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 0.94330 0.94560 23.0 -0.72 -0.72 CAD
AUD/CHF 0.6563 0.6581 18.0 -0.38 -0.68 CHF
AUD/JPY 74.7870 74.9960 20.9 -0.68 -0.63 JPY
AUD/NZD 1.0627 1.0656 29.0 -0.91 -0.92 NZD
AUD/USD 0.6968 0.6983 15.6 -0.51 -0.51 USD
CAD/CHF 0.6952 0.6964 12.3 -0.41 -0.74 CHF
CAD/JPY 79.2230 79.3700 14.7 -0.55 -0.7 JPY
CHF/JPY 113.86 114.060 19.6 -1.01 -0.66 JPY
EUR/AUD 1.6192 1.6231 39.2 -1.53 -1.36 AUD
EUR/CAD 1.5302 1.5322 19.7 -1.35 -0.86 CAD
EUR/CHF 1.0646 1.0663 16.7 -0.83 -0.85 CHF
EUR/CZK 26.6140 26.735 1,215.0 -2.61 -1.58 CZK
EUR/DKK 7.4498 7.4523 25.2 -5.11 -5.01 DKK
EUR/GBP 0.9047 0.90630 15.4 -0.8 -0.53 GBP
EUR/HKD 8.7605 8.76740 68.3 -9.98 -5.95 HKD
EUR/HUF 351.45 353.49 20,400.0 -4.1 -1.29 HUF
EUR/JPY 121.28 121.53 24.9 -0.98 -0.78 JPY
EUR/MXN 25.185 25.353 1,675.0 -82.02 14.92 MXN
EUR/NOK 10.602 10.665 637.8 -8.46 -6.45 NOK
EUR/NZD 1.7237 1.7269 32.3 -1.75 -0.94 NZD
EUR/PLN 4.45450 4.47460 201.0 -4.81 -1.77 PLN
EUR/RUB 81.185 81.294 1,092.0 -360.01 -91.01 RUB
EUR/SEK 10.442 10.465 229.0 -9 -7.06 SEK
EUR/SGD 1.57210 1.5771 50.6 -1.52 -1.12 SGD
EUR/TRY 7.7559 7.7795 235.7 -50.89 -21.39 TRY
EUR/USD 1.1305 1.1313 8.6 -0.97 -0.72 USD
EUR/ZAR 19.170 19.221 508.1 -60.66 -4.26 ZAR
GBP/AUD 1.7881 1.7928 47.2 -1.41 -1.35 AUD
GBP/CAD 1.6896 1.6923 27.6 -1.29 -1.26 CAD
GBP/CHF 1.1757 1.1777 20.0 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.2702 8.2754 52.2 -4.46 -6.96 DKK
GBP/HKD 9.56900 9.5721 31.7 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 133.99 134.20 21.8 -1.05 -1.06 JPY
GBP/MXN 27.827 27.991 1,636.8 -87.94 16.66 MXN
GBP/NOK 11.704 11.778 736.7 -7.44 -11.16 NOK
GBP/NZD 1.9031 1.9075 43.6 -1.63 -1.38 NZD
GBP/PLN 4.9165 4.9405 240.2 -4.65 -3.01 PLN
GBP/SEK 11.544 11.551 67.8 -8 -9.2 SEK
GBP/SGD 1.7358 1.7420 62.0 -1.75 -1.67 SGD
GBP/TRY 8.5643 8.5918 275.0 -62.99 -32.33 TRY
GBP/USD 1.2478 1.2497 19.0 -0.89 -0.84 USD
GBP/ZAR 21.172 21.236 636.6 -64.44 -6.94 ZAR
NOK/SEK 0.97900 0.98850 95.0 -0.42 -1.06 SEK
NZD/CAD 0.8866 0.8884 18.0 -0.64 -0.74 CAD
NZD/CHF 0.6168 0.6183 14.5 -0.33 -0.67 CHF
NZD/JPY 70.2900 70.4620 17.2 -0.46 -0.63 JPY
NZD/SGD 0.91080 0.9145 37.1 -0.68 -0.79 SGD
NZD/USD 0.6549 0.6560 11.4 -0.46 -0.51 USD
USD/CAD 1.3538 1.35420 3.3 -0.99 -0.99 CAD
USD/CHF 0.9415 0.9427 11.5 -0.47 -1.19 CHF
USD/CNH 7.00820 7.02320 150.0 -13.73 -8.83 CNH
USD/CZK 23.529 23.654 1,247.0 -2.7 -1.5 CZK
USD/DKK 6.5866 6.5913 46.8 -3.35 -5.85 DKK
USD/HKD 7.7496 7.7505 9.4 -8.7 -3.76 HKD
USD/HUF 310.77 312.63 18,600.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 107.29 107.430 13.4 -0.69 -0.88 JPY
USD/MXN 22.270 22.418 1,479.4 -74.81 9.19 MXN
USD/NOK 9.3771 9.4298 526.8 -5.76 -7.4 NOK
USD/PLN 3.9395 3.9560 164.8 -3.62 -2.43 PLN
USD/RUB 71.761 71.845 834.0 -45.41 -15.07 RUB
USD/SEK 9.2353 9.2535 181.4 -6.47 -7.96 SEK
USD/SGD 1.3902 1.3943 41.6 -1.08 -1.19 SGD
USD/TRY 6.8525 6.8704 179.8 -47.71 -21.71 TRY
USD/ZAR 16.947 17.000 524.9 -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)