Trading

Spread and Swap

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 0.8981 0.8988 7.0 -0.72 -0.72 CAD
AUD/CHF 0.6495 0.6500 4.4 -0.38 -0.68 CHF
AUD/JPY 80.8740 80.9000 2.6 -0.68 -0.63 JPY
AUD/NZD 1.0639 1.0642 3.4 -0.91 -0.92 NZD
AUD/USD 0.7106 0.7108 2.0 -0.51 -0.51 USD
CAD/CHF 0.7230 0.7234 4.8 -0.41 -0.74 CHF
CAD/JPY 90.0110 90.0390 2.8 -0.55 -0.7 JPY
CHF/JPY 124.44 124.49 4.4 -1.01 -0.66 JPY
EUR/AUD 1.5889 1.58930 3.2 -1.53 -1.36 AUD
EUR/CAD 1.4275 1.4281 6.3 -1.35 -0.86 CAD
EUR/CHF 1.0325 1.0327 2.7 -0.83 -0.85 CHF
EUR/CZK 24.460 24.544 832.0 -2.61 -1.58 CZK
EUR/DKK 7.4425 7.4458 32.3 -5.11 -5.01 DKK
EUR/GBP 0.8382 0.8384 2.6 -0.8 -0.53 GBP
EUR/HKD 8.7905 8.79290 23.1 -9.98 -5.95 HKD
EUR/HUF 359.51 360.98 14,720.0 -4.1 -1.29 HUF
EUR/JPY 128.52 128.55 2.7 -0.98 -0.78 JPY
EUR/MXN 23.143 23.233 893.6 -82.02 14.92 MXN
EUR/NOK 10.163 10.177 145.0 -8.46 -6.45 NOK
EUR/NZD 1.6904 1.6915 10.7 -1.75 -0.94 NZD
EUR/PLN 4.5590 4.5696 105.9 -4.81 -1.77 PLN
EUR/RUB 89.503 89.577 739.0 -360.01 -91.01 RUB
EUR/SEK 10.513 10.524 114.0 -9 -7.06 SEK
EUR/SGD 1.5204 1.5214 10.4 -1.52 -1.12 SGD
EUR/TRY 15.142 15.195 532.2 -50.89 -21.39 TRY
EUR/USD 1.1293 1.1295 1.7 -0.97 -0.72 USD
EUR/ZAR 17.233 17.259 262.4 -60.66 -4.26 ZAR
GBP/AUD 1.8950 1.8959 8.8 -1.41 -1.35 AUD
GBP/CAD 1.7026 1.7035 8.5 -1.29 -1.26 CAD
GBP/CHF 1.2314 1.2320 5.8 -0.62 -1.15 CHF
GBP/DKK 8.7287 8.7340 52.3 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/JPY 153.310 153.33 2.2 -1.05 -1.06 JPY
GBP/MXN 27.678 27.690 123.7 -87.94 16.66 MXN
GBP/NOK 12.121 12.143 218.3 -7.44 -11.16 NOK
GBP/NZD 2.0163 2.0179 16.4 -1.63 -1.38 NZD
GBP/PLN 5.4398 5.4507 109.1 -4.65 -3.01 PLN
GBP/SEK 12.539 12.556 170.2 -8 -9.2 SEK
GBP/SGD 1.8135 1.8150 15.2 -1.75 -1.67 SGD
GBP/TRY 18.062 18.128 659.2 -62.99 -32.33 TRY
GBP/USD 1.3471 1.34730 1.8 -0.89 -0.84 USD
GBP/ZAR 20.554 20.589 353.8 -64.44 -6.94 ZAR
NOK/SEK 1.02900 1.03850 95.0 -0.42 -1.06 SEK
NZD/CAD 0.8439 0.8447 8.1 -0.64 -0.74 CAD
NZD/CHF 0.6104 0.6109 5.3 -0.33 -0.67 CHF
NZD/JPY 75.9970 76.0360 3.9 -0.46 -0.63 JPY
NZD/SGD 0.8989 0.8999 9.6 -0.68 -0.79 SGD
NZD/USD 0.66780 0.6680 2.6 -0.46 -0.51 USD
USD/CAD 1.2640 1.2642 2.1 -0.99 -0.99 CAD
USD/CHF 0.9142 0.9144 2.0 -0.47 -1.19 CHF
USD/CNH 6.33260 6.33470 21.0 -13.73 -8.83 CNH
USD/CZK 21.665 21.725 594.0 -2.7 -1.5 CZK
USD/DKK 6.5891 6.5926 35.6 -3.35 -5.85 DKK
USD/HKD 7.7842 7.7846 4.0 -8.7 -3.76 HKD
USD/HUF 318.53 319.37 8,430.0 -3.41 -2.11 HUF
USD/JPY 113.800 113.81 1.7 -0.69 -0.88 JPY
USD/MXN 20.543 20.557 139.8 -74.81 9.19 MXN
USD/NOK 8.9999 9.01010 101.9 -5.76 -7.4 NOK
USD/PLN 4.0377 4.0449 72.0 -3.62 -2.43 PLN
USD/RUB 79.255 79.306 511.0 -45.41 -15.07 RUB
USD/SEK 9.3092 9.3175 83.8 -6.47 -7.96 SEK
USD/SGD 1.3462 1.3471 8.4 -1.08 -1.19 SGD
USD/TRY 13.388 13.461 727.9 -47.71 -21.71 TRY
USD/ZAR 15.256 15.283 277.6 -53.63 -14.75 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)