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 0.9437 0.9444 6.8 -0.72 -0.72 CAD
AUD/CHF 0.6536 0.6539 2.7 -0.38 -0.68 CHF
AUD/JPY 74.6370 74.6600 2.3 -0.68 -0.63 JPY
AUD/NZD 1.0590 1.0593 3.0 -0.91 -0.92 NZD
AUD/USD 0.6934 0.6936 1.9 -0.51 -0.51 USD
CAD/CHF 0.6923 0.6928 4.9 -0.41 -0.74 CHF
CAD/JPY 79.0490 79.1000 5.1 -0.55 -0.7 JPY
CHF/JPY 114.15 114.19 4.5 -1.01 -0.66 JPY
EUR/AUD 1.6248 1.62510 2.8 -1.53 -1.36 AUD
EUR/CAD 1.5335 1.5343 7.8 -1.35 -0.86 CAD
EUR/CHF 1.06230 1.06250 2.0 -0.83 -0.85 CHF
EUR/CZK 26.637 26.7380 1,009.0 -2.61 -1.58 CZK
EUR/DKK 7.4479 7.4510 31.3 -5.11 -5.01 DKK
EUR/GBP 0.8977 0.8980 2.7 -0.8 -0.53 GBP
EUR/HKD 8.7338 8.7351 12.3 -9.98 -5.95 HKD
EUR/HUF 354.050 355.51 14,640.0 -4.1 -1.29 HUF
EUR/JPY 121.290 121.31 2.1 -0.98 -0.78 JPY
EUR/MXN 25.690 25.707 174.0 -82.02 14.92 MXN
EUR/NOK 10.686 10.699 138.0 -8.46 -6.45 NOK
EUR/NZD 1.7208 1.7212 4.0 -1.75 -0.94 NZD
EUR/PLN 4.47160 4.47900 74.0 -4.81 -1.77 PLN
EUR/RUB 80.576 80.6950 1,182.0 -360.01 -91.01 RUB
EUR/SEK 10.4360 10.444 88.0 -9 -7.06 SEK
EUR/SGD 1.5730 1.5741 10.7 -1.52 -1.12 SGD
EUR/TRY 7.72380 7.7488 250.2 -50.89 -21.39 TRY
EUR/USD 1.1269 1.12710 1.6 -0.97 -0.72 USD
EUR/ZAR 19.320 19.371 511.4 -60.66 -4.26 ZAR
GBP/AUD 1.8095 1.8098 2.9 -1.41 -1.35 AUD
GBP/CAD 1.7078 1.7089 11.1 -1.29 -1.26 CAD
GBP/CHF 1.1830 1.1833 3.1 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.2702 8.2754 52.2 -4.46 -6.96 DKK
GBP/HKD 9.56900 9.5721 31.7 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 135.080 135.10 2.1 -1.05 -1.06 JPY
GBP/MXN 28.610 28.630 197.4 -87.94 16.66 MXN
GBP/NOK 11.900 11.916 158.8 -7.44 -11.16 NOK
GBP/NZD 1.9164 1.91700 5.3 -1.63 -1.38 NZD
GBP/PLN 4.9677 4.98970 219.2 -4.65 -3.01 PLN
GBP/SEK 11.622 11.6330 104.7 -8 -9.2 SEK
GBP/SGD 1.75170 1.7531 14.4 -1.75 -1.67 SGD
GBP/TRY 8.6034 8.6282 247.9 -62.99 -32.33 TRY
GBP/USD 1.2550 1.2552 1.7 -0.89 -0.84 USD
GBP/ZAR 21.515 21.576 608.6 -64.44 -6.94 ZAR
NOK/SEK 0.97050 0.98050 100.0 -0.42 -1.06 SEK
NZD/CAD 0.8908 0.89170 8.3 -0.64 -0.74 CAD
NZD/CHF 0.6171 0.6174 3.1 -0.33 -0.67 CHF
NZD/JPY 70.4650 70.4950 3.0 -0.46 -0.63 JPY
NZD/SGD 0.9137 0.9147 9.9 -0.68 -0.79 SGD
NZD/USD 0.6547 0.6549 2.7 -0.46 -0.51 USD
USD/CAD 1.3610 1.3612 1.9 -0.99 -0.99 CAD
USD/CHF 0.9425 0.9427 2.0 -0.47 -1.19 CHF
USD/CNH 7.02310 7.02540 23.0 -13.73 -8.83 CNH
USD/CZK 23.575 23.679 1,039.0 -2.7 -1.5 CZK
USD/DKK 6.6001 6.6119 118.1 -3.35 -5.85 DKK
USD/HKD 7.7496 7.7504 8.2 -8.7 -3.76 HKD
USD/HUF 312.40 314.18 17,780.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 107.62 107.63 1.5 -0.69 -0.88 JPY
USD/MXN 22.794 22.810 156.7 -74.81 9.19 MXN
USD/NOK 9.4773 9.49400 166.4 -5.76 -7.4 NOK
USD/PLN 3.9562 3.9711 148.7 -3.62 -2.43 PLN
USD/RUB 71.405 71.495 899.0 -45.41 -15.07 RUB
USD/SEK 9.25420 9.27340 192.0 -6.47 -7.96 SEK
USD/SGD 1.3959 1.3963 4.1 -1.08 -1.19 SGD
USD/TRY 6.8519 6.8696 177.1 -47.71 -21.71 TRY
USD/ZAR 17.136 17.195 590.0 -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)