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 0.98450 0.9849 4.8 -0.72 -0.72 CAD
AUD/CHF 0.6874 0.6877 2.8 -0.38 -0.68 CHF
AUD/JPY 80.3040 80.3280 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0699 1.0702 2.8 -0.91 -0.92 NZD
AUD/USD 0.7749 0.7751 1.9 -0.51 -0.51 USD
CAD/CHF 0.6980 0.6984 3.6 -0.41 -0.74 CHF
CAD/JPY 81.5480 81.5760 2.8 -0.55 -0.7 JPY
CHF/JPY 116.79 116.820 2.8 -1.01 -0.66 JPY
EUR/AUD 1.5702 1.5704 2.5 -1.53 -1.36 AUD
EUR/CAD 1.5461 1.5466 5.0 -1.35 -0.86 CAD
EUR/CHF 1.07970 1.0798 1.9 -0.83 -0.85 CHF
EUR/CZK 26.103 26.211 1,080.0 -2.61 -1.58 CZK
EUR/DKK 7.4376 7.4395 19.0 -5.11 -5.01 DKK
EUR/GBP 0.8861 0.8863 2.2 -0.8 -0.53 GBP
EUR/HKD 9.4345 9.4363 17.7 -9.98 -5.95 HKD
EUR/HUF 357.71 360.04 23,360.0 -4.1 -1.29 HUF
EUR/JPY 126.11 126.13 2.0 -0.98 -0.78 JPY
EUR/MXN 24.313 24.350 372.3 -82.02 14.92 MXN
EUR/NOK 10.374 10.379 45.0 -8.46 -6.45 NOK
EUR/NZD 1.6801 1.6809 8.4 -1.75 -0.94 NZD
EUR/PLN 4.54570 4.54910 34.0 -4.81 -1.77 PLN
EUR/RUB 91.255 91.484 2,288.0 -360.01 -91.01 RUB
EUR/SEK 10.087 10.092 46.0 -9 -7.06 SEK
EUR/SGD 1.6112 1.6123 11.2 -1.52 -1.12 SGD
EUR/TRY 8.9248 8.94390 190.9 -50.89 -21.39 TRY
EUR/USD 1.2170 1.21720 1.4 -0.97 -0.72 USD
EUR/ZAR 18.316 18.372 566.5 -60.66 -4.26 ZAR
GBP/AUD 1.77170 1.7719 2.9 -1.41 -1.35 AUD
GBP/CAD 1.7445 1.7451 6.2 -1.29 -1.26 CAD
GBP/CHF 1.2181 1.2185 3.4 -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 142.29 142.31 2.2 -1.05 -1.06 JPY
GBP/MXN 27.452 27.460 76.3 -87.94 16.66 MXN
GBP/NOK 11.704 11.709 48.6 -7.44 -11.16 NOK
GBP/NZD 1.8957 1.89630 5.5 -1.63 -1.38 NZD
GBP/PLN 5.0994 5.1241 247.6 -4.65 -3.01 PLN
GBP/SEK 11.381 11.386 52.1 -8 -9.2 SEK
GBP/SGD 1.8183 1.8188 5.8 -1.75 -1.67 SGD
GBP/TRY 10.068 10.092 237.8 -62.99 -32.33 TRY
GBP/USD 1.3731 1.3733 1.8 -0.89 -0.84 USD
GBP/ZAR 20.663 20.733 702.0 -64.44 -6.94 ZAR
NOK/SEK 0.96650 0.97650 100.0 -0.42 -1.06 SEK
NZD/CAD 0.9198 0.9205 6.7 -0.64 -0.74 CAD
NZD/CHF 0.6424 0.64270 2.6 -0.33 -0.67 CHF
NZD/JPY 75.0410 75.0680 2.7 -0.46 -0.63 JPY
NZD/SGD 0.9589 0.95940 4.8 -0.68 -0.79 SGD
NZD/USD 0.7241 0.7244 2.6 -0.46 -0.51 USD
USD/CAD 1.2704 1.2706 1.9 -0.99 -0.99 CAD
USD/CHF 0.8870 0.8872 1.7 -0.47 -1.19 CHF
USD/CNH 6.47040 6.47240 20.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.1098 6.1124 25.7 -3.35 -5.85 DKK
USD/HKD 7.7519 7.7524 4.5 -8.7 -3.76 HKD
USD/HUF 293.89 295.81 19,180.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 103.61 103.63 1.4 -0.69 -0.88 JPY
USD/MXN 19.990 19.995 46.2 -74.81 9.19 MXN
USD/NOK 8.5178 8.5333 154.9 -5.76 -7.4 NOK
USD/PLN 3.7277 3.7452 174.7 -3.62 -2.43 PLN
USD/RUB 75.028 75.076 484.0 -45.41 -15.07 RUB
USD/SEK 8.2825 8.2972 147.2 -6.47 -7.96 SEK
USD/SGD 1.3240 1.3244 3.6 -1.08 -1.19 SGD
USD/TRY 7.3348 7.3421 73.3 -47.71 -21.71 TRY
USD/ZAR 15.063 15.079 164.2 -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)