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 0.9175 0.9191 16.5 -0.72 -0.72 CAD
AUD/CHF 0.6842 0.68560 13.4 -0.38 -0.68 CHF
AUD/JPY 84.7110 84.8090 9.8 -0.68 -0.63 JPY
AUD/NZD 1.0487 1.0498 10.8 -0.91 -0.92 NZD
AUD/USD 0.74160 0.7426 10.8 -0.51 -0.51 USD
CAD/CHF 0.7454 0.7469 15.2 -0.41 -0.74 CHF
CAD/JPY 92.2350 92.3640 12.9 -0.55 -0.7 JPY
CHF/JPY 123.73 123.85 11.5 -1.01 -0.66 JPY
EUR/AUD 1.5620 1.5634 14.0 -1.53 -1.36 AUD
EUR/CAD 1.4330 1.4349 18.2 -1.35 -0.86 CAD
EUR/CHF 1.0718 1.0725 7.7 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.4 -2.61 -1.58 CZK
EUR/DKK 7.4393 7.4422 29.6 -5.11 -5.01 DKK
EUR/GBP 0.8430 0.8436 6.0 -0.8 -0.53 GBP
EUR/HKD 9.01880 9.0300 112.6 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.4 -4.1 -1.29 HUF
EUR/JPY 132.41 132.50 8.7 -0.98 -0.78 JPY
EUR/MXN 23.535 23.673 1,378.4 -82.02 14.92 MXN
EUR/NOK 9.7489 9.8010 520.6 -8.46 -6.45 NOK
EUR/NZD 1.6381 1.6415 33.5 -1.75 -0.94 NZD
EUR/PLN 4.5559 4.5679 119.6 -4.81 -1.77 PLN
EUR/RUB 82.298 82.512 2,139.4 -360.01 -91.01 RUB
EUR/SEK 9.9739 10.011 370.6 -9 -7.06 SEK
EUR/SGD 1.5615 1.5655 39.7 -1.52 -1.12 SGD
EUR/TRY 10.703 10.788 849.2 -50.89 -21.39 TRY
EUR/USD 1.1596 1.1601 4.4 -0.97 -0.72 USD
EUR/ZAR 16.916 17.009 934.1 -60.66 -4.26 ZAR
GBP/AUD 1.8536 1.8558 22.2 -1.41 -1.35 AUD
GBP/CAD 1.69830 1.6995 12.4 -1.29 -1.26 CAD
GBP/CHF 1.2673 1.2696 23.5 -0.62 -1.15 CHF
GBP/DKK 8.82180 8.8271 53.7 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.6 -13.18 -9.13 HKD
GBP/JPY 157.05 157.16 10.9 -1.05 -1.06 JPY
GBP/MXN 27.900 28.077 1,762.2 -87.94 16.66 MXN
GBP/NOK 11.529 11.676 1,475.5 -7.44 -11.16 NOK
GBP/NZD 1.9413 1.9439 26.6 -1.63 -1.38 NZD
GBP/PLN 5.4162 5.4455 292.9 -4.65 -3.01 PLN
GBP/SEK 11.815 11.850 349.7 -8 -9.2 SEK
GBP/SGD 1.8518 1.8572 54.3 -1.75 -1.67 SGD
GBP/TRY 12.689 12.791 1,015.6 -62.99 -32.33 TRY
GBP/USD 1.3748 1.3759 10.9 -0.89 -0.84 USD
GBP/ZAR 20.081 20.157 758.2 -64.44 -6.94 ZAR
NOK/SEK 1.0209 1.0275 65.4 -0.42 -1.06 SEK
NZD/CAD 0.8728 0.8773 45.8 -0.64 -0.74 CAD
NZD/CHF 0.6518 0.6555 37.4 -0.33 -0.67 CHF
NZD/JPY 80.7420 80.8610 11.9 -0.46 -0.63 JPY
NZD/SGD 0.9516 0.9555 39.2 -0.68 -0.79 SGD
NZD/USD 0.7069 0.7078 8.7 -0.46 -0.51 USD
USD/CAD 1.2367 1.23770 9.8 -0.99 -0.99 CAD
USD/CHF 0.9223 0.9232 8.3 -0.47 -1.19 CHF
USD/CNH 6.4263 6.4387 123.4 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.4 -2.7 -1.5 CZK
USD/DKK 6.4075 6.4164 88.7 -3.35 -5.85 DKK
USD/HKD 7.7760 7.77900 29.9 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.4 -3.41 -2.11 HUF
USD/JPY 114.180 114.25 7.7 -0.69 -0.88 JPY
USD/MXN 20.320 20.374 538.6 -74.81 9.19 MXN
USD/NOK 8.3945 8.4548 603.8 -5.76 -7.4 NOK
USD/PLN 3.9263 3.9453 190.1 -3.62 -2.43 PLN
USD/RUB 70.979 71.108 1,294.4 -45.41 -15.07 RUB
USD/SEK 8.5957 8.6201 243.2 -6.47 -7.96 SEK
USD/SGD 1.34720 1.3490 18.9 -1.08 -1.19 SGD
USD/TRY 9.2264 9.2885 621.8 -47.71 -21.71 TRY
USD/ZAR 14.601 14.651 501.4 -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)