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 0.9822 0.9826 4.6 -0.72 -0.72 CAD
AUD/CHF 0.6843 0.6845 2.6 -0.38 -0.68 CHF
AUD/JPY 80.2210 80.2450 2.4 -0.68 -0.63 JPY
AUD/NZD 1.07290 1.0731 2.6 -0.91 -0.92 NZD
AUD/USD 0.7731 0.7733 1.8 -0.51 -0.51 USD
CAD/CHF 0.6965 0.6968 3.6 -0.41 -0.74 CHF
CAD/JPY 81.6540 81.6810 2.7 -0.55 -0.7 JPY
CHF/JPY 117.20 117.23 3.1 -1.01 -0.66 JPY
EUR/AUD 1.5746 1.5748 2.6 -1.53 -1.36 AUD
EUR/CAD 1.5468 1.5473 4.9 -1.35 -0.86 CAD
EUR/CHF 1.0777 1.0779 1.8 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.0 -2.61 -1.58 CZK
EUR/DKK 7.4374 7.4403 28.6 -5.11 -5.01 DKK
EUR/GBP 0.88840 0.8886 2.5 -0.8 -0.53 GBP
EUR/HKD 9.4372 9.43980 25.1 -9.98 -5.95 HKD
EUR/HUF 357.050 359.550 25,000.0 -4.1 -1.29 HUF
EUR/JPY 126.33 126.35 1.8 -0.98 -0.78 JPY
EUR/MXN 24.257 24.266 89.0 -82.02 14.92 MXN
EUR/NOK 10.3270 10.3360 90.0 -8.46 -6.45 NOK
EUR/NZD 1.6895 1.6898 3.0 -1.75 -0.94 NZD
EUR/PLN 4.53620 4.54150 53.0 -4.81 -1.77 PLN
EUR/RUB 91.552 91.781 2,288.0 -360.01 -91.01 RUB
EUR/SEK 10.089 10.095 60.0 -9 -7.06 SEK
EUR/SGD 1.6146 1.61520 5.1 -1.52 -1.12 SGD
EUR/TRY 9.01850 9.05950 410.0 -50.89 -21.39 TRY
EUR/USD 1.2175 1.2176 1.3 -0.97 -0.72 USD
EUR/ZAR 18.398 18.429 315.2 -60.66 -4.26 ZAR
GBP/AUD 1.77210 1.77240 3.0 -1.41 -1.35 AUD
GBP/CAD 1.7408 1.7414 6.6 -1.29 -1.26 CAD
GBP/CHF 1.2128 1.2131 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 142.18 142.20 2.3 -1.05 -1.06 JPY
GBP/MXN 27.300 27.309 87.3 -87.94 16.66 MXN
GBP/NOK 11.622 11.633 114.9 -7.44 -11.16 NOK
GBP/NZD 1.9014 1.9018 4.6 -1.63 -1.38 NZD
GBP/PLN 5.0817 5.11000 282.5 -4.65 -3.01 PLN
GBP/SEK 11.355 11.363 76.6 -8 -9.2 SEK
GBP/SGD 1.8172 1.8178 5.8 -1.75 -1.67 SGD
GBP/TRY 10.150 10.195 446.0 -62.99 -32.33 TRY
GBP/USD 1.3702 1.3704 2.0 -0.89 -0.84 USD
GBP/ZAR 20.705 20.742 373.1 -64.44 -6.94 ZAR
NOK/SEK 0.97450 0.97950 50.0 -0.42 -1.06 SEK
NZD/CAD 0.9153 0.9159 5.8 -0.64 -0.74 CAD
NZD/CHF 0.6377 0.6380 2.7 -0.33 -0.67 CHF
NZD/JPY 74.7610 74.7870 2.6 -0.46 -0.63 JPY
NZD/SGD 0.9555 0.9559 4.4 -0.68 -0.79 SGD
NZD/USD 0.7204 0.7207 2.4 -0.46 -0.51 USD
USD/CAD 1.2704 1.2706 2.1 -0.99 -0.99 CAD
USD/CHF 0.8851 0.8852 1.7 -0.47 -1.19 CHF
USD/CNH 6.48540 6.48730 19.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.1042 6.1131 89.1 -3.35 -5.85 DKK
USD/HKD 7.7513 7.7520 6.9 -8.7 -3.76 HKD
USD/HUF 292.58 294.49 19,120.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 103.75 103.77 1.4 -0.69 -0.88 JPY
USD/MXN 19.922 19.928 66.3 -74.81 9.19 MXN
USD/NOK 8.4782 8.4897 114.3 -5.76 -7.4 NOK
USD/PLN 3.7240 3.7440 199.9 -3.62 -2.43 PLN
USD/RUB 74.876 74.933 574.0 -45.41 -15.07 RUB
USD/SEK 8.2834 8.2933 98.7 -6.47 -7.96 SEK
USD/SGD 1.3261 1.32650 3.3 -1.08 -1.19 SGD
USD/TRY 7.4114 7.4291 177.4 -47.71 -21.71 TRY
USD/ZAR 15.108 15.139 312.6 -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)