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 0.92900 0.9294 4.1 -0.72 -0.72 CAD
AUD/CHF 0.6901 0.6905 3.8 -0.38 -0.68 CHF
AUD/JPY 85.5780 85.6030 2.5 -0.68 -0.63 JPY
AUD/NZD 1.0479 1.0483 3.7 -0.91 -0.92 NZD
AUD/USD 0.7517 0.7519 2.0 -0.51 -0.51 USD
CAD/CHF 0.7428 0.7431 3.4 -0.41 -0.74 CHF
CAD/JPY 92.0960 92.1260 3.0 -0.55 -0.7 JPY
CHF/JPY 123.95 123.99 3.5 -1.01 -0.66 JPY
EUR/AUD 1.5426 1.5430 3.3 -1.53 -1.36 AUD
EUR/CAD 1.4334 1.4338 3.6 -1.35 -0.86 CAD
EUR/CHF 1.0650 1.0652 2.4 -0.83 -0.85 CHF
EUR/CZK 25.620 25.819 1,989.0 -2.61 -1.58 CZK
EUR/DKK 7.43760 7.4414 38.9 -5.11 -5.01 DKK
EUR/GBP 0.8442 0.8444 2.2 -0.8 -0.53 GBP
EUR/HKD 9.0193 9.03100 116.4 -9.98 -5.95 HKD
EUR/HUF 362.37 365.32 29,570.0 -4.1 -1.29 HUF
EUR/JPY 132.04 132.06 2.1 -0.98 -0.78 JPY
EUR/MXN 23.5430 23.593 507.0 -82.02 14.92 MXN
EUR/NOK 9.7657 9.7719 62.2 -8.46 -6.45 NOK
EUR/NZD 1.6168 1.6174 6.3 -1.75 -0.94 NZD
EUR/PLN 4.6206 4.6256 49.4 -4.81 -1.77 PLN
EUR/RUB 81.909 82.038 1,289.0 -360.01 -91.01 RUB
EUR/SEK 9.9556 9.9614 57.9 -9 -7.06 SEK
EUR/SGD 1.56390 1.5652 13.2 -1.52 -1.12 SGD
EUR/TRY 11.001 11.065 642.7 -50.89 -21.39 TRY
EUR/USD 1.1599 1.1600 1.4 -0.97 -0.72 USD
EUR/ZAR 17.469 17.507 378.5 -60.66 -4.26 ZAR
GBP/AUD 1.82700 1.8273 3.9 -1.41 -1.35 AUD
GBP/CAD 1.6976 1.6980 4.4 -1.29 -1.26 CAD
GBP/CHF 1.26100 1.2618 8.4 -0.62 -1.15 CHF
GBP/DKK 8.8036 8.80900 53.1 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/JPY 156.38 156.40 2.5 -1.05 -1.06 JPY
GBP/MXN 27.905 27.917 119.6 -87.94 16.66 MXN
GBP/NOK 11.563 11.573 101.2 -7.44 -11.16 NOK
GBP/NZD 1.9146 1.9157 11.6 -1.63 -1.38 NZD
GBP/PLN 5.4524 5.4908 384.1 -4.65 -3.01 PLN
GBP/SEK 11.786 11.802 153.0 -8 -9.2 SEK
GBP/SGD 1.85200 1.8538 18.2 -1.75 -1.67 SGD
GBP/TRY 13.047 13.103 566.5 -62.99 -32.33 TRY
GBP/USD 1.3737 1.3738 1.6 -0.89 -0.84 USD
GBP/ZAR 20.686 20.736 507.2 -64.44 -6.94 ZAR
NOK/SEK 1.01750 1.02900 115.0 -0.42 -1.06 SEK
NZD/CAD 0.8861 0.8869 8.1 -0.64 -0.74 CAD
NZD/CHF 0.6584 0.6587 3.8 -0.33 -0.67 CHF
NZD/JPY 81.6400 81.6730 3.3 -0.46 -0.63 JPY
NZD/SGD 0.9668 0.9681 12.7 -0.68 -0.79 SGD
NZD/USD 0.7171 0.7174 2.8 -0.46 -0.51 USD
USD/CAD 1.2357 1.2359 2.2 -0.99 -0.99 CAD
USD/CHF 0.9181 0.9183 1.9 -0.47 -1.19 CHF
USD/CNH 6.39270 6.39510 24.0 -13.73 -8.83 CNH
USD/CZK 22.0970 22.273 1,765.0 -2.7 -1.5 CZK
USD/DKK 6.4112 6.4163 51.1 -3.35 -5.85 DKK
USD/HKD 7.7784 7.7788 4.2 -8.7 -3.76 HKD
USD/HUF 312.31 314.96 26,490.0 -3.41 -2.11 HUF
USD/JPY 113.83 113.84 1.7 -0.69 -0.88 JPY
USD/MXN 20.314 20.318 43.1 -74.81 9.19 MXN
USD/NOK 8.4129 8.4299 169.9 -5.76 -7.4 NOK
USD/PLN 3.9712 3.9958 246.6 -3.62 -2.43 PLN
USD/RUB 70.625 70.701 759.0 -45.41 -15.07 RUB
USD/SEK 8.5801 8.5906 105.8 -6.47 -7.96 SEK
USD/SGD 1.3485 1.3489 3.2 -1.08 -1.19 SGD
USD/TRY 9.48480 9.50810 233.0 -47.71 -21.71 TRY
USD/ZAR 15.063 15.091 275.7 -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)