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 0.95237 0.95287 5.0 0.1 -2.81 CAD
AUD/CHF 0.66118 0.66146 2.8 0.23 -2.8 CHF
AUD/JPY 77.3230 77.3480 2.5 0.12 -2.75 JPY
AUD/NZD 1.05368 1.05397 2.9 -2.66 -2.02 NZD
AUD/USD 0.74343 0.74362 1.9 -2.05 -2.45 USD
CAD/CHF 0.69406 0.69440 3.4 -1.98 -2.52 CHF
CAD/JPY 81.1660 81.1940 2.8 0.02 -2.45 JPY
CHF/JPY 116.922 116.954 3.2 -2.54 -2.23 JPY
EUR/AUD 1.63484 1.63514 3.0 -3.57 0.55 AUD
EUR/CAD 1.55728 1.55772 4.4 -2.84 -2.13 CAD
EUR/CHF 1.08118 1.08135 1.7 -2.22 -2.48 CHF
EUR/CZK 26.4412 26.5859 1,447.0 -3.42 -3.22 CZK
EUR/DKK 7.44228 7.44361 13.3 -5.17 -3.57 DKK
EUR/GBP 0.89920 0.89949 2.9 -2.54 -2.09 GBP
EUR/HKD 9.42123 9.42282 15.9 -7.13 -4.17 HKD
EUR/HUF 357.546 359.243 16,970.0 -4.36 -2.53 HUF
EUR/JPY 126.427 126.451 2.4 -2.45 -2.38 JPY
EUR/MXN 24.0440 24.0490 50.0 -217.45 3.9 MXN
EUR/NOK 10.6533 10.6574 41.0 -7.26 -2.75 NOK
EUR/NZD 1.72264 1.72339 7.5 -3.85 0.69 NZD
EUR/PLN 4.47000 4.47320 32.0 -6.08 0.37 PLN
EUR/RUB 89.6894 89.8096 1,202.0 -370.25 61.78 RUB
EUR/SEK 10.2535 10.2573 38.0 -3.56 -6.49 SEK
EUR/SGD 1.61834 1.61881 4.7 -3.84 -2.34 SGD
EUR/TRY 9.45543 9.48254 271.1 -85.04 4.02 TRY
EUR/USD 1.21557 1.21572 1.5 -2.66 -2.03 SUD
EUR/ZAR 18.4203 18.4458 254.9 -54.12 23.69 ZAR
GBP/AUD 1.81776 1.81813 3.7 -3.3 0 AUD
GBP/CAD 1.73144 1.73216 7.2 -2.6 -2.65 CAD
GBP/CHF 1.20211 1.20239 2.8 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 140.577 140.602 2.5 -2.22 -2.84 JPY
GBP/MXN 26.7342 26.7402 59.4 -230.4 -2.06 MXN
GBP/NOK 11.8459 11.8506 46.9 -5.93 -6.36 NOK
GBP/NZD 1.91557 1.91599 4.2 -3.78 0.3 NZD
GBP/PLN 4.95773 4.98547 277.4 -5.77 -3.03 PLN
GBP/SEK 11.3997 11.4041 44.3 0.39 -10.83 SEK
GBP/SGD 1.79942 1.79994 5.2 -3.77 -2.87 SGD
GBP/TRY 10.5121 10.5436 314.9 -96.08 4.11 TRY
GBP/USD 1.35158 1.35175 1.7 -2.57 -2.32 USD
GBP/ZAR 20.4796 20.5115 319.2 -51.35 23.12 ZAR
NOK/SEK 0.95700 0.96700 100.0 -1.96 -2.75 SEK
NZD/CAD 0.90361 0.90428 6.7 -1.75 -2.87 CAD
NZD/CHF 0.62743 0.62768 2.5 -1.58 -2.91 CHF
NZD/JPY 73.3700 73.3990 2.9 -1.67 -2.87 JPY
NZD/SGD 0.93920 0.93960 4.0 -2.37 -3.01 SGD
NZD/USD 0.70543 0.70567 2.4 -1.77 -2.71 USD
USD/CAD 1.28112 1.28131 1.9 -2.4 -2.45 CAD
USD/CHF 0.88937 0.88954 1.7 -1.96 -2.64 CHF
USD/CNH 6.51280 6.51470 19.0 -4.43 -3.03 CNH
USD/CZK 21.9713 22.0801 1,088.0 -2.81 -3.69 CZK
USD/DKK 6.12167 6.12346 17.9 -2.84 -5.29 DKK
USD/HKD 7.75034 7.75076 4.2 -4.36 -6.16 HKD
USD/HUF 294.130 295.501 13,710.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 104.003 104.019 1.6 -2.07 -2.64 JPY
USD/MXN 19.7793 19.7825 31.8 -167.05 0.49 MXN
USD/NOK 8.75988 8.76953 96.5 -4.19 -5.04 NOK
USD/PLN 3.67116 3.68480 136.4 -5.79 -1.99 PLN
USD/RUB 73.7843 73.8717 874.0 -335 14.67 RUB
USD/SEK 8.43198 8.43995 79.7 1.1 -8.46 SEK
USD/SGD 1.33126 1.33160 3.4 -3.22 -2.62 SGD
USD/TRY 7.78454 7.78950 49.6 -63.6 1.9 TRY
USD/ZAR 15.1550 15.1695 144.5 -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)