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 0.92438 0.92477 3.9 0.1 -2.81 CAD
AUD/CHF 0.67509 0.67538 2.9 0.23 -2.8 CHF
AUD/JPY 81.0760 81.1010 2.5 0.12 -2.75 JPY
AUD/NZD 1.05520 1.05550 3.0 -2.66 -2.02 NZD
AUD/USD 0.73463 0.73483 2.0 -2.05 -2.45 USD
CAD/CHF 0.73016 0.73045 2.9 -1.98 -2.52 CHF
CAD/JPY 87.6890 87.7170 2.8 0.02 -2.45 JPY
CHF/JPY 120.077 120.105 2.8 -2.54 -2.23 JPY
EUR/AUD 1.60236 1.60266 3.0 -3.57 0.55 AUD
EUR/CAD 1.48146 1.48181 3.5 -2.84 -2.13 CAD
EUR/CHF 1.08197 1.08216 1.9 -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 0.85637 0.85663 2.6 -2.54 -2.09 GBP
EUR/HKD 9.14766 9.15135 36.9 -7.13 -4.17 HKD
EUR/HUF 359.042 361.538 24,960.0 -4.36 -2.53 HUF
EUR/JPY 129.935 129.956 2.1 -2.45 -2.38 JPY
EUR/MXN 23.6458 23.6560 102.0 -217.45 3.9 MXN
EUR/NOK 10.4517 10.4632 115.3 -7.26 -2.75 NOK
EUR/NZD 1.69103 1.69140 3.7 -3.85 0.69 NZD
EUR/PLN 4.57640 4.58253 61.3 -6.08 0.37 PLN
EUR/RUB 86.7109 86.9093 1,984.0 -370.25 61.78 RUB
EUR/SEK 10.2303 10.2406 103.8 -3.56 -6.49 SEK
EUR/SGD 1.60223 1.60280 5.7 -3.84 -2.34 SGD
EUR/TRY 10.0664 10.0901 237.4 -85.04 4.02 TRY
EUR/USD 1.17733 1.17749 1.6 -2.66 -2.03 SUD
EUR/ZAR 17.4873 17.5037 164.3 -54.12 23.69 ZAR
GBP/AUD 1.87082 1.87119 3.7 -3.3 0 AUD
GBP/CAD 1.72967 1.73010 4.3 -2.6 -2.65 CAD
GBP/CHF 1.26312 1.26362 5.0 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 151.706 151.730 2.4 -2.22 -2.84 JPY
GBP/MXN 27.6074 27.6201 127.1 -230.4 -2.06 MXN
GBP/NOK 12.1920 12.2276 356.3 -5.93 -6.36 NOK
GBP/NZD 1.97409 1.97502 9.3 -3.78 0.3 NZD
GBP/PLN 5.33520 5.36149 262.9 -5.77 -3.03 PLN
GBP/SEK 11.9434 11.9571 136.9 0.39 -10.83 SEK
GBP/SGD 1.87063 1.87141 7.8 -3.77 -2.87 SGD
GBP/TRY 11.7529 11.7808 279.4 -96.08 4.11 TRY
GBP/USD 1.37460 1.37477 1.7 -2.57 -2.32 USD
GBP/ZAR 20.4163 20.4374 211.6 -51.35 23.12 ZAR
NOK/SEK 0.97350 0.98400 105.0 -1.96 -2.75 SEK
NZD/CAD 0.87582 0.87635 5.3 -1.75 -2.87 CAD
NZD/CHF 0.63966 0.63999 3.3 -1.58 -2.91 CHF
NZD/JPY 76.8240 76.8490 2.5 -1.67 -2.87 JPY
NZD/SGD 0.94729 0.94784 5.5 -2.37 -3.01 SGD
NZD/USD 0.69608 0.69631 2.3 -1.77 -2.71 USD
USD/CAD 1.25828 1.25851 2.3 -2.4 -2.45 CAD
USD/CHF 0.91893 0.91909 1.6 -1.96 -2.64 CHF
USD/CNH 6.48620 6.48790 17.0 -4.43 -3.03 CNH
USD/CZK 20.7260 20.8426 1,166.0 -2.81 -3.69 CZK
USD/DKK 6.31055 6.31738 68.3 -2.84 -5.29 DKK
USD/HKD 7.77140 7.77175 3.5 -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 110.357 110.374 1.7 -2.07 -2.64 JPY
USD/MXN 20.0842 20.0902 60.0 -167.05 0.49 MXN
USD/NOK 8.87744 8.88637 89.3 -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 8.68916 8.69721 80.5 1.1 -8.46 SEK
USD/SGD 1.36088 1.36118 3.0 -3.22 -2.62 SGD
USD/TRY 8.54393 8.56487 209.4 -63.6 1.9 TRY
USD/ZAR 14.8524 14.8667 142.8 -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)