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 0.9283 0.9287 4.1 -0.72 -0.72 CAD
AUD/CHF 0.6403 0.6405 2.7 -0.38 -0.68 CHF
AUD/JPY 74.2270 74.2510 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0709 1.0712 2.9 -0.91 -0.92 NZD
AUD/USD 0.7035 0.70370 1.9 -0.51 -0.51 USD
CAD/CHF 0.68950 0.68990 4.0 -0.41 -0.74 CHF
CAD/JPY 79.9370 79.9640 2.7 -0.55 -0.7 JPY
CHF/JPY 115.90 115.93 2.6 -1.01 -0.66 JPY
EUR/AUD 1.67310 1.6733 2.9 -1.53 -1.36 AUD
EUR/CAD 1.55350 1.5539 4.8 -1.35 -0.86 CAD
EUR/CHF 1.0715 1.0717 2.1 -0.83 -0.85 CHF
EUR/CZK 27.212 27.314 1,014.0 -2.61 -1.58 CZK
EUR/DKK 7.4411 7.4436 24.4 -5.11 -5.01 DKK
EUR/GBP 0.90930 0.9095 2.8 -0.8 -0.53 GBP
EUR/HKD 9.1231 9.1247 15.9 -9.98 -5.95 HKD
EUR/HUF 364.23 366.11 18,750.0 -4.1 -1.29 HUF
EUR/JPY 124.21 124.22 1.8 -0.98 -0.78 JPY
EUR/MXN 25.010 25.019 85.0 -82.02 14.92 MXN
EUR/NOK 10.986 10.990 38.0 -8.46 -6.45 NOK
EUR/NZD 1.7920 1.7923 3.3 -1.75 -0.94 NZD
EUR/PLN 4.57810 4.58100 29.0 -4.81 -1.77 PLN
EUR/RUB 91.5160 91.717 2,017.0 -360.01 -91.01 RUB
EUR/SEK 10.395 10.398 32.0 -9 -7.06 SEK
EUR/SGD 1.5974 1.5979 4.5 -1.52 -1.12 SGD
EUR/TRY 9.2887 9.3171 284.0 -50.89 -21.39 TRY
EUR/USD 1.1772 1.1773 1.4 -0.97 -0.72 USD
EUR/ZAR 19.467 19.503 362.6 -60.66 -4.26 ZAR
GBP/AUD 1.8397 1.84000 2.7 -1.41 -1.35 AUD
GBP/CAD 1.7081 1.7087 5.6 -1.29 -1.26 CAD
GBP/CHF 1.1781 1.1784 3.0 -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 136.580 136.60 2.1 -1.05 -1.06 JPY
GBP/MXN 27.501 27.510 90.0 -87.94 16.66 MXN
GBP/NOK 12.080 12.085 47.2 -7.44 -11.16 NOK
GBP/NZD 1.9704 1.9708 4.2 -1.63 -1.38 NZD
GBP/PLN 5.0240 5.0464 224.6 -4.65 -3.01 PLN
GBP/SEK 11.430 11.434 35.0 -8 -9.2 SEK
GBP/SGD 1.7565 1.7570 4.7 -1.75 -1.67 SGD
GBP/TRY 10.212 10.245 329.4 -62.99 -32.33 TRY
GBP/USD 1.2944 1.2946 1.8 -0.89 -0.84 USD
GBP/ZAR 21.403 21.448 444.6 -64.44 -6.94 ZAR
NOK/SEK 0.94150 0.95050 90.0 -0.42 -1.06 SEK
NZD/CAD 0.8666 0.8674 7.5 -0.64 -0.74 CAD
NZD/CHF 0.5978 0.5980 2.7 -0.33 -0.67 CHF
NZD/JPY 69.3010 69.3310 3.0 -0.46 -0.63 JPY
NZD/SGD 0.8912 0.8916 4.1 -0.68 -0.79 SGD
NZD/USD 0.6567 0.6570 2.4 -0.46 -0.51 USD
USD/CAD 1.3196 1.3198 1.8 -0.99 -0.99 CAD
USD/CHF 0.9101 0.9103 1.6 -0.47 -1.19 CHF
USD/CNH 6.67250 6.67440 19.0 -13.73 -8.83 CNH
USD/CZK 23.109 23.204 947.0 -2.7 -1.5 CZK
USD/DKK 6.3203 6.3233 30.7 -3.35 -5.85 DKK
USD/HKD 7.7497 7.7502 4.4 -8.7 -3.76 HKD
USD/HUF 309.39 310.96 15,690.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 105.50 105.52 1.5 -0.69 -0.88 JPY
USD/MXN 21.244 21.251 67.9 -74.81 9.19 MXN
USD/NOK 9.3269 9.3397 128.2 -5.76 -7.4 NOK
USD/PLN 3.8828 3.8968 140.1 -3.62 -2.43 PLN
USD/RUB 77.783 77.935 1,514.0 -45.41 -15.07 RUB
USD/SEK 8.82620 8.83700 108.0 -6.47 -7.96 SEK
USD/SGD 1.3569 1.3572 3.3 -1.08 -1.19 SGD
USD/TRY 7.89660 7.9027 61.8 -47.71 -21.71 TRY
USD/ZAR 16.542 16.560 177.8 -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)