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 0.9178 0.9186 8.8 -0.72 -0.72 CAD
AUD/CHF 0.6857 0.6864 7.0 -0.38 -0.68 CHF
AUD/JPY 84.9380 84.9720 3.4 -0.68 -0.63 JPY
AUD/NZD 1.0477 1.0481 4.4 -0.91 -0.92 NZD
AUD/USD 0.7429 0.7432 2.9 -0.51 -0.51 USD
CAD/CHF 0.7469 0.7475 6.1 -0.41 -0.74 CHF
CAD/JPY 92.4910 92.5450 5.4 -0.55 -0.7 JPY
CHF/JPY 123.77 123.85 8.6 -1.01 -0.66 JPY
EUR/AUD 1.5609 1.5616 6.7 -1.53 -1.36 AUD
EUR/CAD 1.4334 1.4342 8.3 -1.35 -0.86 CAD
EUR/CHF 1.0711 1.07150 3.1 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4393 7.4422 29.2 -5.11 -5.01 DKK
EUR/GBP 0.8431 0.8435 4.4 -0.8 -0.53 GBP
EUR/HKD 9.0212 9.0281 69.2 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.0 -4.1 -1.29 HUF
EUR/JPY 132.63 132.66 2.3 -0.98 -0.78 JPY
EUR/MXN 23.530 23.614 841.0 -82.02 14.92 MXN
EUR/NOK 9.7486 9.8008 521.7 -8.46 -6.45 NOK
EUR/NZD 1.6358 1.6367 9.6 -1.75 -0.94 NZD
EUR/PLN 4.5559 4.5679 119.2 -4.81 -1.77 PLN
EUR/RUB 82.298 82.5120 2,139.0 -360.01 -91.01 RUB
EUR/SEK 9.9775 10.008 305.5 -9 -7.06 SEK
EUR/SGD 1.5626 1.5660 33.9 -1.52 -1.12 SGD
EUR/TRY 10.719 10.7790 597.1 -50.89 -21.39 TRY
EUR/USD 1.1601 1.1605 3.7 -0.97 -0.72 USD
EUR/ZAR 16.944 16.997 530.5 -60.66 -4.26 ZAR
GBP/AUD 1.8504 1.8523 18.3 -1.41 -1.35 AUD
GBP/CAD 1.6993 1.7006 12.4 -1.29 -1.26 CAD
GBP/CHF 1.2697 1.2708 10.8 -0.62 -1.15 CHF
GBP/DKK 8.8218 8.8271 53.3 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/JPY 157.24 157.29 5.3 -1.05 -1.06 JPY
GBP/MXN 27.902 28.003 1,011.2 -87.94 16.66 MXN
GBP/NOK 11.517 11.665 1,482.6 -7.44 -11.16 NOK
GBP/NZD 1.9394 1.9408 14.7 -1.63 -1.38 NZD
GBP/PLN 5.4163 5.4455 292.5 -4.65 -3.01 PLN
GBP/SEK 11.815 11.850 349.3 -8 -9.2 SEK
GBP/SGD 1.8525 1.8566 41.3 -1.75 -1.67 SGD
GBP/TRY 12.708 12.781 736.1 -62.99 -32.33 TRY
GBP/USD 1.3753 1.3757 4.3 -0.89 -0.84 USD
GBP/ZAR 20.082 20.149 669.5 -64.44 -6.94 ZAR
NOK/SEK 1.02100 1.02750 65.0 -0.42 -1.06 SEK
NZD/CAD 0.8758 0.8765 6.9 -0.64 -0.74 CAD
NZD/CHF 0.6544 0.6550 5.6 -0.33 -0.67 CHF
NZD/JPY 81.0430 81.0960 5.3 -0.46 -0.63 JPY
NZD/SGD 0.9548 0.9570 22.2 -0.68 -0.79 SGD
NZD/USD 0.7089 0.7092 3.3 -0.46 -0.51 USD
USD/CAD 1.2355 1.2359 4.0 -0.99 -0.99 CAD
USD/CHF 0.9232 0.9234 2.7 -0.47 -1.19 CHF
USD/CNH 6.43020 6.43880 86.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.40760 6.4164 88.3 -3.35 -5.85 DKK
USD/HKD 7.7765 7.7787 22.0 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.0 -3.41 -2.11 HUF
USD/JPY 114.31 114.33 2.1 -0.69 -0.88 JPY
USD/MXN 20.310 20.328 174.6 -74.81 9.19 MXN
USD/NOK 8.4028 8.4478 450.7 -5.76 -7.4 NOK
USD/PLN 3.92640 3.9453 189.7 -3.62 -2.43 PLN
USD/RUB 70.979 71.108 1,294.0 -45.41 -15.07 RUB
USD/SEK 8.6012 8.62600 247.6 -6.47 -7.96 SEK
USD/SGD 1.3472 1.3491 18.7 -1.08 -1.19 SGD
USD/TRY 9.2343 9.2868 525.6 -47.71 -21.71 TRY
USD/ZAR 14.601 14.649 477.4 -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)