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 0.9179 0.9183 3.8 -0.72 -0.72 CAD
AUD/CHF 0.6851 0.6855 3.8 -0.38 -0.68 CHF
AUD/JPY 84.8200 84.8440 2.4 -0.68 -0.63 JPY
AUD/NZD 1.04670 1.04700 3.0 -0.91 -0.92 NZD
AUD/USD 0.7420 0.7422 2.0 -0.51 -0.51 USD
CAD/CHF 0.7462 0.7466 3.4 -0.41 -0.74 CHF
CAD/JPY 92.3790 92.4080 2.9 -0.55 -0.7 JPY
CHF/JPY 123.76 123.79 3.3 -1.01 -0.66 JPY
EUR/AUD 1.5625 1.5628 3.1 -1.53 -1.36 AUD
EUR/CAD 1.4346 1.4350 4.2 -1.35 -0.86 CAD
EUR/CHF 1.0709 1.0711 2.4 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4393 7.4422 29.2 -5.11 -5.01 DKK
EUR/GBP 0.84280 0.8430 2.6 -0.8 -0.53 GBP
EUR/HKD 9.0192 9.0225 33.2 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.0 -4.1 -1.29 HUF
EUR/JPY 132.560 132.58 2.1 -0.98 -0.78 JPY
EUR/MXN 23.596 23.613 164.6 -82.02 14.92 MXN
EUR/NOK 9.7556 9.7750 194.4 -8.46 -6.45 NOK
EUR/NZD 1.6357 1.6361 4.0 -1.75 -0.94 NZD
EUR/PLN 4.5584 4.5649 64.6 -4.81 -1.77 PLN
EUR/RUB 82.298 82.5120 2,139.0 -360.01 -91.01 RUB
EUR/SEK 9.98240 9.9982 158.6 -9 -7.06 SEK
EUR/SGD 1.5626 1.5643 17.6 -1.52 -1.12 SGD
EUR/TRY 10.716 10.777 610.7 -50.89 -21.39 TRY
EUR/USD 1.1596 1.1598 1.8 -0.97 -0.72 USD
EUR/ZAR 16.922 16.982 594.1 -60.66 -4.26 ZAR
GBP/AUD 1.8534 1.8540 6.0 -1.41 -1.35 AUD
GBP/CAD 1.7017 1.7022 5.1 -1.29 -1.26 CAD
GBP/CHF 1.2702 1.2709 6.8 -0.62 -1.15 CHF
GBP/DKK 8.8218 8.8271 53.3 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/JPY 157.24 157.29 4.6 -1.05 -1.06 JPY
GBP/MXN 27.982 28.015 324.5 -87.94 16.66 MXN
GBP/NOK 11.535 11.629 946.6 -7.44 -11.16 NOK
GBP/NZD 1.94020 1.9412 10.8 -1.63 -1.38 NZD
GBP/PLN 5.4163 5.4455 292.5 -4.65 -3.01 PLN
GBP/SEK 11.834 11.870 362.1 -8 -9.2 SEK
GBP/SGD 1.8536 1.8560 23.7 -1.75 -1.67 SGD
GBP/TRY 12.711 12.785 736.7 -62.99 -32.33 TRY
GBP/USD 1.3756 1.3759 2.6 -0.89 -0.84 USD
GBP/ZAR 20.074 20.148 735.4 -64.44 -6.94 ZAR
NOK/SEK 1.02100 1.02750 65.0 -0.42 -1.06 SEK
NZD/CAD 0.8767 0.8773 6.0 -0.64 -0.74 CAD
NZD/CHF 0.65450 0.6549 4.1 -0.33 -0.67 CHF
NZD/JPY 81.0220 81.0490 2.7 -0.46 -0.63 JPY
NZD/SGD 0.9551 0.9563 12.0 -0.68 -0.79 SGD
NZD/USD 0.7087 0.7090 2.5 -0.46 -0.51 USD
USD/CAD 1.2370 1.2373 2.3 -0.99 -0.99 CAD
USD/CHF 0.92340 0.92360 2.0 -0.47 -1.19 CHF
USD/CNH 6.43120 6.43760 64.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.4117 6.4196 79.1 -3.35 -5.85 DKK
USD/HKD 7.7770 7.77900 19.3 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.0 -3.41 -2.11 HUF
USD/JPY 114.30 114.31 1.6 -0.69 -0.88 JPY
USD/MXN 20.346 20.360 145.7 -74.81 9.19 MXN
USD/NOK 8.4017 8.4324 306.8 -5.76 -7.4 NOK
USD/PLN 3.92640 3.9453 189.7 -3.62 -2.43 PLN
USD/RUB 70.979 71.108 1,294.0 -45.41 -15.07 RUB
USD/SEK 8.6031 8.6254 222.8 -6.47 -7.96 SEK
USD/SGD 1.3480 1.3487 7.7 -1.08 -1.19 SGD
USD/TRY 9.2343 9.2868 525.6 -47.71 -21.71 TRY
USD/ZAR 14.596 14.623 265.6 -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)