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 0.9389 0.9393 3.9 -0.72 -0.72 CAD
AUD/CHF 0.6462 0.6464 1.9 -0.38 -0.68 CHF
AUD/JPY 73.8190 73.8420 2.3 -0.68 -0.63 JPY
AUD/NZD 1.0599 1.0601 2.6 -0.91 -0.92 NZD
AUD/USD 0.7067 0.7068 1.2 -0.51 -0.51 USD
CAD/CHF 0.6880 0.6883 3.1 -0.41 -0.74 CHF
CAD/JPY 78.6030 78.6260 2.3 -0.55 -0.7 JPY
CHF/JPY 114.22 114.24 2.7 -1.01 -0.66 JPY
EUR/AUD 1.65520 1.65540 2.0 -1.53 -1.36 AUD
EUR/CAD 1.5543 1.5547 4.2 -1.35 -0.86 CAD
EUR/CHF 1.0697 1.0698 1.1 -0.83 -0.85 CHF
EUR/CZK 27.191 27.317 1,255.4 -2.61 -1.58 CZK
EUR/DKK 7.4440 7.4469 29.3 -5.11 -5.01 DKK
EUR/GBP 0.90150 0.9017 2.5 -0.8 -0.53 GBP
EUR/HKD 9.0705 9.0721 15.3 -9.98 -5.95 HKD
EUR/HUF 366.18 368.50 23,189.4 -4.1 -1.29 HUF
EUR/JPY 122.20 122.21 1.5 -0.98 -0.78 JPY
EUR/MXN 24.818 24.823 52.4 -82.02 14.92 MXN
EUR/NOK 11.076 11.080 42.4 -8.46 -6.45 NOK
EUR/NZD 1.7545 1.7548 3.3 -1.75 -0.94 NZD
EUR/PLN 4.6163 4.6191 28.2 -4.81 -1.77 PLN
EUR/RUB 92.326 92.554 2,275.4 -360.01 -91.01 RUB
EUR/SEK 10.358 10.362 31.4 -9 -7.06 SEK
EUR/SGD 1.5945 1.5949 4.0 -1.52 -1.12 SGD
EUR/TRY 9.7668 9.7983 314.9 -50.89 -21.39 TRY
EUR/USD 1.1698 1.1699 1.0 -0.97 -0.72 USD
EUR/ZAR 18.978 19.018 403.3 -60.66 -4.26 ZAR
GBP/AUD 1.8357 1.83600 2.8 -1.41 -1.35 AUD
GBP/CAD 1.7238 1.7244 6.0 -1.29 -1.26 CAD
GBP/CHF 1.1864 1.1866 2.4 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 -0.6 -2.67 -2.63 CZK
GBP/DKK 8.1120 8.1173 52.6 -4.46 -6.96 DKK
GBP/HKD 10.066 10.069 27.7 -13.18 -9.13 HKD
GBP/HUF 360.10 360.09 -0.6 -4.36 -2.62 HUF
GBP/JPY 135.52 135.55 2.8 -1.05 -1.06 JPY
GBP/MXN 27.524 27.531 63.9 -87.94 16.66 MXN
GBP/NOK 12.285 12.289 39.4 -7.44 -11.16 NOK
GBP/NZD 1.9458 1.94630 4.1 -1.63 -1.38 NZD
GBP/PLN 5.1251 5.1480 228.9 -4.65 -3.01 PLN
GBP/SEK 11.489 11.492 33.6 -8 -9.2 SEK
GBP/SGD 1.7685 1.7689 4.3 -1.75 -1.67 SGD
GBP/TRY 10.832 10.867 352.4 -62.99 -32.33 TRY
GBP/USD 1.2974 1.2976 1.6 -0.89 -0.84 USD
GBP/ZAR 21.047 21.095 482.9 -64.44 -6.94 ZAR
NOK/SEK 0.9300 0.9384 84.4 -0.42 -1.06 SEK
NZD/CAD 0.8855 0.88630 7.8 -0.64 -0.74 CAD
NZD/CHF 0.60960 0.6098 2.3 -0.33 -0.67 CHF
NZD/JPY 69.6320 69.6660 3.4 -0.46 -0.63 JPY
NZD/SGD 0.9086 0.9090 3.9 -0.68 -0.79 SGD
NZD/USD 0.6666 0.6668 2.2 -0.46 -0.51 USD
USD/CAD 1.3286 1.3288 1.6 -0.99 -0.99 CAD
USD/CHF 0.9144 0.9145 1.1 -0.47 -1.19 CHF
USD/CNH 6.6808 6.6825 17.4 -13.73 -8.83 CNH
USD/CZK 23.232 23.349 1,168.4 -2.7 -1.5 CZK
USD/DKK 6.3615 6.3659 44.1 -3.35 -5.85 DKK
USD/HKD 7.7538 7.7542 4.2 -8.7 -3.76 HKD
USD/HUF 313.08 315.06 19,769.4 -3.41 -2.11 HUF
USD/ILS 3.7930 3.7929 -0.6 -0.56 -0.7 ILS
USD/JPY 104.45 104.46 0.9 -0.69 -0.88 JPY
USD/MXN 21.213 21.217 35.7 -74.81 9.19 MXN
USD/NOK 9.4613 9.4766 153.1 -5.76 -7.4 NOK
USD/PLN 3.9382 3.9567 185.4 -3.62 -2.43 PLN
USD/RUB 78.958 79.046 873.4 -45.41 -15.07 RUB
USD/SEK 8.8511 8.8602 91.4 -6.47 -7.96 SEK
USD/SGD 1.3630 1.3632 2.7 -1.08 -1.19 SGD
USD/TRY 8.3466 8.3715 248.9 -47.71 -21.71 TRY
USD/ZAR 16.233 16.243 102.6 -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)