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 0.9288 0.9293 4.5 -0.72 -0.72 CAD
AUD/CHF 0.6901 0.6906 4.4 -0.38 -0.68 CHF
AUD/JPY 85.5820 85.6120 3.0 -0.68 -0.63 JPY
AUD/NZD 1.0479 1.0483 4.0 -0.91 -0.92 NZD
AUD/USD 0.7517 0.7519 2.4 -0.51 -0.51 USD
CAD/CHF 0.7428 0.7432 3.9 -0.41 -0.74 CHF
CAD/JPY 92.1130 92.1480 3.5 -0.55 -0.7 JPY
CHF/JPY 123.96 124.01 4.7 -1.01 -0.66 JPY
EUR/AUD 1.5428 1.5432 3.9 -1.53 -1.36 AUD
EUR/CAD 1.4333 1.4337 4.4 -1.35 -0.86 CAD
EUR/CHF 1.0650 1.0653 3.0 -0.83 -0.85 CHF
EUR/CZK 25.620 25.819 1,989.4 -2.61 -1.58 CZK
EUR/DKK 7.4375 7.4414 39.3 -5.11 -5.01 DKK
EUR/GBP 0.8442 0.8445 3.0 -0.8 -0.53 GBP
EUR/HKD 9.0193 9.0310 116.8 -9.98 -5.95 HKD
EUR/HUF 362.37 365.32 29,570.4 -4.1 -1.29 HUF
EUR/JPY 132.06 132.090 2.5 -0.98 -0.78 JPY
EUR/MXN 23.535 23.585 504.4 -82.02 14.92 MXN
EUR/NOK 9.7618 9.7705 86.4 -8.46 -6.45 NOK
EUR/NZD 1.61690 1.61760 7.0 -1.75 -0.94 NZD
EUR/PLN 4.6204 4.6254 49.8 -4.81 -1.77 PLN
EUR/RUB 81.903 82.023 1,203.4 -360.01 -91.01 RUB
EUR/SEK 9.9555 9.9633 78.1 -9 -7.06 SEK
EUR/SGD 1.5640 1.56540 13.6 -1.52 -1.12 SGD
EUR/TRY 11.000 11.066 663.2 -50.89 -21.39 TRY
EUR/USD 1.1600 1.16020 1.9 -0.97 -0.72 USD
EUR/ZAR 17.471 17.496 253.4 -60.66 -4.26 ZAR
GBP/AUD 1.8270 1.8275 5.4 -1.41 -1.35 AUD
GBP/CAD 1.6974 1.6980 5.3 -1.29 -1.26 CAD
GBP/CHF 1.2611 1.2619 8.1 -0.62 -1.15 CHF
GBP/DKK 8.8036 8.8090 53.5 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.6 -13.18 -9.13 HKD
GBP/JPY 156.40 156.43 3.1 -1.05 -1.06 JPY
GBP/MXN 27.901 27.913 119.6 -87.94 16.66 MXN
GBP/NOK 11.560 11.571 109.4 -7.44 -11.16 NOK
GBP/NZD 1.9146 1.9158 12.0 -1.63 -1.38 NZD
GBP/PLN 5.4524 5.4908 384.5 -4.65 -3.01 PLN
GBP/SEK 11.786 11.802 157.3 -8 -9.2 SEK
GBP/SGD 1.85210 1.8540 19.4 -1.75 -1.67 SGD
GBP/TRY 13.047 13.103 566.9 -62.99 -32.33 TRY
GBP/USD 1.3737 1.37400 2.1 -0.89 -0.84 USD
GBP/ZAR 20.687 20.723 360.4 -64.44 -6.94 ZAR
NOK/SEK 1.0174 1.0290 115.4 -0.42 -1.06 SEK
NZD/CAD 0.8860 0.8869 9.8 -0.64 -0.74 CAD
NZD/CHF 0.65840 0.6588 4.3 -0.33 -0.67 CHF
NZD/JPY 81.6470 81.6840 3.7 -0.46 -0.63 JPY
NZD/SGD 0.9668 0.9681 13.0 -0.68 -0.79 SGD
NZD/USD 0.7171 0.7174 3.1 -0.46 -0.51 USD
USD/CAD 1.2356 1.2358 2.6 -0.99 -0.99 CAD
USD/CHF 0.9180 0.9183 2.6 -0.47 -1.19 CHF
USD/CNH 6.3926 6.3951 24.4 -13.73 -8.83 CNH
USD/CZK 22.096 22.273 1,765.4 -2.7 -1.5 CZK
USD/DKK 6.4112 6.4164 51.5 -3.35 -5.85 DKK
USD/HKD 7.7784 7.7789 5.2 -8.7 -3.76 HKD
USD/HUF 312.31 314.96 26,490.4 -3.41 -2.11 HUF
USD/JPY 113.83 113.85 2.1 -0.69 -0.88 JPY
USD/MXN 20.310 20.316 62.0 -74.81 9.19 MXN
USD/NOK 8.4107 8.4276 169.2 -5.76 -7.4 NOK
USD/PLN 3.9712 3.9959 247.0 -3.62 -2.43 PLN
USD/RUB 70.615 70.696 805.4 -45.41 -15.07 RUB
USD/SEK 8.5798 8.5904 106.3 -6.47 -7.96 SEK
USD/SGD 1.34860 1.3489 3.6 -1.08 -1.19 SGD
USD/TRY 9.4841 9.5078 237.0 -47.71 -21.71 TRY
USD/ZAR 15.057 15.0840 264.8 -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)