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 0.9376 0.9381 4.6 -0.72 -0.72 CAD
AUD/CHF 0.64540 0.6456 2.5 -0.38 -0.68 CHF
AUD/JPY 73.5890 73.6150 2.6 -0.68 -0.63 JPY
AUD/NZD 1.0606 1.0609 3.1 -0.91 -0.92 NZD
AUD/USD 0.7048 0.7050 1.9 -0.51 -0.51 USD
CAD/CHF 0.6880 0.6884 3.6 -0.41 -0.74 CHF
CAD/JPY 78.4590 78.4900 3.1 -0.55 -0.7 JPY
CHF/JPY 114.00 114.03 2.7 -1.01 -0.66 JPY
EUR/AUD 1.6565 1.6567 2.6 -1.53 -1.36 AUD
EUR/CAD 1.5535 1.5540 4.8 -1.35 -0.86 CAD
EUR/CHF 1.0693 1.0695 1.6 -0.83 -0.85 CHF
EUR/CZK 27.229 27.354 1,256.0 -2.61 -1.58 CZK
EUR/DKK 7.4453 7.44760 22.2 -5.11 -5.01 DKK
EUR/GBP 0.9005 0.9008 3.5 -0.8 -0.53 GBP
EUR/HKD 9.0549 9.0565 15.9 -9.98 -5.95 HKD
EUR/HUF 366.78 369.10 23,190.0 -4.1 -1.29 HUF
EUR/JPY 121.92 121.94 2.0 -0.98 -0.78 JPY
EUR/MXN 24.851 24.861 108.0 -82.02 14.92 MXN
EUR/NOK 11.107 11.111 37.0 -8.46 -6.45 NOK
EUR/NZD 1.7572 1.7576 3.2 -1.75 -0.94 NZD
EUR/PLN 4.62450 4.62680 23.0 -4.81 -1.77 PLN
EUR/RUB 92.383 92.552 1,698.0 -360.01 -91.01 RUB
EUR/SEK 10.368 10.371 32.0 -9 -7.06 SEK
EUR/SGD 1.5930 1.5934 4.7 -1.52 -1.12 SGD
EUR/TRY 9.7615 9.7844 228.7 -50.89 -21.39 TRY
EUR/USD 1.1678 1.1679 1.5 -0.97 -0.72 USD
EUR/ZAR 18.974 19.000 257.9 -60.66 -4.26 ZAR
GBP/AUD 1.8391 1.8394 2.9 -1.41 -1.35 AUD
GBP/CAD 1.7248 1.7254 5.9 -1.29 -1.26 CAD
GBP/CHF 1.1871 1.1874 2.9 -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 135.36 135.390 2.2 -1.05 -1.06 JPY
GBP/MXN 27.591 27.602 118.4 -87.94 16.66 MXN
GBP/NOK 12.332 12.336 35.6 -7.44 -11.16 NOK
GBP/NZD 1.9510 1.9514 4.4 -1.63 -1.38 NZD
GBP/PLN 5.1251 5.1480 229.5 -4.65 -3.01 PLN
GBP/SEK 11.512 11.515 30.9 -8 -9.2 SEK
GBP/SGD 1.7686 1.7691 5.2 -1.75 -1.67 SGD
GBP/TRY 10.837 10.863 260.3 -62.99 -32.33 TRY
GBP/USD 1.2965 1.2967 1.7 -0.89 -0.84 USD
GBP/ZAR 21.064 21.098 342.4 -64.44 -6.94 ZAR
NOK/SEK 0.92900 0.93800 90.0 -0.42 -1.06 SEK
NZD/CAD 0.8837 0.8844 6.8 -0.64 -0.74 CAD
NZD/CHF 0.6083 0.6086 2.6 -0.33 -0.67 CHF
NZD/JPY 69.3600 69.3950 3.5 -0.46 -0.63 JPY
NZD/SGD 0.9063 0.9067 4.2 -0.68 -0.79 SGD
NZD/USD 0.6644 0.6646 2.4 -0.46 -0.51 USD
USD/CAD 1.3303 1.3305 2.1 -0.99 -0.99 CAD
USD/CHF 0.9156 0.9157 1.6 -0.47 -1.19 CHF
USD/CNH 6.68140 6.68320 18.0 -13.73 -8.83 CNH
USD/CZK 23.3120 23.429 1,172.0 -2.7 -1.5 CZK
USD/DKK 6.3744 6.37770 32.8 -3.35 -5.85 DKK
USD/HKD 7.7537 7.7542 5.0 -8.7 -3.76 HKD
USD/HUF 314.12 316.10 19,810.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 104.39 104.41 1.4 -0.69 -0.88 JPY
USD/MXN 21.278 21.287 87.7 -74.81 9.19 MXN
USD/NOK 9.5068 9.5180 111.8 -5.76 -7.4 NOK
USD/PLN 3.9522 3.9709 186.5 -3.62 -2.43 PLN
USD/RUB 79.107 79.243 1,364.0 -45.41 -15.07 RUB
USD/SEK 8.87490 8.88380 89.0 -6.47 -7.96 SEK
USD/SGD 1.3640 1.36440 3.7 -1.08 -1.19 SGD
USD/TRY 8.3628 8.3688 59.9 -47.71 -21.71 TRY
USD/ZAR 16.253 16.264 109.6 -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)