 90.1614 90.3078 1,464.0 -370.25 61.78 RUB
EUR/SEK 10.1972 10.2003 31.0 -3.56 -6.49 SEK
EUR/SGD 1.59478 1.59523 4.5 -3.84 -2.34 SGD
EUR/TRY 9.40792 9.46662 587.0 -85.04 4.02 TRY
EUR/USD 1.18840 1.18854 1.4 -2.66 -2.03 SUD
EUR/ZAR 18.2145 18.2394 248.5 -54.12 23.69 ZAR
GBP/AUD 1.81521 1.81552 3.1 -3.3 0 AUD
GBP/CAD 1.74101 1.74160 5.9 -2.6 -2.65 CAD
GBP/CHF 1.21886 1.21917 3.1 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 139.253 139.278 2.5 -2.22 -2.84 JPY
GBP/MXN 26.7749 26.7820 71.1 -230.4 -2.06 MXN
GBP/NOK 12.0072 12.0134 62.6 -5.93 -6.36 NOK
GBP/NZD 1.91022 1.91068 4.6 -3.78 0.3 NZD
GBP/PLN 5.01587 5.03992 240.5 -5.77 -3.03 PLN
GBP/SEK 11.4654 11.4687 33.3 0.39 -10.83 SEK
GBP/SGD 1.79312 1.79358 4.6 -3.77 -2.87 SGD
GBP/TRY 10.5759 10.6421 661.9 -96.08 4.11 TRY
GBP/USD 1.33615 1.33633 1.8 -2.57 -2.32 USD
GBP/ZAR 20.4777 20.5091 313.8 -51.35 23.12 ZAR
NOK/SEK 0.94800 0.95950 115.0 -1.96 -2.75 SEK
NZD/CAD 0.91114 0.91180 6.6 -1.75 -2.87 CAD
NZD/CHF 0.63796 0.63821 2.5 -1.58 -2.91 CHF
NZD/JPY 72.8830 72.9110 2.8 -1.67 -2.87 JPY
NZD/SGD 0.93850 0.93890 4.0 -2.37 -3.01 SGD
NZD/USD 0.69933 0.69956 2.3 -1.77 -2.71 USD
USD/CAD 1.30303 1.30321 1.8 -2.4 -2.45 CAD
USD/CHF 0.91219 0.91236 1.7 -1.96 -2.64 CHF
USD/CNH 6.57140 6.57320 18.0 -4.43 -3.03 CNH
USD/CZK 22.1614 22.2401 787.0 -2.81 -3.69 CZK
USD/DKK 6.26222 6.26461 23.9 -2.84 -5.29 DKK
USD/HKD 7.75107 7.75157 5.0 -4.36 -6.16 HKD
USD/HUF 303.101 304.502 14,010.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 104.215 104.229 1.4 -2.07 -2.64 JPY
USD/MXN 20.0377 20.0423 46.0 -167.05 0.49 MXN
USD/NOK 8.98300 8.99287 98.7 -4.19 -5.04 NOK
USD/PLN 3.75379 3.76768 138.9 -5.79 -1.99 PLN
USD/RUB 75.8703 75.9957 1,254.0 -335 14.67 RUB
USD/SEK 8.57730 8.58510 78.0 1.1 -8.46 SEK
USD/SGD 1.34190 1.34223 3.3 -3.22 -2.62 SGD
USD/TRY 7.92751 7.94664 191.3 -63.6 1.9 TRY
USD/ZAR 15.3348 15.3429 81.2 -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)