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 0.9441 0.9448 7.1 -0.72 -0.72 CAD
AUD/CHF 0.6544 0.6546 2.7 -0.38 -0.68 CHF
AUD/JPY 74.7540 74.7790 2.5 -0.68 -0.63 JPY
AUD/NZD 1.0600 1.0603 3.0 -0.91 -0.92 NZD
AUD/USD 0.6943 0.6945 1.9 -0.51 -0.51 USD
CAD/CHF 0.6928 0.6933 4.7 -0.41 -0.74 CHF
CAD/JPY 79.1450 79.1940 4.9 -0.55 -0.7 JPY
CHF/JPY 114.20 114.24 3.4 -1.01 -0.66 JPY
EUR/AUD 1.6237 1.6239 2.7 -1.53 -1.36 AUD
EUR/CAD 1.5331 1.5338 7.3 -1.35 -0.86 CAD
EUR/CHF 1.0628 1.06300 1.8 -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 0.8974 0.8977 3.1 -0.8 -0.53 GBP
EUR/HKD 8.7393 8.7405 12.6 -9.98 -5.95 HKD
EUR/HUF 354.050 355.51 14,640.0 -4.1 -1.29 HUF
EUR/JPY 121.39 121.41 2.1 -0.98 -0.78 JPY
EUR/MXN 25.646 25.6630 161.0 -82.02 14.92 MXN
EUR/NOK 10.677 10.685 75.0 -8.46 -6.45 NOK
EUR/NZD 1.7213 1.72170 3.1 -1.75 -0.94 NZD
EUR/PLN 4.47140 4.47810 67.0 -4.81 -1.77 PLN
EUR/RUB 80.576 80.6950 1,182.0 -360.01 -91.01 RUB
EUR/SEK 10.424 10.436 120.0 -9 -7.06 SEK
EUR/SGD 1.5725 1.5735 10.5 -1.52 -1.12 SGD
EUR/TRY 7.7248 7.7535 287.3 -50.89 -21.39 TRY
EUR/USD 1.1276 1.1277 1.4 -0.97 -0.72 USD
EUR/ZAR 19.285 19.344 596.5 -60.66 -4.26 ZAR
GBP/AUD 1.8089 1.8092 2.8 -1.41 -1.35 AUD
GBP/CAD 1.7078 1.7089 10.5 -1.29 -1.26 CAD
GBP/CHF 1.1839 1.1843 3.3 -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 135.24 135.270 2.5 -1.05 -1.06 JPY
GBP/MXN 28.571 28.591 196.0 -87.94 16.66 MXN
GBP/NOK 11.894 11.904 97.7 -7.44 -11.16 NOK
GBP/NZD 1.9177 1.9181 4.4 -1.63 -1.38 NZD
GBP/PLN 4.9677 4.98970 219.2 -4.65 -3.01 PLN
GBP/SEK 11.609 11.629 202.5 -8 -9.2 SEK
GBP/SGD 1.7516 1.7531 15.5 -1.75 -1.67 SGD
GBP/TRY 8.6075 8.6366 291.1 -62.99 -32.33 TRY
GBP/USD 1.2562 1.2564 1.6 -0.89 -0.84 USD
GBP/ZAR 21.482 21.554 718.9 -64.44 -6.94 ZAR
NOK/SEK 0.97050 0.98050 100.0 -0.42 -1.06 SEK
NZD/CAD 0.8904 0.8912 8.5 -0.64 -0.74 CAD
NZD/CHF 0.6172 0.6175 2.8 -0.33 -0.67 CHF
NZD/JPY 70.5100 70.5360 2.6 -0.46 -0.63 JPY
NZD/SGD 0.9131 0.9142 10.5 -0.68 -0.79 SGD
NZD/USD 0.6549 0.6551 2.4 -0.46 -0.51 USD
USD/CAD 1.3597 1.3599 2.0 -0.99 -0.99 CAD
USD/CHF 0.9424 0.9426 2.0 -0.47 -1.19 CHF
USD/CNH 7.01470 7.01670 20.0 -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 7.7497 7.7505 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 107.64 107.66 1.7 -0.69 -0.88 JPY
USD/MXN 22.7420 22.755 137.2 -74.81 9.19 MXN
USD/NOK 9.4610 9.47590 148.6 -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 9.2382 9.25300 147.1 -6.47 -7.96 SEK
USD/SGD 1.3945 1.3949 4.1 -1.08 -1.19 SGD
USD/TRY 6.8485 6.86920 206.4 -47.71 -21.71 TRY
USD/ZAR 17.092 17.162 697.6 -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)