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 0.9582 0.95870 4.8 -0.72 -0.72 CAD
AUD/CHF 0.6699 0.6701 2.4 -0.38 -0.68 CHF
AUD/JPY 76.6860 76.7100 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0516 1.0519 3.1 -0.91 -0.92 NZD
AUD/USD 0.7335 0.7337 1.9 -0.51 -0.51 USD
CAD/CHF 0.6989 0.6992 3.1 -0.41 -0.74 CHF
CAD/JPY 80.0100 80.0370 2.7 -0.55 -0.7 JPY
CHF/JPY 114.450 114.47 2.6 -1.01 -0.66 JPY
EUR/AUD 1.61730 1.6175 2.5 -1.53 -1.36 AUD
EUR/CAD 1.5500 1.5504 3.7 -1.35 -0.86 CAD
EUR/CHF 1.0837 1.08390 1.5 -0.83 -0.85 CHF
EUR/CZK 26.198 26.342 1,447.0 -2.61 -1.58 CZK
EUR/DKK 7.4416 7.4430 13.3 -5.11 -5.01 DKK
EUR/GBP 0.8907 0.8909 2.5 -0.8 -0.53 GBP
EUR/HKD 9.1966 9.1988 22.7 -9.98 -5.95 HKD
EUR/HUF 360.42 362.11 16,970.0 -4.1 -1.29 HUF
EUR/JPY 124.04 124.06 2.0 -0.98 -0.78 JPY
EUR/MXN 23.886 23.893 76.0 -82.02 14.92 MXN
EUR/NOK 10.683 10.687 44.0 -8.46 -6.45 NOK
EUR/NZD 1.7009 1.7012 3.1 -1.75 -0.94 NZD
EUR/PLN 4.46490 4.46820 33.0 -4.81 -1.77 PLN
EUR/RUB 90.2550 90.342 874.0 -360.01 -91.01 RUB
EUR/SEK 10.205 10.209 33.0 -9 -7.06 SEK
EUR/SGD 1.5940 1.5946 6.0 -1.52 -1.12 SGD
EUR/TRY 9.3945 9.4257 312.4 -50.89 -21.39 TRY
EUR/USD 1.1865 1.1866 1.5 -0.97 -0.72 USD
EUR/ZAR 18.239 18.265 257.5 -60.66 -4.26 ZAR
GBP/AUD 1.8154 1.8157 3.2 -1.41 -1.35 AUD
GBP/CAD 1.7397 1.7405 7.3 -1.29 -1.26 CAD
GBP/CHF 1.21640 1.2167 3.3 -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 139.23 139.26 2.5 -1.05 -1.06 JPY
GBP/MXN 26.812 26.821 92.2 -87.94 16.66 MXN
GBP/NOK 11.992 11.996 47.5 -7.44 -11.16 NOK
GBP/NZD 1.9092 1.9097 5.0 -1.63 -1.38 NZD
GBP/PLN 5.0158 5.0399 240.5 -4.65 -3.01 PLN
GBP/SEK 11.456 11.459 33.8 -8 -9.2 SEK
GBP/SGD 1.7892 1.79000 7.3 -1.75 -1.67 SGD
GBP/TRY 10.544 10.580 363.1 -62.99 -32.33 TRY
GBP/USD 1.3318 1.3320 2.2 -0.89 -0.84 USD
GBP/ZAR 20.471 20.504 332.3 -64.44 -6.94 ZAR
NOK/SEK 0.95050 0.96000 95.0 -0.42 -1.06 SEK
NZD/CAD 0.9109 0.9116 7.1 -0.64 -0.74 CAD
NZD/CHF 0.6369 0.6372 2.6 -0.33 -0.67 CHF
NZD/JPY 72.9100 72.9380 2.8 -0.46 -0.63 JPY
NZD/SGD 0.93700 0.9374 4.3 -0.68 -0.79 SGD
NZD/USD 0.6974 0.6976 2.3 -0.46 -0.51 USD
USD/CAD 1.3063 1.30650 1.8 -0.99 -0.99 CAD
USD/CHF 0.9132 0.9134 1.4 -0.47 -1.19 CHF
USD/CNH 6.58490 6.58670 18.0 -13.73 -8.83 CNH
USD/CZK 22.161 22.240 787.0 -2.7 -1.5 CZK
USD/DKK 6.2706 6.2732 26.0 -3.35 -5.85 DKK
USD/HKD 7.7510 7.7514 4.6 -8.7 -3.76 HKD
USD/HUF 303.73 305.13 14,030.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 104.53 104.55 1.4 -0.69 -0.88 JPY
USD/MXN 20.130 20.135 57.0 -74.81 9.19 MXN
USD/NOK 8.9996 9.0096 100.0 -5.76 -7.4 NOK
USD/PLN 3.7539 3.7744 204.7 -3.62 -2.43 PLN
USD/RUB 76.072 76.132 594.0 -45.41 -15.07 RUB
USD/SEK 8.59830 8.60620 79.0 -6.47 -7.96 SEK
USD/SGD 1.3433 1.3437 4.2 -1.08 -1.19 SGD
USD/TRY 7.9228 7.93190 90.2 -47.71 -21.71 TRY
USD/ZAR 15.376 15.386 95.7 -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)