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 0.9537 0.9541 3.8 -0.72 -0.72 CAD
AUD/CHF 0.6597 0.6599 2.5 -0.38 -0.68 CHF
AUD/JPY 75.5480 75.5730 2.5 -0.68 -0.63 JPY
AUD/NZD 1.0824 1.0827 2.8 -0.91 -0.92 NZD
AUD/USD 0.7164 0.7166 1.9 -0.51 -0.51 USD
CAD/CHF 0.6915 0.6918 2.6 -0.41 -0.74 CHF
CAD/JPY 79.1970 79.2220 2.5 -0.55 -0.7 JPY
CHF/JPY 114.49 114.52 2.7 -1.01 -0.66 JPY
EUR/AUD 1.63640 1.6366 2.5 -1.53 -1.36 AUD
EUR/CAD 1.5609 1.5612 3.1 -1.35 -0.86 CAD
EUR/CHF 1.0797 1.0799 1.7 -0.83 -0.85 CHF
EUR/CZK 27.014 27.109 950.0 -2.61 -1.58 CZK
EUR/DKK 7.4449 7.4478 28.8 -5.11 -5.01 DKK
EUR/GBP 0.9079 0.9082 2.6 -0.8 -0.53 GBP
EUR/HKD 9.0863 9.0914 50.8 -9.98 -5.95 HKD
EUR/HUF 362.16 364.67 25,160.0 -4.1 -1.29 HUF
EUR/JPY 123.64 123.66 1.9 -0.98 -0.78 JPY
EUR/MXN 25.923 25.934 117.0 -82.02 14.92 MXN
EUR/NOK 10.930 10.937 71.6 -8.46 -6.45 NOK
EUR/NZD 1.7717 1.7720 3.1 -1.75 -0.94 NZD
EUR/PLN 4.53040 4.53320 28.0 -4.81 -1.77 PLN
EUR/RUB 91.045 91.224 1,791.0 -360.01 -91.01 RUB
EUR/SEK 10.4960 10.499 32.0 -9 -7.06 SEK
EUR/SGD 1.6000 1.6010 10.1 -1.52 -1.12 SGD
EUR/TRY 9.0398 9.11260 727.6 -50.89 -21.39 TRY
EUR/USD 1.1725 1.1727 1.5 -0.97 -0.72 USD
EUR/ZAR 19.588 19.635 471.1 -60.66 -4.26 ZAR
GBP/AUD 1.8019 1.8022 2.7 -1.41 -1.35 AUD
GBP/CAD 1.71890 1.71930 4.0 -1.29 -1.26 CAD
GBP/CHF 1.1889 1.1892 2.9 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.1120 8.1173 53.2 -4.46 -6.96 DKK
GBP/HKD 10.066 10.069 28.3 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 136.15 136.17 2.2 -1.05 -1.06 JPY
GBP/MXN 28.545 28.558 128.7 -87.94 16.66 MXN
GBP/NOK 12.035 12.047 112.3 -7.44 -11.16 NOK
GBP/NZD 1.95080 1.9512 4.4 -1.63 -1.38 NZD
GBP/PLN 4.9740 4.9984 243.7 -4.65 -3.01 PLN
GBP/SEK 11.558 11.561 38.9 -8 -9.2 SEK
GBP/SGD 1.7619 1.7629 10.8 -1.75 -1.67 SGD
GBP/TRY 9.9573 10.031 742.3 -62.99 -32.33 TRY
GBP/USD 1.2911 1.2913 1.7 -0.89 -0.84 USD
GBP/ZAR 21.569 21.624 550.8 -64.44 -6.94 ZAR
NOK/SEK 0.95400 0.96300 90.0 -0.42 -1.06 SEK
NZD/CAD 0.8806 0.88150 8.7 -0.64 -0.74 CAD
NZD/CHF 0.6093 0.6095 2.4 -0.33 -0.67 CHF
NZD/JPY 69.7790 69.8040 2.5 -0.46 -0.63 JPY
NZD/SGD 0.9028 0.9039 11.0 -0.68 -0.79 SGD
NZD/USD 0.6617 0.6619 2.3 -0.46 -0.51 USD
USD/CAD 1.3312 1.33140 1.7 -0.99 -0.99 CAD
USD/CHF 0.92080 0.9209 1.6 -0.47 -1.19 CHF
USD/CNH 6.78260 6.78480 22.0 -13.73 -8.83 CNH
USD/CZK 23.050 23.144 935.0 -2.7 -1.5 CZK
USD/DKK 6.34740 6.3526 52.3 -3.35 -5.85 DKK
USD/HKD 7.7497 7.7503 5.9 -8.7 -3.76 HKD
USD/HUF 309.410 311.00 15,920.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 105.44 105.45 1.5 -0.69 -0.88 JPY
USD/MXN 22.106 22.115 90.7 -74.81 9.19 MXN
USD/NOK 9.3141 9.3336 194.6 -5.76 -7.4 NOK
USD/PLN 3.8537 3.8704 167.5 -3.62 -2.43 PLN
USD/RUB 77.724 77.846 1,219.0 -45.41 -15.07 RUB
USD/SEK 8.94600 8.95650 105.0 -6.47 -7.96 SEK
USD/SGD 1.3647 1.3651 4.3 -1.08 -1.19 SGD
USD/TRY 7.7142 7.7554 411.7 -47.71 -21.71 TRY
USD/ZAR 16.707 16.749 424.9 -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)