Trading

Spread and Swap

The difference between bid and ask price is called "spread". Example: EUR/USD is trading at BID price of 1.28007, and ASK price of 1.28021, the difference (1.4 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 0.9806 0.9810 4.2 -0.72 -0.72 CAD
AUD/CHF 0.6890 0.6892 2.6 -0.38 -0.68 CHF
AUD/JPY 80.3820 80.4060 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0769 1.0772 3.0 -0.91 -0.92 NZD
AUD/USD 0.7773 0.7775 1.9 -0.51 -0.51 USD
CAD/CHF 0.7024 0.7027 2.8 -0.41 -0.74 CHF
CAD/JPY 81.9520 81.9780 2.6 -0.55 -0.7 JPY
CHF/JPY 116.64 116.67 2.9 -1.01 -0.66 JPY
EUR/AUD 1.5619 1.5621 2.7 -1.53 -1.36 AUD
EUR/CAD 1.5318 1.5323 4.7 -1.35 -0.86 CAD
EUR/CHF 1.07640 1.0765 1.6 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.0 -2.61 -1.58 CZK
EUR/DKK 7.4387 7.4406 19.0 -5.11 -5.01 DKK
EUR/GBP 0.8851 0.8853 2.4 -0.8 -0.53 GBP
EUR/HKD 9.4128 9.4145 16.9 -9.98 -5.95 HKD
EUR/HUF 356.14 358.47 23,360.0 -4.1 -1.29 HUF
EUR/JPY 125.57 125.58 1.7 -0.98 -0.78 JPY
EUR/MXN 23.767 23.772 53.0 -82.02 14.92 MXN
EUR/NOK 10.232 10.237 45.0 -8.46 -6.45 NOK
EUR/NZD 1.6825 1.68280 2.7 -1.75 -0.94 NZD
EUR/PLN 4.52590 4.52940 35.0 -4.81 -1.77 PLN
EUR/RUB 89.581 89.709 1,284.0 -360.01 -91.01 RUB
EUR/SEK 10.087 10.091 44.0 -9 -7.06 SEK
EUR/SGD 1.60590 1.6064 5.1 -1.52 -1.12 SGD
EUR/TRY 8.93380 8.9619 281.1 -50.89 -21.39 TRY
EUR/USD 1.2143 1.2144 1.4 -0.97 -0.72 USD
EUR/ZAR 17.957 17.996 393.3 -60.66 -4.26 ZAR
GBP/AUD 1.7643 1.7646 3.0 -1.41 -1.35 AUD
GBP/CAD 1.7303 1.7309 6.2 -1.29 -1.26 CAD
GBP/CHF 1.2158 1.2161 3.3 -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 141.84 141.86 2.2 -1.05 -1.06 JPY
GBP/MXN 26.847 26.853 58.6 -87.94 16.66 MXN
GBP/NOK 11.559 11.563 46.9 -7.44 -11.16 NOK
GBP/NZD 1.9003 1.9009 5.8 -1.63 -1.38 NZD
GBP/PLN 5.0922 5.12060 283.1 -4.65 -3.01 PLN
GBP/SEK 11.394 11.399 46.7 -8 -9.2 SEK
GBP/SGD 1.8140 1.8145 5.4 -1.75 -1.67 SGD
GBP/TRY 10.091 10.123 312.2 -62.99 -32.33 TRY
GBP/USD 1.3716 1.3718 1.8 -0.89 -0.84 USD
GBP/ZAR 20.282 20.330 477.6 -64.44 -6.94 ZAR
NOK/SEK 0.98000 0.98600 60.0 -0.42 -1.06 SEK
NZD/CAD 0.9101 0.9109 7.8 -0.64 -0.74 CAD
NZD/CHF 0.6396 0.6398 2.7 -0.33 -0.67 CHF
NZD/JPY 74.6220 74.6450 2.3 -0.46 -0.63 JPY
NZD/SGD 0.9540 0.9550 10.7 -0.68 -0.79 SGD
NZD/USD 0.7216 0.7218 2.3 -0.46 -0.51 USD
USD/CAD 1.2615 1.2617 2.0 -0.99 -0.99 CAD
USD/CHF 0.8863 0.8865 1.8 -0.47 -1.19 CHF
USD/CNH 6.46090 6.46280 19.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.1247 6.1272 25.1 -3.35 -5.85 DKK
USD/HKD 7.7514 7.7519 5.1 -8.7 -3.76 HKD
USD/HUF 293.30 295.22 19,170.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 103.40 103.41 1.4 -0.69 -0.88 JPY
USD/MXN 19.571 19.575 36.9 -74.81 9.19 MXN
USD/NOK 8.4212 8.4344 132.6 -5.76 -7.4 NOK
USD/PLN 3.7177 3.7377 200.0 -3.62 -2.43 PLN
USD/RUB 73.780 73.866 859.0 -45.41 -15.07 RUB
USD/SEK 8.30110 8.31630 152.0 -6.47 -7.96 SEK
USD/SGD 1.3224 1.3227 3.6 -1.08 -1.19 SGD
USD/TRY 7.3569 7.36150 45.5 -47.71 -21.71 TRY
USD/ZAR 14.795 14.808 132.8 -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(16:59 GMT-05)