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 0.9814 0.9819 5.3 -0.72 -0.72 CAD
AUD/CHF 0.6868 0.6871 2.7 -0.38 -0.68 CHF
AUD/JPY 80.3340 80.3580 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0749 1.0752 3.3 -0.91 -0.92 NZD
AUD/USD 0.7759 0.7761 1.8 -0.51 -0.51 USD
CAD/CHF 0.6996 0.6999 3.8 -0.41 -0.74 CHF
CAD/JPY 81.8310 81.8590 2.8 -0.55 -0.7 JPY
CHF/JPY 116.93 116.96 3.0 -1.01 -0.66 JPY
EUR/AUD 1.5678 1.5681 2.6 -1.53 -1.36 AUD
EUR/CAD 1.5390 1.5395 5.0 -1.35 -0.86 CAD
EUR/CHF 1.0770 1.0772 2.1 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.0 -2.61 -1.58 CZK
EUR/DKK 7.4386 7.4409 23.2 -5.11 -5.01 DKK
EUR/GBP 0.8862 0.8864 2.7 -0.8 -0.53 GBP
EUR/HKD 9.4314 9.4347 32.7 -9.98 -5.95 HKD
EUR/HUF 355.69 358.02 23,360.0 -4.1 -1.29 HUF
EUR/JPY 125.97 125.99 1.8 -0.98 -0.78 JPY
EUR/MXN 24.020 24.025 55.0 -82.02 14.92 MXN
EUR/NOK 10.2280 10.238 106.0 -8.46 -6.45 NOK
EUR/NZD 1.6856 1.6859 3.0 -1.75 -0.94 NZD
EUR/PLN 4.52900 4.53780 88.0 -4.81 -1.77 PLN
EUR/RUB 89.743 89.9780 2,346.0 -360.01 -91.01 RUB
EUR/SEK 10.061 10.070 86.0 -9 -7.06 SEK
EUR/SGD 1.6100 1.6105 5.5 -1.52 -1.12 SGD
EUR/TRY 8.9585 8.9856 271.4 -50.89 -21.39 TRY
EUR/USD 1.2168 1.2169 1.4 -0.97 -0.72 USD
EUR/ZAR 18.163 18.238 751.9 -60.66 -4.26 ZAR
GBP/AUD 1.7688 1.7691 3.4 -1.41 -1.35 AUD
GBP/CAD 1.7363 1.7369 6.4 -1.29 -1.26 CAD
GBP/CHF 1.2151 1.21550 3.8 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.1120 8.1173 53.2 -4.46 -6.96 DKK
GBP/HKD 10.066 10.069 28.3 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 142.12 142.14 2.3 -1.05 -1.06 JPY
GBP/MXN 27.099 27.105 62.3 -87.94 16.66 MXN
GBP/NOK 11.537 11.5530 159.7 -7.44 -11.16 NOK
GBP/NZD 1.9016 1.9021 5.0 -1.63 -1.38 NZD
GBP/PLN 5.1006 5.1256 250.4 -4.65 -3.01 PLN
GBP/SEK 11.349 11.362 125.3 -8 -9.2 SEK
GBP/SGD 1.8163 1.8170 6.6 -1.75 -1.67 SGD
GBP/TRY 10.107 10.136 292.4 -62.99 -32.33 TRY
GBP/USD 1.3727 1.3729 2.2 -0.89 -0.84 USD
GBP/ZAR 20.456 20.532 760.1 -64.44 -6.94 ZAR
NOK/SEK 0.98100 0.98650 55.0 -0.42 -1.06 SEK
NZD/CAD 0.9128 0.9134 5.6 -0.64 -0.74 CAD
NZD/CHF 0.6388 0.6391 2.5 -0.33 -0.67 CHF
NZD/JPY 74.7190 74.7460 2.7 -0.46 -0.63 JPY
NZD/SGD 0.95490 0.9555 6.2 -0.68 -0.79 SGD
NZD/USD 0.7217 0.7219 2.5 -0.46 -0.51 USD
USD/CAD 1.2648 1.2650 1.7 -0.99 -0.99 CAD
USD/CHF 0.8851 0.88530 1.6 -0.47 -1.19 CHF
USD/CNH 6.46900 6.47120 22.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.11080 6.1172 64.5 -3.35 -5.85 DKK
USD/HKD 7.75140 7.75210 7.0 -8.7 -3.76 HKD
USD/HUF 2930000 294.91 19,180.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 103.52 103.53 1.6 -0.69 -0.88 JPY
USD/MXN 19.739 19.743 38.1 -74.81 9.19 MXN
USD/NOK 8.4033 8.4147 113.2 -5.76 -7.4 NOK
USD/PLN 3.7240 3.7440 199.9 -3.62 -2.43 PLN
USD/RUB 73.602 73.678 754.0 -45.41 -15.07 RUB
USD/SEK 8.2659 8.2758 98.7 -6.47 -7.96 SEK
USD/SGD 1.3230 1.3234 3.9 -1.08 -1.19 SGD
USD/TRY 7.3598 7.3819 220.9 -47.71 -21.71 TRY
USD/ZAR 14.9290 14.983 545.0 -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)