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 0.95330 0.95380 5.0 0.1 -2.81 CAD
AUD/CHF 0.66052 0.66077 2.5 0.23 -2.8 CHF
AUD/JPY 77.1470 77.1710 2.4 0.12 -2.75 JPY
AUD/NZD 1.05266 1.05295 2.9 -2.66 -2.02 NZD
AUD/USD 0.74264 0.74283 1.9 -2.05 -2.45 USD
CAD/CHF 0.69263 0.69302 3.9 -1.98 -2.52 CHF
CAD/JPY 80.9020 80.9300 2.8 0.02 -2.45 JPY
CHF/JPY 116.779 116.805 2.6 -2.54 -2.23 JPY
EUR/AUD 1.63789 1.63816 2.7 -3.57 0.55 AUD
EUR/CAD 1.56172 1.56224 5.2 -2.84 -2.13 CAD
EUR/CHF 1.08205 1.08226 2.1 -2.22 -2.48 CHF
EUR/CZK 26.4436 26.5883 1,447.0 -3.42 -3.22 CZK
EUR/DKK 7.44254 7.44428 17.4 -5.17 -3.57 DKK
EUR/GBP 0.90248 0.90278 3.0 -2.54 -2.09 GBP
EUR/HKD 9.42853 9.43081 22.8 -7.13 -4.17 HKD
EUR/HUF 357.431 359.128 16,970.0 -4.36 -2.53 HUF
EUR/JPY 126.374 126.401 2.7 -2.45 -2.38 JPY
EUR/MXN 24.0798 24.0848 50.0 -217.45 3.9 MXN
EUR/NOK 10.6600 10.6641 41.0 -7.26 -2.75 NOK
EUR/NZD 1.72434 1.72467 3.3 -3.85 0.69 NZD
EUR/PLN 4.47210 4.47500 29.0 -6.08 0.37 PLN
EUR/RUB 90.0007 90.1211 1,204.0 -370.25 61.78 RUB
EUR/SEK 10.2556 10.2593 37.0 -3.56 -6.49 SEK
EUR/SGD 1.62008 1.62127 11.9 -3.84 -2.34 SGD
EUR/TRY 9.45137 9.47516 237.9 -85.04 4.02 TRY
EUR/USD 1.21656 1.21670 1.4 -2.66 -2.03 SUD
EUR/ZAR 18.4257 18.4641 383.9 -54.12 23.69 ZAR
GBP/AUD 1.81467 1.81494 2.7 -3.3 0 AUD
GBP/CAD 1.73016 1.73089 7.3 -2.6 -2.65 CAD
GBP/CHF 1.19878 1.19909 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 140.017 140.039 2.2 -2.22 -2.84 JPY
GBP/MXN 26.6785 26.6841 56.1 -230.4 -2.06 MXN
GBP/NOK 11.8105 11.8149 43.9 -5.93 -6.36 NOK
GBP/NZD 1.91040 1.91083 4.3 -3.78 0.3 NZD
GBP/PLN 4.94416 4.96881 246.5 -5.77 -3.03 PLN
GBP/SEK 11.3622 11.3662 39.7 0.39 -10.83 SEK
GBP/SGD 1.79491 1.79615 12.4 -3.77 -2.87 SGD
GBP/TRY 10.4723 10.4977 253.6 -96.08 4.11 TRY
GBP/USD 1.34783 1.34801 1.8 -2.57 -2.32 USD
GBP/ZAR 20.4116 20.4585 469.2 -51.35 23.12 ZAR
NOK/SEK 0.95700 0.96750 105.0 -1.96 -2.75 SEK
NZD/CAD 0.90527 0.90625 9.8 -1.75 -2.87 CAD
NZD/CHF 0.62738 0.62766 2.8 -1.58 -2.91 CHF
NZD/JPY 73.2770 73.3030 2.6 -1.67 -2.87 JPY
NZD/SGD 0.93941 0.94013 7.2 -2.37 -3.01 SGD
NZD/USD 0.70537 0.70562 2.5 -1.77 -2.71 USD
USD/CAD 1.28375 1.28393 1.8 -2.4 -2.45 CAD
USD/CHF 0.88939 0.88956 1.7 -1.96 -2.64 CHF
USD/CNH 6.51630 6.51820 19.0 -4.43 -3.03 CNH
USD/CZK 21.9713 22.0801 1,088.0 -2.81 -3.69 CZK
USD/DKK 6.11724 6.11956 23.2 -2.84 -5.29 DKK
USD/HKD 7.75042 7.75089 4.7 -4.36 -6.16 HKD
USD/HUF 293.833 295.198 13,650.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 103.878 103.891 1.3 -2.07 -2.64 JPY
USD/MXN 19.7926 19.7960 33.8 -167.05 0.49 MXN
USD/NOK 8.75770 8.76985 121.5 -4.19 -5.04 NOK
USD/PLN 3.67030 3.68386 135.6 -5.79 -1.99 PLN
USD/RUB 73.9793 74.0627 834.0 -335 14.67 RUB
USD/SEK 8.42660 8.43490 83.0 1.1 -8.46 SEK
USD/SGD 1.33183 1.33232 4.9 -3.22 -2.62 SGD
USD/TRY 7.77402 7.78014 61.2 -63.6 1.9 TRY
USD/ZAR 15.1524 15.1739 215.0 -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)