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 0.9541 0.9545 4.1 -0.72 -0.72 CAD
AUD/CHF 0.6604 0.6607 2.5 -0.38 -0.68 CHF
AUD/JPY 75.6540 75.6780 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0830 1.0833 3.5 -0.91 -0.92 NZD
AUD/USD 0.7172 0.7174 1.8 -0.51 -0.51 USD
CAD/CHF 0.6920 0.6923 2.6 -0.41 -0.74 CHF
CAD/JPY 79.2710 79.2960 2.5 -0.55 -0.7 JPY
CHF/JPY 114.52 114.55 2.8 -1.01 -0.66 JPY
EUR/AUD 1.6340 1.6342 2.5 -1.53 -1.36 AUD
EUR/CAD 1.5594 1.5597 3.2 -1.35 -0.86 CAD
EUR/CHF 1.0794 1.0796 1.9 -0.83 -0.85 CHF
EUR/CZK 27.014 27.109 950.0 -2.61 -1.58 CZK
EUR/DKK 7.4446 7.4475 28.8 -5.11 -5.01 DKK
EUR/GBP 0.9077 0.9079 2.4 -0.8 -0.53 GBP
EUR/HKD 9.08340 9.08700 36.0 -9.98 -5.95 HKD
EUR/HUF 362.16 364.67 25,160.0 -4.1 -1.29 HUF
EUR/JPY 123.63 123.65 1.9 -0.98 -0.78 JPY
EUR/MXN 25.859 25.872 126.0 -82.02 14.92 MXN
EUR/NOK 10.936 10.939 31.6 -8.46 -6.45 NOK
EUR/NZD 1.7700 1.7703 3.2 -1.75 -0.94 NZD
EUR/PLN 4.52390 4.52700 31.0 -4.81 -1.77 PLN
EUR/RUB 90.907 91.068 1,615.0 -360.01 -91.01 RUB
EUR/SEK 10.496 10.500 36.0 -9 -7.06 SEK
EUR/SGD 1.5995 1.6002 7.1 -1.52 -1.12 SGD
EUR/TRY 9.0309 9.0993 684.2 -50.89 -21.39 TRY
EUR/USD 1.1721 1.1722 1.4 -0.97 -0.72 USD
EUR/ZAR 19.534 19.579 450.4 -60.66 -4.26 ZAR
GBP/AUD 1.7999 1.8001 2.6 -1.41 -1.35 AUD
GBP/CAD 1.7177 1.71810 3.8 -1.29 -1.26 CAD
GBP/CHF 1.1889 1.1892 2.9 -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 136.19 136.21 2.0 -1.05 -1.06 JPY
GBP/MXN 28.485 28.499 140.2 -87.94 16.66 MXN
GBP/NOK 12.045 12.049 43.3 -7.44 -11.16 NOK
GBP/NZD 1.9495 1.9500 4.4 -1.63 -1.38 NZD
GBP/PLN 4.9740 4.9984 243.7 -4.65 -3.01 PLN
GBP/SEK 11.562 11.566 36.1 -8 -9.2 SEK
GBP/SGD 1.7619 1.7627 7.5 -1.75 -1.67 SGD
GBP/TRY 9.9510 10.019 688.3 -62.99 -32.33 TRY
GBP/USD 1.2911 1.29130 1.6 -0.89 -0.84 USD
GBP/ZAR 21.515 21.568 534.4 -64.44 -6.94 ZAR
NOK/SEK 0.95550 0.96450 90.0 -0.42 -1.06 SEK
NZD/CAD 0.8806 0.8814 7.9 -0.64 -0.74 CAD
NZD/CHF 0.6097 0.6099 2.4 -0.33 -0.67 CHF
NZD/JPY 69.8400 69.8660 2.6 -0.46 -0.63 JPY
NZD/SGD 0.9033 0.9043 9.9 -0.68 -0.79 SGD
NZD/USD 0.6621 0.6623 2.4 -0.46 -0.51 USD
USD/CAD 1.3303 1.3305 2.1 -0.99 -0.99 CAD
USD/CHF 0.9208 0.9210 1.5 -0.47 -1.19 CHF
USD/CNH 6.78050 6.78240 19.0 -13.73 -8.83 CNH
USD/CZK 23.050 23.144 935.0 -2.7 -1.5 CZK
USD/DKK 6.3508 6.3543 34.6 -3.35 -5.85 DKK
USD/HKD 7.7497 7.7503 5.9 -8.7 -3.76 HKD
USD/HUF 309.410 311.00 15,920.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 105.47 105.490 1.5 -0.69 -0.88 JPY
USD/MXN 22.063 22.070 72.5 -74.81 9.19 MXN
USD/NOK 9.3248 9.3374 125.7 -5.76 -7.4 NOK
USD/PLN 3.8537 3.8704 167.5 -3.62 -2.43 PLN
USD/RUB 77.562 77.678 1,159.0 -45.41 -15.07 RUB
USD/SEK 8.95130 8.96110 98.0 -6.47 -7.96 SEK
USD/SGD 1.3645 1.3650 4.5 -1.08 -1.19 SGD
USD/TRY 7.7113 7.7496 382.3 -47.71 -21.71 TRY
USD/ZAR 16.676 16.704 284.9 -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)