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 0.9444 0.9450 5.8 -0.72 -0.72 CAD
AUD/CHF 0.6546 0.6549 2.5 -0.38 -0.68 CHF
AUD/JPY 74.7780 74.8020 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0591 1.0594 3.1 -0.91 -0.92 NZD
AUD/USD 0.6948 0.6950 1.9 -0.51 -0.51 USD
CAD/CHF 0.6928 0.69330 4.3 -0.41 -0.74 CHF
CAD/JPY 79.1440 79.1840 4.0 -0.55 -0.7 JPY
CHF/JPY 114.20 114.230 2.9 -1.01 -0.66 JPY
EUR/AUD 1.6232 1.62350 2.9 -1.53 -1.36 AUD
EUR/CAD 1.5333 1.5339 6.0 -1.35 -0.86 CAD
EUR/CHF 1.0629 1.0630 1.8 -0.83 -0.85 CHF
EUR/CZK 26.637 26.7380 1,009.0 -2.61 -1.58 CZK
EUR/DKK 7.4479 7.4510 31.3 -5.11 -5.01 DKK
EUR/GBP 0.8978 0.8981 3.1 -0.8 -0.53 GBP
EUR/HKD 8.7423 8.7436 12.9 -9.98 -5.95 HKD
EUR/HUF 354.050 355.51 14,640.0 -4.1 -1.29 HUF
EUR/JPY 121.39 121.41 1.9 -0.98 -0.78 JPY
EUR/MXN 25.657 25.672 148.0 -82.02 14.92 MXN
EUR/NOK 10.683 10.697 145.0 -8.46 -6.45 NOK
EUR/NZD 1.7194 1.7197 3.1 -1.75 -0.94 NZD
EUR/PLN 4.47140 4.47930 79.0 -4.81 -1.77 PLN
EUR/RUB 80.576 80.6950 1,182.0 -360.01 -91.01 RUB
EUR/SEK 10.435 10.444 93.0 -9 -7.06 SEK
EUR/SGD 1.5728 1.5739 10.6 -1.52 -1.12 SGD
EUR/TRY 7.7270 7.7552 282.6 -50.89 -21.39 TRY
EUR/USD 1.1280 1.1282 1.6 -0.97 -0.72 USD
EUR/ZAR 19.307 19.357 505.9 -60.66 -4.26 ZAR
GBP/AUD 1.80750 1.8078 3.1 -1.41 -1.35 AUD
GBP/CAD 1.7072 1.7082 9.8 -1.29 -1.26 CAD
GBP/CHF 1.1835 1.1838 3.1 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.2702 8.2754 52.2 -4.46 -6.96 DKK
GBP/HKD 9.56900 9.5721 31.7 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 135.17 135.20 2.8 -1.05 -1.06 JPY
GBP/MXN 28.570 28.587 166.4 -87.94 16.66 MXN
GBP/NOK 11.893 11.911 177.9 -7.44 -11.16 NOK
GBP/NZD 1.9146 1.9150 4.3 -1.63 -1.38 NZD
GBP/PLN 4.9677 4.98970 219.2 -4.65 -3.01 PLN
GBP/SEK 11.619 11.630 110.3 -8 -9.2 SEK
GBP/SGD 1.7511 1.7526 15.5 -1.75 -1.67 SGD
GBP/TRY 8.6054 8.6342 288.6 -62.99 -32.33 TRY
GBP/USD 1.25610 1.2562 1.9 -0.89 -0.84 USD
GBP/ZAR 21.495 21.557 615.6 -64.44 -6.94 ZAR
NOK/SEK 0.97050 0.98050 100.0 -0.42 -1.06 SEK
NZD/CAD 0.8915 0.8922 7.2 -0.64 -0.74 CAD
NZD/CHF 0.6180 0.61830 2.7 -0.33 -0.67 CHF
NZD/JPY 70.5890 70.6180 2.9 -0.46 -0.63 JPY
NZD/SGD 0.9144 0.9154 9.7 -0.68 -0.79 SGD
NZD/USD 0.6559 0.6561 2.5 -0.46 -0.51 USD
USD/CAD 1.3594 1.35960 1.9 -0.99 -0.99 CAD
USD/CHF 0.9421 0.9423 1.7 -0.47 -1.19 CHF
USD/CNH 7.02010 7.02270 26.0 -13.73 -8.83 CNH
USD/CZK 23.575 23.679 1,039.0 -2.7 -1.5 CZK
USD/DKK 6.6001 6.6119 118.1 -3.35 -5.85 DKK
USD/HKD 7.7496 7.7504 8.2 -8.7 -3.76 HKD
USD/HUF 312.40 314.18 17,780.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 107.61 107.630 1.8 -0.69 -0.88 JPY
USD/MXN 22.743 22.756 125.6 -74.81 9.19 MXN
USD/NOK 9.4652 9.48050 152.1 -5.76 -7.4 NOK
USD/PLN 3.9562 3.9711 148.7 -3.62 -2.43 PLN
USD/RUB 71.405 71.495 899.0 -45.41 -15.07 RUB
USD/SEK 9.24450 9.26400 195.0 -6.47 -7.96 SEK
USD/SGD 1.3944 1.3948 3.4 -1.08 -1.19 SGD
USD/TRY 6.8482 6.8687 205.1 -47.71 -21.71 TRY
USD/ZAR 17.107 17.1660 584.6 -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)