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 0.9283 0.9288 4.9 -0.72 -0.72 CAD
AUD/CHF 0.6401 0.6404 3.0 -0.38 -0.68 CHF
AUD/JPY 74.2510 74.2750 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0696 1.0699 3.5 -0.91 -0.92 NZD
AUD/USD 0.7035 0.7038 2.2 -0.51 -0.51 USD
CAD/CHF 0.6894 0.6897 3.7 -0.41 -0.74 CHF
CAD/JPY 79.9590 79.9930 3.4 -0.55 -0.7 JPY
CHF/JPY 115.96 115.990 2.9 -1.01 -0.66 JPY
EUR/AUD 1.6730 1.6733 3.5 -1.53 -1.36 AUD
EUR/CAD 1.5534 1.55390 4.6 -1.35 -0.86 CAD
EUR/CHF 1.07130 1.0715 2.2 -0.83 -0.85 CHF
EUR/CZK 27.211 27.313 1,014.0 -2.61 -1.58 CZK
EUR/DKK 7.4409 7.4438 29.6 -5.11 -5.01 DKK
EUR/GBP 0.9097 0.9100 3.0 -0.8 -0.53 GBP
EUR/HKD 9.1243 9.1259 15.9 -9.98 -5.95 HKD
EUR/HUF 363.73 366.32 25,950.0 -4.1 -1.29 HUF
EUR/JPY 124.24 124.26 2.1 -0.98 -0.78 JPY
EUR/MXN 25.006 25.013 74.0 -82.02 14.92 MXN
EUR/NOK 10.9970 11.002 53.0 -8.46 -6.45 NOK
EUR/NZD 1.7897 1.7902 5.1 -1.75 -0.94 NZD
EUR/PLN 4.57320 4.57810 49.0 -4.81 -1.77 PLN
EUR/RUB 91.5160 91.717 2,017.0 -360.01 -91.01 RUB
EUR/SEK 10.394 10.400 62.0 -9 -7.06 SEK
EUR/SGD 1.5975 1.5981 6.2 -1.52 -1.12 SGD
EUR/TRY 9.2743 9.30240 280.9 -50.89 -21.39 TRY
EUR/USD 1.1773 1.1775 1.5 -0.97 -0.72 USD
EUR/ZAR 19.468 19.495 271.4 -60.66 -4.26 ZAR
GBP/AUD 1.8387 1.8391 3.5 -1.41 -1.35 AUD
GBP/CAD 1.7072 1.7078 5.9 -1.29 -1.26 CAD
GBP/CHF 1.1773 1.1776 3.2 -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 136.55 136.57 2.0 -1.05 -1.06 JPY
GBP/MXN 27.483 27.489 57.7 -87.94 16.66 MXN
GBP/NOK 12.084 12.092 79.8 -7.44 -11.16 NOK
GBP/NZD 1.9669 1.9674 4.5 -1.63 -1.38 NZD
GBP/PLN 5.0279 5.0551 272.0 -4.65 -3.01 PLN
GBP/SEK 11.421 11.431 94.0 -8 -9.2 SEK
GBP/SGD 1.7558 1.75650 6.6 -1.75 -1.67 SGD
GBP/TRY 10.193 10.223 297.4 -62.99 -32.33 TRY
GBP/USD 1.2940 1.2941 1.6 -0.89 -0.84 USD
GBP/ZAR 21.396 21.427 313.5 -64.44 -6.94 ZAR
NOK/SEK 0.94150 0.95050 90.0 -0.42 -1.06 SEK
NZD/CAD 0.8677 0.8682 5.3 -0.64 -0.74 CAD
NZD/CHF 0.5984 0.5987 2.6 -0.33 -0.67 CHF
NZD/JPY 69.4080 69.4340 2.6 -0.46 -0.63 JPY
NZD/SGD 0.8924 0.8929 4.6 -0.68 -0.79 SGD
NZD/USD 0.65770 0.6579 2.5 -0.46 -0.51 USD
USD/CAD 1.3194 1.3196 2.0 -0.99 -0.99 CAD
USD/CHF 0.9098 0.9100 1.8 -0.47 -1.19 CHF
USD/CNH 6.67650 6.67830 18.0 -13.73 -8.83 CNH
USD/CZK 23.091 23.1860 946.0 -2.7 -1.5 CZK
USD/DKK 6.3194 6.3229 35.0 -3.35 -5.85 DKK
USD/HKD 7.7498 7.7501 3.4 -8.7 -3.76 HKD
USD/HUF 309.03 310.59 15,670.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 105.52 105.53 1.4 -0.69 -0.88 JPY
USD/MXN 21.238 21.242 39.3 -74.81 9.19 MXN
USD/NOK 9.3334 9.3499 165.2 -5.76 -7.4 NOK
USD/PLN 3.8761 3.8901 140.0 -3.62 -2.43 PLN
USD/RUB 77.783 77.935 1,514.0 -45.41 -15.07 RUB
USD/SEK 8.8267 8.8338 71.6 -6.47 -7.96 SEK
USD/SGD 1.3568 1.3572 3.3 -1.08 -1.19 SGD
USD/TRY 7.8815 7.8932 116.9 -47.71 -21.71 TRY
USD/ZAR 16.530 16.561 303.4 -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)