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 0.9286 0.9290 3.9 -0.72 -0.72 CAD
AUD/CHF 0.6899 0.6903 3.9 -0.38 -0.68 CHF
AUD/JPY 85.6190 85.6470 2.8 -0.68 -0.63 JPY
AUD/NZD 1.0482 1.0486 3.4 -0.91 -0.92 NZD
AUD/USD 0.7523 0.7525 2.4 -0.51 -0.51 USD
CAD/CHF 0.74290 0.7432 3.1 -0.41 -0.74 CHF
CAD/JPY 92.1770 92.2070 3.0 -0.55 -0.7 JPY
CHF/JPY 124.05 124.08 3.2 -1.01 -0.66 JPY
EUR/AUD 1.5427 1.5430 3.4 -1.53 -1.36 AUD
EUR/CAD 1.4329 1.4332 3.5 -1.35 -0.86 CAD
EUR/CHF 1.0647 1.0649 2.3 -0.83 -0.85 CHF
EUR/CZK 25.620 25.819 1,989.4 -2.61 -1.58 CZK
EUR/DKK 7.4381 7.4409 27.8 -5.11 -5.01 DKK
EUR/GBP 0.8441 0.84440 2.9 -0.8 -0.53 GBP
EUR/HKD 9.0288 9.0417 128.8 -9.98 -5.95 HKD
EUR/HUF 362.37 365.32 29,570.4 -4.1 -1.29 HUF
EUR/JPY 132.10 132.13 2.5 -0.98 -0.78 JPY
EUR/MXN 23.506 23.555 492.4 -82.02 14.92 MXN
EUR/NOK 9.7499 9.7541 42.8 -8.46 -6.45 NOK
EUR/NZD 1.6174 1.6180 6.0 -1.75 -0.94 NZD
EUR/PLN 4.61940 4.6230 36.6 -4.81 -1.77 PLN
EUR/RUB 81.795 81.843 478.4 -360.01 -91.01 RUB
EUR/SEK 9.9395 9.9454 58.5 -9 -7.06 SEK
EUR/SGD 1.5641 1.5654 13.2 -1.52 -1.12 SGD
EUR/TRY 11.010 11.069 592.1 -50.89 -21.39 TRY
EUR/USD 1.1608 1.1610 1.9 -0.97 -0.72 USD
EUR/ZAR 17.443 17.468 253.5 -60.66 -4.26 ZAR
GBP/AUD 1.8272 1.8276 3.9 -1.41 -1.35 AUD
GBP/CAD 1.6972 1.6976 4.1 -1.29 -1.26 CAD
GBP/CHF 1.2608 1.2615 7.0 -0.62 -1.15 CHF
GBP/DKK 8.8036 8.8090 53.5 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.6 -13.18 -9.13 HKD
GBP/JPY 156.48 156.50 2.8 -1.05 -1.06 JPY
GBP/MXN 27.869 27.880 113.9 -87.94 16.66 MXN
GBP/NOK 11.547 11.554 67.7 -7.44 -11.16 NOK
GBP/NZD 1.9155 1.9166 11.4 -1.63 -1.38 NZD
GBP/PLN 5.4536 5.4921 384.6 -4.65 -3.01 PLN
GBP/SEK 11.771 11.781 99.0 -8 -9.2 SEK
GBP/SGD 1.8525 1.8543 17.5 -1.75 -1.67 SGD
GBP/TRY 13.047 13.103 566.9 -62.99 -32.33 TRY
GBP/USD 1.3750 1.37520 1.9 -0.89 -0.84 USD
GBP/ZAR 20.660 20.693 336.2 -64.44 -6.94 ZAR
NOK/SEK 1.0174 1.0290 115.4 -0.42 -1.06 SEK
NZD/CAD 0.8855 0.8863 7.7 -0.64 -0.74 CAD
NZD/CHF 0.6580 0.6584 4.1 -0.33 -0.67 CHF
NZD/JPY 81.6590 81.6910 3.2 -0.46 -0.63 JPY
NZD/SGD 0.9667 0.9680 13.0 -0.68 -0.79 SGD
NZD/USD 0.7175 0.7178 3.0 -0.46 -0.51 USD
USD/CAD 1.2343 1.2345 2.4 -0.99 -0.99 CAD
USD/CHF 0.9171 0.9173 2.0 -0.47 -1.19 CHF
USD/CNH 6.3889 6.3908 18.4 -13.73 -8.83 CNH
USD/CZK 22.096 22.273 1,765.4 -2.7 -1.5 CZK
USD/DKK 6.4066 6.4099 32.7 -3.35 -5.85 DKK
USD/HKD 7.7774 7.7778 4.5 -8.7 -3.76 HKD
USD/HUF 312.31 314.96 26,490.4 -3.41 -2.11 HUF
USD/JPY 113.79 113.81 1.9 -0.69 -0.88 JPY
USD/MXN 20.269 20.273 34.7 -74.81 9.19 MXN
USD/NOK 8.3920 8.4088 168.3 -5.76 -7.4 NOK
USD/PLN 3.9650 3.9956 305.9 -3.62 -2.43 PLN
USD/RUB 70.464 70.487 234.4 -45.41 -15.07 RUB
USD/SEK 8.5590 8.5695 105.6 -6.47 -7.96 SEK
USD/SGD 1.3476 1.3480 3.9 -1.08 -1.19 SGD
USD/TRY 9.4864 9.4955 91.4 -47.71 -21.71 TRY
USD/ZAR 15.027 15.046 184.7 -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)