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 0.9359 0.9363 3.9 -0.72 -0.72 CAD
AUD/CHF 0.6935 0.6939 3.9 -0.38 -0.68 CHF
AUD/JPY 84.8480 84.8720 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0799 1.0802 3.0 -0.91 -0.92 NZD
AUD/USD 0.7706 0.77090 2.1 -0.51 -0.51 USD
CAD/CHF 0.7409 0.7412 2.7 -0.41 -0.74 CHF
CAD/JPY 90.6360 90.6620 2.6 -0.55 -0.7 JPY
CHF/JPY 122.30 122.33 2.9 -1.01 -0.66 JPY
EUR/AUD 1.5720 1.5723 3.1 -1.53 -1.36 AUD
EUR/CAD 1.4715 1.4719 3.8 -1.35 -0.86 CAD
EUR/CHF 1.0905 1.0908 2.6 -0.83 -0.85 CHF
EUR/CZK 25.3590 25.502 1,439.0 -2.61 -1.58 CZK
EUR/DKK 7.43480 7.4370 22.5 -5.11 -5.01 DKK
EUR/GBP 0.8588 0.8591 2.6 -0.8 -0.53 GBP
EUR/HKD 9.4051 9.4101 49.7 -9.98 -5.95 HKD
EUR/HUF 348.85 351.44 25,940.0 -4.1 -1.29 HUF
EUR/JPY 133.40 133.42 2.2 -0.98 -0.78 JPY
EUR/MXN 24.187 24.2450 572.0 -82.02 14.92 MXN
EUR/NOK 10.084 10.089 54.0 -8.46 -6.45 NOK
EUR/NZD 1.6975 1.6987 12.8 -1.75 -0.94 NZD
EUR/PLN 4.51510 4.5199 48.5 -4.81 -1.77 PLN
EUR/RUB 87.393 87.488 948.0 -360.01 -91.01 RUB
EUR/SEK 10.0870 10.093 66.0 -9 -7.06 SEK
EUR/SGD 1.6073 1.6085 12.0 -1.52 -1.12 SGD
EUR/TRY 10.218 10.317 989.5 -50.89 -21.39 TRY
EUR/USD 1.2117 1.2118 1.5 -0.97 -0.72 USD
EUR/ZAR 16.687 16.727 398.1 -60.66 -4.26 ZAR
GBP/AUD 1.83000 1.8303 3.7 -1.41 -1.35 AUD
GBP/CAD 1.7130 1.7135 4.7 -1.29 -1.26 CAD
GBP/CHF 1.2694 1.2700 5.8 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.5949 8.6002 52.9 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 155.30 155.32 2.5 -1.05 -1.06 JPY
GBP/MXN 28.175 28.182 68.9 -87.94 16.66 MXN
GBP/NOK 11.738 11.747 81.1 -7.44 -11.16 NOK
GBP/NZD 1.9759 1.9777 18.4 -1.63 -1.38 NZD
GBP/PLN 5.2444 5.2687 242.7 -4.65 -3.01 PLN
GBP/SEK 11.741 11.751 92.1 -8 -9.2 SEK
GBP/SGD 1.87110 1.8726 15.8 -1.75 -1.67 SGD
GBP/TRY 11.910 12.000 896.7 -62.99 -32.33 TRY
GBP/USD 1.4106 1.4108 2.1 -0.89 -0.84 USD
GBP/ZAR 19.424 19.474 501.6 -64.44 -6.94 ZAR
NOK/SEK 0.99750 1.00450 70.0 -0.42 -1.06 SEK
NZD/CAD 0.8662 0.8671 9.4 -0.64 -0.74 CAD
NZD/CHF 0.6419 0.6426 6.5 -0.33 -0.67 CHF
NZD/JPY 78.5460 78.5860 4.0 -0.46 -0.63 JPY
NZD/SGD 0.9463 0.9474 11.7 -0.68 -0.79 SGD
NZD/USD 0.71350 0.7137 2.6 -0.46 -0.51 USD
USD/CAD 1.2144 1.2146 1.9 -0.99 -0.99 CAD
USD/CHF 0.8999 0.9001 1.8 -0.47 -1.19 CHF
USD/CNH 6.40660 6.40840 18.0 -13.73 -8.83 CNH
USD/CZK 20.7260 20.842 1,166.0 -2.7 -1.5 CZK
USD/DKK 6.1349 6.1374 25.1 -3.35 -5.85 DKK
USD/HKD 7.7618 7.76220 3.5 -8.7 -3.76 HKD
USD/HUF 288.22 289.87 16,460.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 110.08 110.10 1.3 -0.69 -0.88 JPY
USD/MXN 19.971 19.977 62.0 -74.81 9.19 MXN
USD/NOK 8.3176 8.3304 128.0 -5.76 -7.4 NOK
USD/PLN 3.7147 3.7335 187.8 -3.62 -2.43 PLN
USD/RUB 72.129 72.192 634.0 -45.41 -15.07 RUB
USD/SEK 8.32140 8.33210 107.0 -6.47 -7.96 SEK
USD/SGD 1.3267 1.3270 3.5 -1.08 -1.19 SGD
USD/TRY 8.4616 8.4816 199.8 -47.71 -21.71 TRY
USD/ZAR 13.776 13.797 209.0 -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)