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 0.9382 0.9386 3.9 -0.72 -0.72 CAD
AUD/CHF 0.64540 0.6456 2.7 -0.38 -0.68 CHF
AUD/JPY 73.6630 73.6860 2.3 -0.68 -0.63 JPY
AUD/NZD 1.0597 1.0600 2.6 -0.91 -0.92 NZD
AUD/USD 0.7051 0.7053 1.8 -0.51 -0.51 USD
CAD/CHF 0.6877 0.6880 3.0 -0.41 -0.74 CHF
CAD/JPY 78.4980 78.5250 2.7 -0.55 -0.7 JPY
CHF/JPY 114.11 114.14 3.1 -1.01 -0.66 JPY
EUR/AUD 1.6564 1.6567 2.6 -1.53 -1.36 AUD
EUR/CAD 1.55430 1.5547 4.5 -1.35 -0.86 CAD
EUR/CHF 1.06930 1.06950 2.0 -0.83 -0.85 CHF
EUR/CZK 27.197 27.328 1,315.0 -2.61 -1.58 CZK
EUR/DKK 7.4435 7.4465 29.9 -5.11 -5.01 DKK
EUR/GBP 0.9010 0.9013 2.7 -0.8 -0.53 GBP
EUR/HKD 9.0580 9.0597 16.7 -9.98 -5.95 HKD
EUR/HUF 365.91 368.28 23,670.0 -4.1 -1.29 HUF
EUR/JPY 122.03 122.060 2.1 -0.98 -0.78 JPY
EUR/MXN 24.809 24.820 106.0 -82.02 14.92 MXN
EUR/NOK 11.100 11.104 37.0 -8.46 -6.45 NOK
EUR/NZD 1.7556 1.7559 3.2 -1.75 -0.94 NZD
EUR/PLN 4.61940 4.62170 23.0 -4.81 -1.77 PLN
EUR/RUB 92.396 92.5150 1,188.0 -360.01 -91.01 RUB
EUR/SEK 10.374 10.379 51.0 -9 -7.06 SEK
EUR/SGD 1.5936 1.59410 4.5 -1.52 -1.12 SGD
EUR/TRY 9.7813 9.8112 299.2 -50.89 -21.39 TRY
EUR/USD 1.1682 1.1683 1.4 -0.97 -0.72 USD
EUR/ZAR 19.004 19.033 290.4 -60.66 -4.26 ZAR
GBP/AUD 1.83810 1.8383 2.7 -1.41 -1.35 AUD
GBP/CAD 1.72480 1.7252 4.6 -1.29 -1.26 CAD
GBP/CHF 1.1864 1.1868 3.5 -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 135.42 135.44 2.0 -1.05 -1.06 JPY
GBP/MXN 27.529 27.541 119.0 -87.94 16.66 MXN
GBP/NOK 12.315 12.319 34.1 -7.44 -11.16 NOK
GBP/NZD 1.9478 1.9487 9.8 -1.63 -1.38 NZD
GBP/PLN 5.1135 5.1402 266.7 -4.65 -3.01 PLN
GBP/SEK 11.512 11.515 32.4 -8 -9.2 SEK
GBP/SGD 1.76790 1.7694 15.1 -1.75 -1.67 SGD
GBP/TRY 10.852 10.887 348.2 -62.99 -32.33 TRY
GBP/USD 1.2963 1.2965 1.9 -0.89 -0.84 USD
GBP/ZAR 21.085 21.123 382.3 -64.44 -6.94 ZAR
NOK/SEK 0.93000 0.93900 90.0 -0.42 -1.06 SEK
NZD/CAD 0.8849 0.8856 6.9 -0.64 -0.74 CAD
NZD/CHF 0.6089 0.60920 2.6 -0.33 -0.67 CHF
NZD/JPY 69.4990 69.5250 2.6 -0.46 -0.63 JPY
NZD/SGD 0.90760 0.9079 3.9 -0.68 -0.79 SGD
NZD/USD 0.66530 0.6655 2.4 -0.46 -0.51 USD
USD/CAD 1.3304 1.3306 2.0 -0.99 -0.99 CAD
USD/CHF 0.9152 0.9154 1.8 -0.47 -1.19 CHF
USD/CNH 6.68580 6.68770 19.0 -13.73 -8.83 CNH
USD/CZK 23.273 23.396 1,230.0 -2.7 -1.5 CZK
USD/DKK 6.3691 6.3737 45.5 -3.35 -5.85 DKK
USD/HKD 7.7535 7.7539 4.3 -8.7 -3.76 HKD
USD/HUF 313.08 315.06 19,770.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 104.45 104.47 1.4 -0.69 -0.88 JPY
USD/MXN 21.234 21.243 86.6 -74.81 9.19 MXN
USD/NOK 9.4968 9.5084 115.6 -5.76 -7.4 NOK
USD/PLN 3.9451 3.9638 186.6 -3.62 -2.43 PLN
USD/RUB 79.094 79.182 879.0 -45.41 -15.07 RUB
USD/SEK 8.8774 8.88630 88.8 -6.47 -7.96 SEK
USD/SGD 1.3640 1.36440 3.2 -1.08 -1.19 SGD
USD/TRY 8.3783 8.3838 55.7 -47.71 -21.71 TRY
USD/ZAR 16.271 16.279 80.6 -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(21:59 GMT)