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 0.9809 0.9813 4.7 -0.72 -0.72 CAD
AUD/CHF 0.6895 0.6898 3.0 -0.38 -0.68 CHF
AUD/JPY 80.3360 80.3650 2.9 -0.68 -0.63 JPY
AUD/NZD 1.07690 1.0772 3.1 -0.91 -0.92 NZD
AUD/USD 0.7768 0.7771 2.3 -0.51 -0.51 USD
CAD/CHF 0.7027 0.7031 4.0 -0.41 -0.74 CHF
CAD/JPY 81.8790 81.9110 3.2 -0.55 -0.7 JPY
CHF/JPY 116.48 116.51 3.2 -1.01 -0.66 JPY
EUR/AUD 1.5618 1.5621 3.2 -1.53 -1.36 AUD
EUR/CAD 1.5322 1.5327 5.3 -1.35 -0.86 CAD
EUR/CHF 1.07720 1.0774 2.7 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.4 -2.61 -1.58 CZK
EUR/DKK 7.4394 7.4409 14.8 -5.11 -5.01 DKK
EUR/GBP 0.8845 0.8848 2.9 -0.8 -0.53 GBP
EUR/HKD 9.4072 9.4090 17.3 -9.98 -5.95 HKD
EUR/HUF 356.48 358.81 23,360.4 -4.1 -1.29 HUF
EUR/JPY 125.49 125.51 2.3 -0.98 -0.78 JPY
EUR/MXN 23.740 23.749 93.4 -82.02 14.92 MXN
EUR/NOK 10.240 10.244 43.4 -8.46 -6.45 NOK
EUR/NZD 1.6821 1.6825 4.1 -1.75 -0.94 NZD
EUR/PLN 4.5269 4.5308 38.9 -4.81 -1.77 PLN
EUR/RUB 89.333 89.422 887.4 -360.01 -91.01 RUB
EUR/SEK 10.094 10.099 47.4 -9 -7.06 SEK
EUR/SGD 1.6057 1.6062 5.1 -1.52 -1.12 SGD
EUR/TRY 8.9868 9.0113 244.6 -50.89 -21.39 TRY
EUR/USD 1.2135 1.2137 1.8 -0.97 -0.72 USD
EUR/ZAR 17.980 18.019 393.4 -60.66 -4.26 ZAR
GBP/AUD 1.7654 1.7657 3.0 -1.41 -1.35 AUD
GBP/CAD 1.7319 1.7326 6.6 -1.29 -1.26 CAD
GBP/CHF 1.2175 1.2178 3.6 -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 141.85 141.87 2.5 -1.05 -1.06 JPY
GBP/MXN 26.835 26.845 105.3 -87.94 16.66 MXN
GBP/NOK 11.575 11.580 48.4 -7.44 -11.16 NOK
GBP/NZD 1.9013 1.9018 5.0 -1.63 -1.38 NZD
GBP/PLN 5.0922 5.1206 283.5 -4.65 -3.01 PLN
GBP/SEK 11.410 11.415 55.4 -8 -9.2 SEK
GBP/SGD 1.8150 1.8156 5.7 -1.75 -1.67 SGD
GBP/TRY 10.157 10.186 286.9 -62.99 -32.33 TRY
GBP/USD 1.3717 1.3719 2.0 -0.89 -0.84 USD
GBP/ZAR 20.322 20.370 488.3 -64.44 -6.94 ZAR
NOK/SEK 0.9799 0.9860 60.4 -0.42 -1.06 SEK
NZD/CAD 0.9105 0.9113 8.1 -0.64 -0.74 CAD
NZD/CHF 0.6401 0.6405 3.5 -0.33 -0.67 CHF
NZD/JPY 74.5870 74.6180 3.1 -0.46 -0.63 JPY
NZD/SGD 0.9541 0.9552 10.7 -0.68 -0.79 SGD
NZD/USD 0.7212 0.7215 3.0 -0.46 -0.51 USD
USD/CAD 1.2626 1.2628 2.3 -0.99 -0.99 CAD
USD/CHF 0.8875 0.8877 2.0 -0.47 -1.19 CHF
USD/CNH 6.4610 6.4630 19.4 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.4 -2.7 -1.5 CZK
USD/DKK 6.1294 6.1313 19.2 -3.35 -5.85 DKK
USD/HKD 7.7515 7.7519 4.8 -8.7 -3.76 HKD
USD/HUF 293.78 295.70 19,180.4 -3.41 -2.11 HUF
USD/ILS 3.7929 3.7930 0.4 -0.56 -0.7 ILS
USD/JPY 103.40 103.420 1.8 -0.69 -0.88 JPY
USD/MXN 19.562 19.568 62.2 -74.81 9.19 MXN
USD/NOK 8.4311 8.4484 172.8 -5.76 -7.4 NOK
USD/PLN 3.7221 3.7421 200.5 -3.62 -2.43 PLN
USD/RUB 73.617 73.671 544.4 -45.41 -15.07 RUB
USD/SEK 8.3101 8.3278 176.4 -6.47 -7.96 SEK
USD/SGD 1.3230 1.3234 3.8 -1.08 -1.19 SGD
USD/TRY 7.4030 7.4089 59.2 -47.71 -21.71 TRY
USD/ZAR 14.825 14.837 120.9 -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)