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 0.95370 0.95413 4.3 0.1 -2.81 CAD
AUD/CHF 0.66023 0.66051 2.8 0.23 -2.8 CHF
AUD/JPY 77.1220 77.1460 2.4 0.12 -2.75 JPY
AUD/NZD 1.05297 1.05325 2.8 -2.66 -2.02 NZD
AUD/USD 0.74169 0.74187 1.8 -2.05 -2.45 USD
CAD/CHF 0.69210 0.69245 3.5 -1.98 -2.52 CHF
CAD/JPY 80.8460 80.8760 3.0 0.02 -2.45 JPY
CHF/JPY 116.789 116.820 3.1 -2.54 -2.23 JPY
EUR/AUD 1.63865 1.63891 2.6 -3.57 0.55 AUD
EUR/CAD 1.56303 1.56348 4.5 -2.84 -2.13 CAD
EUR/CHF 1.08211 1.08229 1.8 -2.22 -2.48 CHF
EUR/CZK 26.4496 26.5943 1,447.0 -3.42 -3.22 CZK
EUR/DKK 7.44239 7.44413 17.4 -5.17 -3.57 DKK
EUR/GBP 0.90282 0.90305 2.3 -2.54 -2.09 GBP
EUR/HKD 9.42107 9.42266 15.9 -7.13 -4.17 HKD
EUR/HUF 357.716 359.413 16,970.0 -4.36 -2.53 HUF
EUR/JPY 126.397 126.418 2.1 -2.45 -2.38 JPY
EUR/MXN 24.1201 24.1256 55.0 -217.45 3.9 MXN
EUR/NOK 10.6611 10.6656 45.0 -7.26 -2.75 NOK
EUR/NZD 1.72562 1.72592 3.0 -3.85 0.69 NZD
EUR/PLN 4.47420 4.47710 29.0 -6.08 0.37 PLN
EUR/RUB 90.0377 90.1205 828.0 -370.25 61.78 RUB
EUR/SEK 10.2548 10.2582 34.0 -3.56 -6.49 SEK
EUR/SGD 1.62026 1.62085 5.9 -3.84 -2.34 SGD
EUR/TRY 9.44488 9.46931 244.3 -85.04 4.02 TRY
EUR/USD 1.21555 1.21569 1.4 -2.66 -2.03 SUD
EUR/ZAR 18.4391 18.4735 344.9 -54.12 23.69 ZAR
GBP/AUD 1.81489 1.81515 2.6 -3.3 0 AUD
GBP/CAD 1.73102 1.73169 6.7 -2.6 -2.65 CAD
GBP/CHF 1.19841 1.19875 3.4 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 139.989 140.011 2.2 -2.22 -2.84 JPY
GBP/MXN 26.7145 26.7201 56.0 -230.4 -2.06 MXN
GBP/NOK 11.8072 11.8118 46.2 -5.93 -6.36 NOK
GBP/NZD 1.91117 1.91156 3.9 -3.78 0.3 NZD
GBP/PLN 4.94473 4.96938 246.5 -5.77 -3.03 PLN
GBP/SEK 11.3572 11.3607 35.0 0.39 -10.83 SEK
GBP/SGD 1.79455 1.79512 5.7 -3.77 -2.87 SGD
GBP/TRY 10.4602 10.4880 278.7 -96.08 4.11 TRY
GBP/USD 1.34626 1.34641 1.5 -2.57 -2.32 USD
GBP/ZAR 20.4201 20.4616 414.8 -51.35 23.12 ZAR
NOK/SEK 0.95700 0.96750 105.0 -1.96 -2.75 SEK
NZD/CAD 0.90554 0.90617 6.3 -1.75 -2.87 CAD
NZD/CHF 0.62694 0.62723 2.9 -1.58 -2.91 CHF
NZD/JPY 73.2330 73.2590 2.6 -1.67 -2.87 JPY
NZD/SGD 0.93882 0.93926 4.4 -2.37 -3.01 SGD
NZD/USD 0.70427 0.70451 2.4 -1.77 -2.71 USD
USD/CAD 1.28590 1.28608 1.8 -2.4 -2.45 CAD
USD/CHF 0.89016 0.89034 1.8 -1.96 -2.64 CHF
USD/CNH 6.51860 6.52050 19.0 -4.43 -3.03 CNH
USD/CZK 21.9713 22.0801 1,088.0 -2.81 -3.69 CZK
USD/DKK 6.12222 6.12454 23.2 -2.84 -5.29 DKK
USD/HKD 7.75043 7.75094 5.1 -4.36 -6.16 HKD
USD/HUF 294.307 295.673 13,660.0 -3.23 -3.23 HUF
USD/ILS 3.79300 3.79300 0.0 -2.04 -2.04 ILS
USD/JPY 103.978 103.992 1.4 -2.07 -2.64 JPY
USD/MXN 19.8419 19.8461 41.8 -167.05 0.49 MXN
USD/NOK 8.76675 8.77769 109.4 -4.19 -5.04 NOK
USD/PLN 3.67520 3.68877 135.7 -5.79 -1.99 PLN
USD/RUB 74.0788 74.1342 554.0 -335 14.67 RUB
USD/SEK 8.43300 8.44150 85.0 1.1 -8.46 SEK
USD/SGD 1.33292 1.33327 3.5 -3.22 -2.62 SGD
USD/TRY 7.77463 7.77920 45.7 -63.6 1.9 TRY
USD/ZAR 15.1766 15.1909 142.6 -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)