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 0.9807 0.9813 5.6 -0.72 -0.72 CAD
AUD/CHF 0.6839 0.6842 3.1 -0.38 -0.68 CHF
AUD/JPY 80.1150 80.1420 2.7 -0.68 -0.63 JPY
AUD/NZD 1.0756 1.0759 3.1 -0.91 -0.92 NZD
AUD/USD 0.7731 0.7733 2.3 -0.51 -0.51 USD
CAD/CHF 0.6971 0.6975 4.5 -0.41 -0.74 CHF
CAD/JPY 81.6650 81.6970 3.2 -0.55 -0.7 JPY
CHF/JPY 117.10 117.140 3.2 -1.01 -0.66 JPY
EUR/AUD 1.5747 1.5750 3.1 -1.53 -1.36 AUD
EUR/CAD 1.5446 1.5452 5.9 -1.35 -0.86 CAD
EUR/CHF 1.0773 1.0775 2.1 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.4 -2.61 -1.58 CZK
EUR/DKK 7.4388 7.4406 17.8 -5.11 -5.01 DKK
EUR/GBP 0.8896 0.8899 2.9 -0.8 -0.53 GBP
EUR/HKD 9.4391 9.4409 18.3 -9.98 -5.95 HKD
EUR/HUF 355.69 358.02 23,360.4 -4.1 -1.29 HUF
EUR/JPY 126.17 126.20 2.4 -0.98 -0.78 JPY
EUR/MXN 24.142 24.151 83.4 -82.02 14.92 MXN
EUR/NOK 10.297 10.301 40.3 -8.46 -6.45 NOK
EUR/NZD 1.6940 1.6944 3.6 -1.75 -0.94 NZD
EUR/PLN 4.5319 4.5365 45.4 -4.81 -1.77 PLN
EUR/RUB 90.511 90.648 1,371.4 -360.01 -91.01 RUB
EUR/SEK 10.073 10.078 45.4 -9 -7.06 SEK
EUR/SGD 1.6141 1.6146 5.6 -1.52 -1.12 SGD
EUR/TRY 9.01320 9.0403 271.3 -50.89 -21.39 TRY
EUR/USD 1.2177 1.2178 1.8 -0.97 -0.72 USD
EUR/ZAR 18.267 18.310 422.4 -60.66 -4.26 ZAR
GBP/AUD 1.7697 1.7700 3.0 -1.41 -1.35 AUD
GBP/CAD 1.7359 1.7367 7.5 -1.29 -1.26 CAD
GBP/CHF 1.2106 1.2110 3.7 -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 141.810 141.83 2.4 -1.05 -1.06 JPY
GBP/MXN 27.133 27.142 86.6 -87.94 16.66 MXN
GBP/NOK 11.571 11.577 56.0 -7.44 -11.16 NOK
GBP/NZD 1.9038 1.9043 4.9 -1.63 -1.38 NZD
GBP/PLN 5.0765 5.1032 267.4 -4.65 -3.01 PLN
GBP/SEK 11.320 11.325 54.4 -8 -9.2 SEK
GBP/SGD 1.81410 1.8146 5.7 -1.75 -1.67 SGD
GBP/TRY 10.129 10.160 314.9 -62.99 -32.33 TRY
GBP/USD 1.3685 1.3687 2.1 -0.89 -0.84 USD
GBP/ZAR 20.528 20.579 503.8 -64.44 -6.94 ZAR
NOK/SEK 0.9739 0.9845 105.4 -0.42 -1.06 SEK
NZD/CAD 0.9114 0.9122 8.1 -0.64 -0.74 CAD
NZD/CHF 0.6357 0.6360 2.9 -0.33 -0.67 CHF
NZD/JPY 74.4680 74.4970 2.9 -0.46 -0.63 JPY
NZD/SGD 0.9524 0.9534 10.6 -0.68 -0.79 SGD
NZD/USD 0.7186 0.7189 2.9 -0.46 -0.51 USD
USD/CAD 1.2685 1.2687 2.2 -0.99 -0.99 CAD
USD/CHF 0.8846 0.8848 2.2 -0.47 -1.19 CHF
USD/CNH 6.4820 6.4840 19.4 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.4 -2.7 -1.5 CZK
USD/DKK 6.1079 6.1102 23.6 -3.35 -5.85 DKK
USD/HKD 7.75150 7.7520 5.4 -8.7 -3.76 HKD
USD/HUF 292.99 294.91 19,180.4 -3.41 -2.11 HUF
USD/ILS 3.7929 3.7930 0.4 -0.56 -0.7 ILS
USD/JPY 103.61 103.63 1.8 -0.69 -0.88 JPY
USD/MXN 19.825 19.831 61.5 -74.81 9.19 MXN
USD/NOK 8.4509 8.4637 128.0 -5.76 -7.4 NOK
USD/PLN 3.7240 3.74410 200.3 -3.62 -2.43 PLN
USD/RUB 74.340 74.434 939.4 -45.41 -15.07 RUB
USD/SEK 8.2686 8.2792 105.4 -6.47 -7.96 SEK
USD/SGD 1.3254 1.32590 4.2 -1.08 -1.19 SGD
USD/TRY 7.4074 7.4107 33.1 -47.71 -21.71 TRY
USD/ZAR 15.012 15.022 94.7 -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)