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 0.9812 0.9816 4.3 -0.72 -0.72 CAD
AUD/CHF 0.6893 0.6896 3.0 -0.38 -0.68 CHF
AUD/JPY 80.4190 80.4460 2.7 -0.68 -0.63 JPY
AUD/NZD 1.0768 1.0771 3.1 -0.91 -0.92 NZD
AUD/USD 0.7777 0.7779 2.2 -0.51 -0.51 USD
CAD/CHF 0.7023 0.7027 3.9 -0.41 -0.74 CHF
CAD/JPY 81.9370 81.9670 3.0 -0.55 -0.7 JPY
CHF/JPY 116.63 116.66 3.2 -1.01 -0.66 JPY
EUR/AUD 1.5614 1.5617 2.8 -1.53 -1.36 AUD
EUR/CAD 1.53240 1.5328 4.4 -1.35 -0.86 CAD
EUR/CHF 1.0766 1.0768 2.4 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.4 -2.61 -1.58 CZK
EUR/DKK 7.43870 7.4406 19.4 -5.11 -5.01 DKK
EUR/GBP 0.8851 0.8854 2.9 -0.8 -0.53 GBP
EUR/HKD 9.4148 9.4165 17.3 -9.98 -5.95 HKD
EUR/HUF 356.19 358.52 23,360.4 -4.1 -1.29 HUF
EUR/JPY 125.59 125.61 2.4 -0.98 -0.78 JPY
EUR/MXN 23.772 23.781 89.4 -82.02 14.92 MXN
EUR/NOK 10.234 10.238 46.3 -8.46 -6.45 NOK
EUR/NZD 1.6817 1.6821 3.3 -1.75 -0.94 NZD
EUR/PLN 4.5265 4.5301 36.1 -4.81 -1.77 PLN
EUR/RUB 89.603 89.685 823.4 -360.01 -91.01 RUB
EUR/SEK 10.084 10.089 46.4 -9 -7.06 SEK
EUR/SGD 1.60590 1.6064 5.2 -1.52 -1.12 SGD
EUR/TRY 8.9299 8.9521 221.6 -50.89 -21.39 TRY
EUR/USD 1.21460 1.2147 1.7 -0.97 -0.72 USD
EUR/ZAR 17.950 17.988 384.6 -60.66 -4.26 ZAR
GBP/AUD 1.7637 1.7641 3.8 -1.41 -1.35 AUD
GBP/CAD 1.7309 1.7314 4.8 -1.29 -1.26 CAD
GBP/CHF 1.2160 1.2164 3.8 -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 141.86 141.88 2.6 -1.05 -1.06 JPY
GBP/MXN 26.852 26.861 92.1 -87.94 16.66 MXN
GBP/NOK 11.559 11.565 52.3 -7.44 -11.16 NOK
GBP/NZD 1.8995 1.9000 4.8 -1.63 -1.38 NZD
GBP/PLN 5.0922 5.1206 283.5 -4.65 -3.01 PLN
GBP/SEK 11.391 11.395 46.9 -8 -9.2 SEK
GBP/SGD 1.8139 1.8145 6.4 -1.75 -1.67 SGD
GBP/TRY 10.086 10.112 256.1 -62.99 -32.33 TRY
GBP/USD 1.3719 1.3721 2.3 -0.89 -0.84 USD
GBP/ZAR 20.273 20.320 468.0 -64.44 -6.94 ZAR
NOK/SEK 0.9799 0.9860 60.4 -0.42 -1.06 SEK
NZD/CAD 0.9108 0.9116 7.6 -0.64 -0.74 CAD
NZD/CHF 0.6400 0.6403 2.9 -0.33 -0.67 CHF
NZD/JPY 74.6630 74.6930 3.0 -0.46 -0.63 JPY
NZD/SGD 0.9544 0.9554 10.6 -0.68 -0.79 SGD
NZD/USD 0.7220 0.7223 2.8 -0.46 -0.51 USD
USD/CAD 1.2616 1.2618 2.2 -0.99 -0.99 CAD
USD/CHF 0.8863 0.8865 2.0 -0.47 -1.19 CHF
USD/CNH 6.4583 6.4605 21.4 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.4 -2.7 -1.5 CZK
USD/DKK 6.1233 6.1259 25.5 -3.35 -5.85 DKK
USD/HKD 7.7514 7.7519 5.5 -8.7 -3.76 HKD
USD/HUF 293.25 295.16 19,170.4 -3.41 -2.11 HUF
USD/ILS 3.7929 3.7930 0.4 -0.56 -0.7 ILS
USD/JPY 103.39 103.41 1.9 -0.69 -0.88 JPY
USD/MXN 19.570 19.577 67.2 -74.81 9.19 MXN
USD/NOK 8.4201 8.4334 132.7 -5.76 -7.4 NOK
USD/PLN 3.7182 3.7382 200.3 -3.62 -2.43 PLN
USD/RUB 73.779 73.833 544.4 -45.41 -15.07 RUB
USD/SEK 8.2987 8.3091 103.4 -6.47 -7.96 SEK
USD/SGD 1.32210 1.3224 3.9 -1.08 -1.19 SGD
USD/TRY 7.3470 7.3565 94.8 -47.71 -21.71 TRY
USD/ZAR 14.786 14.799 130.7 -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)