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 0.95843 0.95893 5.0 0.1 -2.81 CAD
AUD/CHF 0.66969 0.66996 2.7 0.23 -2.8 CHF
AUD/JPY 76.7080 76.7320 2.4 0.12 -2.75 JPY
AUD/NZD 1.05129 1.05157 2.8 -2.66 -2.02 NZD
AUD/USD 0.73582 0.73600 1.8 -2.05 -2.45 USD
CAD/CHF 0.69848 0.69889 4.1 -1.98 -2.52 CHF
CAD/JPY 80.0100 80.0380 2.8 0.02 -2.45 JPY
CHF/JPY 114.522 114.551 2.9 -2.54 -2.23 JPY
EUR/AUD 1.61375 1.61402 2.7 -3.57 0.55 AUD
EUR/CAD 1.54699 1.54747 4.8 -2.84 -2.13 CAD
EUR/CHF 1.08095 1.08111 1.6 -2.22 -2.48 CHF
EUR/CZK 26.2395 26.3495 1,100.0 -3.42 -3.22 CZK
EUR/DKK 7.44398 7.44531 13.3 -5.17 -3.57 DKK
EUR/GBP 0.88761 0.88787 2.6 -2.54 -2.09 GBP
EUR/HKD 9.20543 9.20701 15.8 -7.13 -4.17 HKD
EUR/HUF 359.547 362.044 24,970.0 -4.36 -2.53 HUF
EUR/JPY 123.808 123.826 1.8 -2.45 -2.38 JPY
EUR/MXN 23.7897 23.7971 74.0 -217.45 3.9 MXN
EUR/NOK 10.6814 10.6853 39.0 -7.26 -2.75 NOK
EUR/NZD 1.69667 1.69702 3.5 -3.85 0.69 NZD
EUR/PLN 4.47220 4.47520 30.0 -6.08 0.37 PLN
EUR/RUB 90.0888 90.2048 1,160.0 -370.25 61.78 RUB
EUR/SEK 10.1985 10.2023 38.0 -3.56 -6.49 SEK
EUR/SGD 1.59337 1.59389 5.2 -3.84 -2.34 SGD
EUR/TRY 9.37267 9.41937 467.0 -85.04 4.02 TRY
EUR/USD 1.18760 1.18776 1.6 -2.66 -2.03 SUD
EUR/ZAR 18.2059 18.2436 377.5 -54.12 23.69 ZAR
GBP/AUD 1.81780 1.81806 2.6 -3.3 0 AUD
GBP/CAD 1.74256 1.74317 6.1 -2.6 -2.65 CAD
GBP/CHF 1.21755 1.21786 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 139.461 139.480 1.9 -2.22 -2.84 JPY
GBP/MXN 26.7976 26.8052 76.1 -230.4 -2.06 MXN
GBP/NOK 12.0321 12.0368 46.7 -5.93 -6.36 NOK
GBP/NZD 1.91116 1.91160 4.4 -3.78 0.3 NZD
GBP/PLN 5.01587 5.03992 240.5 -5.77 -3.03 PLN
GBP/SEK 11.4881 11.4926 45.3 0.39 -10.83 SEK
GBP/SGD 1.79481 1.79542 6.1 -3.77 -2.87 SGD
GBP/TRY 10.5565 10.6114 549.1 -96.08 4.11 TRY
GBP/USD 1.33776 1.33792 1.6 -2.57 -2.32 USD
GBP/ZAR 20.5050 20.5521 471.1 -51.35 23.12 ZAR
NOK/SEK 0.95150 0.96100 95.0 -1.96 -2.75 SEK
NZD/CAD 0.91151 0.91220 6.9 -1.75 -2.87 CAD
NZD/CHF 0.63694 0.63722 2.8 -1.58 -2.91 CHF
NZD/JPY 72.9540 72.9820 2.8 -1.67 -2.87 JPY
NZD/SGD 0.93893 0.93942 4.9 -2.37 -3.01 SGD
NZD/USD 0.69981 0.70006 2.5 -1.77 -2.71 USD
USD/CAD 1.30264 1.30282 1.8 -2.4 -2.45 CAD
USD/CHF 0.91011 0.91029 1.8 -1.96 -2.64 CHF
USD/CNH 6.57030 6.57230 20.0 -4.43 -3.03 CNH
USD/CZK 22.1614 22.2401 787.0 -2.81 -3.69 CZK
USD/DKK 6.26735 6.26914 17.9 -2.84 -5.29 DKK
USD/HKD 7.75126 7.75173 4.7 -4.36 -6.16 HKD
USD/HUF 303.886 305.800 19,140.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 104.244 104.258 1.4 -2.07 -2.64 JPY
USD/MXN 20.0309 20.0361 52.4 -167.05 0.49 MXN
USD/NOK 8.98847 9.00220 137.3 -4.19 -5.04 NOK
USD/PLN 3.75738 3.77633 189.5 -5.79 -1.99 PLN
USD/RUB 75.8703 75.9522 819.0 -335 14.67 RUB
USD/SEK 8.58450 8.59260 81.0 1.1 -8.46 SEK
USD/SGD 1.34163 1.34202 3.9 -3.22 -2.62 SGD
USD/TRY 7.90358 7.91583 122.5 -63.6 1.9 TRY
USD/ZAR 15.3366 15.3522 156.5 -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)