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 0.9819 7.1 -0.72 -0.72 CAD
AUD/CHF 0.6871 0.68770 5.7 -0.38 -0.68 CHF
AUD/JPY 80.3660 80.3950 2.9 -0.68 -0.63 JPY
AUD/NZD 1.0755 1.0760 5.3 -0.91 -0.92 NZD
AUD/USD 0.7765 0.7767 2.4 -0.51 -0.51 USD
CAD/CHF 0.7000 0.70060 5.5 -0.41 -0.74 CHF
CAD/JPY 81.8650 81.9040 3.9 -0.55 -0.7 JPY
CHF/JPY 116.90 116.95 4.8 -1.01 -0.66 JPY
EUR/AUD 1.5667 1.5671 3.9 -1.53 -1.36 AUD
EUR/CAD 1.5376 1.5384 7.7 -1.35 -0.86 CAD
EUR/CHF 1.0769 1.0773 3.6 -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 0.8860 0.8863 3.4 -0.8 -0.53 GBP
EUR/HKD 9.4280 9.4334 53.5 -9.98 -5.95 HKD
EUR/HUF 355.69 358.02 23,360.0 -4.1 -1.29 HUF
EUR/JPY 125.93 125.95 1.9 -0.98 -0.78 JPY
EUR/MXN 23.989 24.021 314.0 -82.02 14.92 MXN
EUR/NOK 10.225 10.2340 88.0 -8.46 -6.45 NOK
EUR/NZD 1.6852 1.6859 6.3 -1.75 -0.94 NZD
EUR/PLN 4.52760 4.53890 113.0 -4.81 -1.77 PLN
EUR/RUB 89.743 89.9780 2,346.0 -360.01 -91.01 RUB
EUR/SEK 10.0540 10.078 241.3 -9 -7.06 SEK
EUR/SGD 1.6090 1.6100 9.2 -1.52 -1.12 SGD
EUR/TRY 8.9585 8.9857 272.7 -50.89 -21.39 TRY
EUR/USD 1.2168 1.2170 1.8 -0.97 -0.72 USD
EUR/ZAR 18.130 18.228 985.5 -60.66 -4.26 ZAR
GBP/AUD 1.7679 1.7683 3.8 -1.41 -1.35 AUD
GBP/CAD 1.7350 1.7361 11.0 -1.29 -1.26 CAD
GBP/CHF 1.2150 1.2159 8.4 -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 142.10 142.14 3.9 -1.05 -1.06 JPY
GBP/MXN 27.070 27.106 360.1 -87.94 16.66 MXN
GBP/NOK 11.537 11.550 125.3 -7.44 -11.16 NOK
GBP/NZD 1.9016 1.9025 8.8 -1.63 -1.38 NZD
GBP/PLN 5.1006 5.1256 250.4 -4.65 -3.01 PLN
GBP/SEK 11.344 11.374 294.8 -8 -9.2 SEK
GBP/SGD 1.81570 1.81690 12.0 -1.75 -1.67 SGD
GBP/TRY 10.109 10.139 302.0 -62.99 -32.33 TRY
GBP/USD 1.3731 1.3733 2.6 -0.89 -0.84 USD
GBP/ZAR 20.456 20.565 1,084.7 -64.44 -6.94 ZAR
NOK/SEK 0.98100 0.98650 55.0 -0.42 -1.06 SEK
NZD/CAD 0.9119 0.9129 10.1 -0.64 -0.74 CAD
NZD/CHF 0.63870 0.63930 6.0 -0.33 -0.67 CHF
NZD/JPY 74.7000 74.7430 4.3 -0.46 -0.63 JPY
NZD/SGD 0.9543 0.9554 10.3 -0.68 -0.79 SGD
NZD/USD 0.7218 0.7221 3.5 -0.46 -0.51 USD
USD/CAD 1.2637 1.2641 4.3 -0.99 -0.99 CAD
USD/CHF 0.8849 0.8852 2.9 -0.47 -1.19 CHF
USD/CNH 6.46320 6.46690 37.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.11310 6.1171 40.6 -3.35 -5.85 DKK
USD/HKD 7.7511 7.7523 12.4 -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 103.48 103.50 1.5 -0.69 -0.88 JPY
USD/MXN 19.7230 19.738 154.5 -74.81 9.19 MXN
USD/NOK 8.3973 8.4139 165.9 -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 8.2626 8.2801 174.6 -6.47 -7.96 SEK
USD/SGD 1.32230 1.32290 6.0 -1.08 -1.19 SGD
USD/TRY 7.3538 7.3858 319.3 -47.71 -21.71 TRY
USD/ZAR 14.8990 14.978 795.0 -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)