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 0.9443 0.9450 6.6 -0.72 -0.72 CAD
AUD/CHF 0.6545 0.6548 2.9 -0.38 -0.68 CHF
AUD/JPY 74.7630 74.7920 2.9 -0.68 -0.63 JPY
AUD/NZD 1.0589 1.05930 3.4 -0.91 -0.92 NZD
AUD/USD 0.6946 0.69490 2.3 -0.51 -0.51 USD
CAD/CHF 0.6927 0.6932 5.2 -0.41 -0.74 CHF
CAD/JPY 79.1300 79.1820 5.2 -0.55 -0.7 JPY
CHF/JPY 114.20 114.23 3.2 -1.01 -0.66 JPY
EUR/AUD 1.6233 1.6236 3.1 -1.53 -1.36 AUD
EUR/CAD 1.5333 1.5340 7.4 -1.35 -0.86 CAD
EUR/CHF 1.0627 1.0630 2.9 -0.83 -0.85 CHF
EUR/CZK 26.637 26.738 1,009.4 -2.61 -1.58 CZK
EUR/DKK 7.44790 7.4510 31.7 -5.11 -5.01 DKK
EUR/GBP 0.8979 0.8983 4.0 -0.8 -0.53 GBP
EUR/HKD 8.7412 8.7425 12.9 -9.98 -5.95 HKD
EUR/HUF 354.04 355.51 14,640.4 -4.1 -1.29 HUF
EUR/JPY 121.38 121.410 2.4 -0.98 -0.78 JPY
EUR/MXN 25.656 25.670 138.4 -82.02 14.92 MXN
EUR/NOK 10.683 10.698 151.4 -8.46 -6.45 NOK
EUR/NZD 1.71930 1.7196 3.8 -1.75 -0.94 NZD
EUR/PLN 4.4713 4.4787 73.4 -4.81 -1.77 PLN
EUR/RUB 80.576 80.695 1,182.4 -360.01 -91.01 RUB
EUR/SEK 10.435 10.444 84.4 -9 -7.06 SEK
EUR/SGD 1.5729 1.5740 10.8 -1.52 -1.12 SGD
EUR/TRY 7.7259 7.7540 280.9 -50.89 -21.39 TRY
EUR/USD 1.1278 1.1280 1.8 -0.97 -0.72 USD
EUR/ZAR 19.298 19.349 506.2 -60.66 -4.26 ZAR
GBP/AUD 1.8073 1.8076 3.2 -1.41 -1.35 AUD
GBP/CAD 1.7071 1.7081 10.5 -1.29 -1.26 CAD
GBP/CHF 1.18310 1.1836 5.5 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.4 -2.67 -2.63 CZK
GBP/DKK 8.27020 8.2754 52.6 -4.46 -6.96 DKK
GBP/HKD 9.5689 9.5721 32.1 -13.18 -9.13 HKD
GBP/HUF 360.09 360.10 0.4 -4.36 -2.62 HUF
GBP/JPY 135.14 135.17 2.8 -1.05 -1.06 JPY
GBP/MXN 28.568 28.584 153.1 -87.94 16.66 MXN
GBP/NOK 11.892 11.910 181.7 -7.44 -11.16 NOK
GBP/NZD 1.9141 1.9146 4.9 -1.63 -1.38 NZD
GBP/PLN 4.9677 4.9897 219.6 -4.65 -3.01 PLN
GBP/SEK 11.620 11.629 95.5 -8 -9.2 SEK
GBP/SGD 1.75100 1.75250 15.0 -1.75 -1.67 SGD
GBP/TRY 8.6033 8.63170 283.3 -62.99 -32.33 TRY
GBP/USD 1.2557 1.2559 2.0 -0.89 -0.84 USD
GBP/ZAR 21.483 21.544 604.8 -64.44 -6.94 ZAR
NOK/SEK 0.9704 0.9805 100.4 -0.42 -1.06 SEK
NZD/CAD 0.8915 0.8923 7.9 -0.64 -0.74 CAD
NZD/CHF 0.6179 0.6182 3.1 -0.33 -0.67 CHF
NZD/JPY 70.5850 70.6180 3.3 -0.46 -0.63 JPY
NZD/SGD 0.9145 0.9155 10.2 -0.68 -0.79 SGD
NZD/USD 0.6558 0.6561 2.9 -0.46 -0.51 USD
USD/CAD 1.35960 1.3598 2.2 -0.99 -0.99 CAD
USD/CHF 0.9421 0.9423 2.0 -0.47 -1.19 CHF
USD/CNH 7.0204 7.0232 27.4 -13.73 -8.83 CNH
USD/CZK 23.575 23.679 1,039.4 -2.7 -1.5 CZK
USD/DKK 6.6000 6.6119 118.5 -3.35 -5.85 DKK
USD/HKD 7.7496 7.7505 8.6 -8.7 -3.76 HKD
USD/HUF 312.40 314.18 17,780.4 -3.41 -2.11 HUF
USD/ILS 3.7929 3.7930 0.4 -0.56 -0.7 ILS
USD/JPY 107.61 107.63 2.0 -0.69 -0.88 JPY
USD/MXN 22.746 22.757 113.0 -74.81 9.19 MXN
USD/NOK 9.4665 9.4831 165.9 -5.76 -7.4 NOK
USD/PLN 3.9562 3.9711 149.1 -3.62 -2.43 PLN
USD/RUB 71.405 71.495 899.4 -45.41 -15.07 RUB
USD/SEK 9.2456 9.2656 199.4 -6.47 -7.96 SEK
USD/SGD 1.39470 1.3950 3.8 -1.08 -1.19 SGD
USD/TRY 6.8482 6.8688 205.5 -47.71 -21.71 TRY
USD/ZAR 17.102 17.160 585.1 -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)