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 0.9810 0.9816 6.0 -0.72 -0.72 CAD
AUD/CHF 0.6840 0.6843 3.1 -0.38 -0.68 CHF
AUD/JPY 80.2020 80.2300 2.8 -0.68 -0.63 JPY
AUD/NZD 1.0756 1.0759 3.1 -0.91 -0.92 NZD
AUD/USD 0.7738 0.77410 2.3 -0.51 -0.51 USD
CAD/CHF 0.6969 0.6974 4.8 -0.41 -0.74 CHF
CAD/JPY 81.7300 81.7610 3.1 -0.55 -0.7 JPY
CHF/JPY 117.22 117.25 3.2 -1.01 -0.66 JPY
EUR/AUD 1.5743 1.5746 2.9 -1.53 -1.36 AUD
EUR/CAD 1.5447 1.5453 6.5 -1.35 -0.86 CAD
EUR/CHF 1.0771 1.0773 2.4 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.4 -2.61 -1.58 CZK
EUR/DKK 7.4388 7.4406 17.8 -5.11 -5.01 DKK
EUR/GBP 0.8896 0.8899 2.9 -0.8 -0.53 GBP
EUR/HKD 9.4455 9.4472 16.3 -9.98 -5.95 HKD
EUR/HUF 355.69 358.02 23,360.4 -4.1 -1.29 HUF
EUR/JPY 126.28 126.30 2.5 -0.98 -0.78 JPY
EUR/MXN 24.125 24.130 51.4 -82.02 14.92 MXN
EUR/NOK 10.280 10.284 46.4 -8.46 -6.45 NOK
EUR/NZD 1.69370 1.6940 3.3 -1.75 -0.94 NZD
EUR/PLN 4.5328 4.5369 40.4 -4.81 -1.77 PLN
EUR/RUB 90.567 90.653 859.4 -360.01 -91.01 RUB
EUR/SEK 10.071 10.077 63.0 -9 -7.06 SEK
EUR/SGD 1.6151 1.61570 5.8 -1.52 -1.12 SGD
EUR/TRY 9.0108 9.0362 254.3 -50.89 -21.39 TRY
EUR/USD 1.21850 1.21870 2.0 -0.97 -0.72 USD
EUR/ZAR 18.276 18.316 408.6 -60.66 -4.26 ZAR
GBP/AUD 1.7692 1.7695 3.1 -1.41 -1.35 AUD
GBP/CAD 1.7359 1.7367 8.2 -1.29 -1.26 CAD
GBP/CHF 1.2104 1.21080 3.5 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.4 -2.67 -2.63 CZK
GBP/DKK 8.1120 8.1173 53.6 -4.46 -6.96 DKK
GBP/HKD 10.066 10.069 28.7 -13.18 -9.13 HKD
GBP/HUF 360.09 360.10 0.4 -4.36 -2.62 HUF
GBP/JPY 141.92 141.950 2.6 -1.05 -1.06 JPY
GBP/MXN 27.112 27.118 56.4 -87.94 16.66 MXN
GBP/NOK 11.552 11.558 52.6 -7.44 -11.16 NOK
GBP/NZD 1.9033 1.90380 4.5 -1.63 -1.38 NZD
GBP/PLN 5.0765 5.1032 267.4 -4.65 -3.01 PLN
GBP/SEK 11.317 11.326 86.2 -8 -9.2 SEK
GBP/SGD 1.8151 1.8157 5.9 -1.75 -1.67 SGD
GBP/TRY 10.127 10.156 289.5 -62.99 -32.33 TRY
GBP/USD 1.3693 1.3696 2.3 -0.89 -0.84 USD
GBP/ZAR 20.538 20.586 488.0 -64.44 -6.94 ZAR
NOK/SEK 0.9744 0.9850 105.4 -0.42 -1.06 SEK
NZD/CAD 0.9117 0.9126 8.8 -0.64 -0.74 CAD
NZD/CHF 0.6358 0.6361 3.0 -0.33 -0.67 CHF
NZD/JPY 74.5490 74.5810 3.2 -0.46 -0.63 JPY
NZD/SGD 0.9531 0.9542 10.6 -0.68 -0.79 SGD
NZD/USD 0.7192 0.7195 2.9 -0.46 -0.51 USD
USD/CAD 1.2677 1.2679 2.2 -0.99 -0.99 CAD
USD/CHF 0.8838 0.8841 2.4 -0.47 -1.19 CHF
USD/CNH 6.4795 6.4817 21.4 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.4 -2.7 -1.5 CZK
USD/DKK 6.1036 6.1060 23.5 -3.35 -5.85 DKK
USD/HKD 7.7515 7.7519 4.3 -8.7 -3.76 HKD
USD/HUF 292.99 294.91 19,180.4 -3.41 -2.11 HUF
USD/ILS 3.7929 3.7930 0.4 -0.56 -0.7 ILS
USD/JPY 103.63 103.650 1.8 -0.69 -0.88 JPY
USD/MXN 19.797 19.801 40.0 -74.81 9.19 MXN
USD/NOK 8.4307 8.44350 127.9 -5.76 -7.4 NOK
USD/PLN 3.7240 3.74410 200.3 -3.62 -2.43 PLN
USD/RUB 74.335 74.390 544.4 -45.41 -15.07 RUB
USD/SEK 8.2602 8.2748 145.4 -6.47 -7.96 SEK
USD/SGD 1.3254 1.32580 3.9 -1.08 -1.19 SGD
USD/TRY 7.3987 7.4057 70.6 -47.71 -21.71 TRY
USD/ZAR 15.007 15.017 102.4 -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)