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 0.9356 0.9356 0.0 -0.72 -0.72 CAD
AUD/CHF 0.6431 0.6431 0.0 -0.38 -0.68 CHF
AUD/JPY 73.4830 73.4830 0.0 -0.68 -0.63 JPY
AUD/NZD 1.0618 1.0618 0.0 -0.91 -0.92 NZD
AUD/USD 0.7024 0.7024 0.0 -0.51 -0.51 USD
CAD/CHF 0.6874 0.6874 0.0 -0.41 -0.74 CHF
CAD/JPY 78.4910 78.4910 0.0 -0.55 -0.7 JPY
CHF/JPY 114.09 114.09 0.0 -1.01 -0.66 JPY
EUR/AUD 1.6560 1.6560 0.0 -1.53 -1.36 AUD
EUR/CAD 1.5507 1.5507 0.0 -1.35 -0.86 CAD
EUR/CHF 1.0672 1.0672 0.0 -0.83 -0.85 CHF
EUR/CZK 27.200 27.200 0.0 -2.61 -1.58 CZK
EUR/DKK 7.4428 7.4428 0.0 -5.11 -5.01 DKK
EUR/GBP 0.8983 0.8983 0.0 -0.8 -0.53 GBP
EUR/HKD 9.0243 9.0243 0.0 -9.98 -5.95 HKD
EUR/HUF 365.61 365.61 0.0 -4.1 -1.29 HUF
EUR/JPY 121.83 121.83 0.0 -0.98 -0.78 JPY
EUR/MXN 24.670 24.670 0.0 -82.02 14.92 MXN
EUR/NOK 11.084 11.084 0.0 -8.46 -6.45 NOK
EUR/NZD 1.7604 1.7604 0.0 -1.75 -0.94 NZD
EUR/PLN 4.59540 4.59540 0.0 -4.81 -1.77 PLN
EUR/RUB 92.4540 92.4540 0.0 -360.01 -91.01 RUB
EUR/SEK 10.349 10.349 0.0 -9 -7.06 SEK
EUR/SGD 1.5905 1.5905 0.0 -1.52 -1.12 SGD
EUR/TRY 9.7289 9.7289 0.0 -50.89 -21.39 TRY
EUR/USD 1.1643 1.1643 0.0 -0.97 -0.72 USD
EUR/ZAR 18.892 18.892 0.0 -60.66 -4.26 ZAR
GBP/AUD 1.8407 1.8407 0.0 -1.41 -1.35 AUD
GBP/CAD 1.72400 1.72400 0.0 -1.29 -1.26 CAD
GBP/CHF 1.1867 1.1867 0.0 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.1120 8.1120 0.0 -4.46 -6.96 DKK
GBP/HKD 10.066 10.066 0.0 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 135.44 135.44 0.0 -1.05 -1.06 JPY
GBP/MXN 27.431 27.431 0.0 -87.94 16.66 MXN
GBP/NOK 12.320 12.320 0.0 -7.44 -11.16 NOK
GBP/NZD 1.9570 1.9570 0.0 -1.63 -1.38 NZD
GBP/PLN 5.1149 5.1149 0.0 -4.65 -3.01 PLN
GBP/SEK 11.512 11.512 0.0 -8 -9.2 SEK
GBP/SGD 1.7684 1.7684 0.0 -1.75 -1.67 SGD
GBP/TRY 10.812 10.812 0.0 -62.99 -32.33 TRY
GBP/USD 1.2946 1.2946 0.0 -0.89 -0.84 USD
GBP/ZAR 21.059 21.059 0.0 -64.44 -6.94 ZAR
NOK/SEK 0.92750 0.92750 0.0 -0.42 -1.06 SEK
NZD/CAD 0.8795 0.8795 0.0 -0.64 -0.74 CAD
NZD/CHF 0.6049 0.6049 0.0 -0.33 -0.67 CHF
NZD/JPY 69.1260 69.1260 0.0 -0.46 -0.63 JPY
NZD/SGD 0.9011 0.9011 0.0 -0.68 -0.79 SGD
NZD/USD 0.6610 0.6610 0.0 -0.46 -0.51 USD
USD/CAD 1.3318 1.3318 0.0 -0.99 -0.99 CAD
USD/CHF 0.9166 0.9166 0.0 -0.47 -1.19 CHF
USD/CNH 6.69160 6.69160 0.0 -13.73 -8.83 CNH
USD/CZK 23.347 23.347 0.0 -2.7 -1.5 CZK
USD/DKK 6.3866 6.3866 0.0 -3.35 -5.85 DKK
USD/HKD 7.7498 7.7498 0.0 -8.7 -3.76 HKD
USD/HUF 313.90 313.90 0.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 104.60 104.60 0.0 -0.69 -0.88 JPY
USD/MXN 21.177 21.177 0.0 -74.81 9.19 MXN
USD/NOK 9.4623 9.4623 0.0 -5.76 -7.4 NOK
USD/PLN 3.9500 3.9500 0.0 -3.62 -2.43 PLN
USD/RUB 79.415 79.415 0.0 -45.41 -15.07 RUB
USD/SEK 8.8886 8.8886 0.0 -6.47 -7.96 SEK
USD/SGD 1.3656 1.3656 0.0 -1.08 -1.19 SGD
USD/TRY 8.32020 8.32020 0.0 -47.71 -21.71 TRY
USD/ZAR 16.194 16.194 0.0 -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(16:59 GMT-05)