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 0.9686 0.9696 9.6 -0.72 -0.72 CAD
AUD/CHF 0.7104 0.7122 18.3 -0.38 -0.68 CHF
AUD/JPY 83.7880 83.8520 6.4 -0.68 -0.63 JPY
AUD/NZD 1.0747 1.0759 11.7 -0.91 -0.92 NZD
AUD/USD 0.7752 0.7759 6.6 -0.51 -0.51 USD
CAD/CHF 0.7331 0.73430 11.5 -0.41 -0.74 CHF
CAD/JPY 86.4550 86.5410 8.6 -0.55 -0.7 JPY
CHF/JPY 117.79 117.94 15.3 -1.01 -0.66 JPY
EUR/AUD 1.5509 1.5521 12.1 -1.53 -1.36 AUD
EUR/CAD 1.5030 1.5043 12.8 -1.35 -0.86 CAD
EUR/CHF 1.1030 1.1041 10.7 -0.83 -0.85 CHF
EUR/CZK 25.779 25.935 1,566.0 -2.61 -1.58 CZK
EUR/DKK 7.4357 7.4379 21.8 -5.11 -5.01 DKK
EUR/GBP 0.8636 0.8645 8.7 -0.8 -0.53 GBP
EUR/HKD 9.3379 9.3468 88.6 -9.98 -5.95 HKD
EUR/HUF 361.38 363.98 25,990.0 -4.1 -1.29 HUF
EUR/JPY 130.00 130.10 9.8 -0.98 -0.78 JPY
EUR/MXN 23.9240 23.933 91.0 -82.02 14.92 MXN
EUR/NOK 10.016 10.058 423.0 -8.46 -6.45 NOK
EUR/NZD 1.6673 1.6700 26.4 -1.75 -0.94 NZD
EUR/PLN 4.5443 4.5678 234.4 -4.81 -1.77 PLN
EUR/RUB 92.069 92.316 2,471.0 -360.01 -91.01 RUB
EUR/SEK 10.096 10.1430 461.0 -9 -7.06 SEK
EUR/SGD 1.5981 1.6006 25.2 -1.52 -1.12 SGD
EUR/TRY 9.8250 9.8848 598.1 -50.89 -21.39 TRY
EUR/USD 1.20300 1.2036 6.6 -0.97 -0.72 USD
EUR/ZAR 17.0930 17.168 756.8 -60.66 -4.26 ZAR
GBP/AUD 1.7947 1.7966 18.7 -1.41 -1.35 AUD
GBP/CAD 1.73920 1.7411 19.6 -1.29 -1.26 CAD
GBP/CHF 1.2766 1.2775 9.1 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.7374 8.7461 86.6 -4.46 -6.96 DKK
GBP/HKD 10.756 10.768 126.1 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 150.45 150.55 10.5 -1.05 -1.06 JPY
GBP/MXN 27.6860 27.696 104.0 -87.94 16.66 MXN
GBP/NOK 11.574 11.648 737.9 -7.44 -11.16 NOK
GBP/NZD 1.9295 1.9326 31.2 -1.63 -1.38 NZD
GBP/PLN 5.2652 5.2908 255.9 -4.65 -3.01 PLN
GBP/SEK 11.686 11.720 342.5 -8 -9.2 SEK
GBP/SGD 1.8492 1.8525 32.6 -1.75 -1.67 SGD
GBP/TRY 11.362 11.446 844.9 -62.99 -32.33 TRY
GBP/USD 1.3921 1.3929 7.4 -0.89 -0.84 USD
GBP/ZAR 19.778 19.870 921.0 -64.44 -6.94 ZAR
NOK/SEK 1.00500 1.01500 100.0 -0.42 -1.06 SEK
NZD/CAD 0.9003 0.9019 15.2 -0.64 -0.74 CAD
NZD/CHF 0.6604 0.6622 18.3 -0.33 -0.67 CHF
NZD/JPY 77.8950 77.9810 8.6 -0.46 -0.63 JPY
NZD/SGD 0.9575 0.9594 19.5 -0.68 -0.79 SGD
NZD/USD 0.7208 0.7215 6.3 -0.46 -0.51 USD
USD/CAD 1.2494 1.2497 2.8 -0.99 -0.99 CAD
USD/CHF 0.91640 0.9173 9.7 -0.47 -1.19 CHF
USD/CNH 6.48680 6.49300 62.0 -13.73 -8.83 CNH
USD/CZK 21.817 21.927 1,103.0 -2.7 -1.5 CZK
USD/DKK 6.17690 6.1830 61.4 -3.35 -5.85 DKK
USD/HKD 7.7629 7.7652 23.2 -8.7 -3.76 HKD
USD/HUF 300.62 302.29 16,620.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 108.05 108.11 5.8 -0.69 -0.88 JPY
USD/MXN 19.8850 19.900 155.0 -74.81 9.19 MXN
USD/NOK 8.3273 8.3556 283.1 -5.76 -7.4 NOK
USD/PLN 3.77700 3.7959 189.4 -3.62 -2.43 PLN
USD/RUB 76.581 76.660 794.0 -45.41 -15.07 RUB
USD/SEK 8.39190 8.42810 362.0 -6.47 -7.96 SEK
USD/SGD 1.3286 1.3296 10.8 -1.08 -1.19 SGD
USD/TRY 8.1585 8.2209 624.0 -47.71 -21.71 TRY
USD/ZAR 14.203 14.276 728.8 -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)