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 0.9396 0.9396 0.0 -0.72 -0.72 CAD
AUD/CHF 0.65430 0.65430 0.0 -0.38 -0.68 CHF
AUD/JPY 74.5920 74.5920 0.0 -0.68 -0.63 JPY
AUD/NZD 1.0637 1.0637 0.0 -0.91 -0.92 NZD
AUD/USD 0.6938 0.6938 0.0 -0.51 -0.51 USD
CAD/CHF 0.6955 0.6955 0.0 -0.41 -0.74 CHF
CAD/JPY 79.2430 79.2430 0.0 -0.55 -0.7 JPY
CHF/JPY 113.69 113.69 0.0 -1.01 -0.66 JPY
EUR/AUD 1.6195 1.6195 0.0 -1.53 -1.36 AUD
EUR/CAD 1.5232 1.5232 0.0 -1.35 -0.86 CAD
EUR/CHF 1.0614 1.0614 0.0 -0.83 -0.85 CHF
EUR/CZK 26.6240 26.6240 0.0 -2.61 -1.58 CZK
EUR/DKK 7.4501 7.4501 0.0 -5.11 -5.01 DKK
EUR/GBP 0.9002 0.9002 0.0 -0.8 -0.53 GBP
EUR/HKD 8.7109 8.7109 0.0 -9.98 -5.95 HKD
EUR/HUF 352.17 352.17 0.0 -4.1 -1.29 HUF
EUR/JPY 120.85 120.85 0.0 -0.98 -0.78 JPY
EUR/MXN 25.140 25.140 0.0 -82.02 14.92 MXN
EUR/NOK 10.615 10.615 0.0 -8.46 -6.45 NOK
EUR/NZD 1.7210 1.7210 0.0 -1.75 -0.94 NZD
EUR/PLN 4.45160 4.45160 0.0 -4.81 -1.77 PLN
EUR/RUB 80.2510 80.2510 0.0 -360.01 -91.01 RUB
EUR/SEK 10.460 10.460 0.0 -9 -7.06 SEK
EUR/SGD 1.5674 1.5674 0.0 -1.52 -1.12 SGD
EUR/TRY 7.6880 7.6880 0.0 -50.89 -21.39 TRY
EUR/USD 1.1241 1.1241 0.0 -0.97 -0.72 USD
EUR/ZAR 19.103 19.103 0.0 -60.66 -4.26 ZAR
GBP/AUD 1.7960 1.7960 0.0 -1.41 -1.35 AUD
GBP/CAD 1.6897 1.6897 0.0 -1.29 -1.26 CAD
GBP/CHF 1.1765 1.1765 0.0 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.0 -2.67 -2.63 CZK
GBP/DKK 8.2702 8.2702 0.0 -4.46 -6.96 DKK
GBP/HKD 9.56900 9.56900 0.0 -13.18 -9.13 HKD
GBP/HUF 360.100 360.100 0.0 -4.36 -2.62 HUF
GBP/JPY 134.090 134.090 0.0 -1.05 -1.06 JPY
GBP/MXN 27.910 27.910 0.0 -87.94 16.66 MXN
GBP/NOK 11.779 11.779 0.0 -7.44 -11.16 NOK
GBP/NZD 1.9087 1.9087 0.0 -1.63 -1.38 NZD
GBP/PLN 4.9369 4.9369 0.0 -4.65 -3.01 PLN
GBP/SEK 11.611 11.611 0.0 -8 -9.2 SEK
GBP/SGD 1.73870 1.73870 0.0 -1.75 -1.67 SGD
GBP/TRY 8.5220 8.5220 0.0 -62.99 -32.33 TRY
GBP/USD 1.2473 1.2473 0.0 -0.89 -0.84 USD
GBP/ZAR 21.222 21.222 0.0 -64.44 -6.94 ZAR
NOK/SEK 0.97250 0.97250 0.0 -0.42 -1.06 SEK
NZD/CAD 0.8832 0.8832 0.0 -0.64 -0.74 CAD
NZD/CHF 0.6148 0.6148 0.0 -0.33 -0.67 CHF
NZD/JPY 70.1110 70.1110 0.0 -0.46 -0.63 JPY
NZD/SGD 0.9087 0.9087 0.0 -0.68 -0.79 SGD
NZD/USD 0.65250 0.65250 0.0 -0.46 -0.51 USD
USD/CAD 1.3542 1.3542 0.0 -0.99 -0.99 CAD
USD/CHF 0.9437 0.9437 0.0 -0.47 -1.19 CHF
USD/CNH 7.06530 7.06530 0.0 -13.73 -8.83 CNH
USD/CZK 23.663 23.663 0.0 -2.7 -1.5 CZK
USD/DKK 6.6214 6.6214 0.0 -3.35 -5.85 DKK
USD/HKD 7.7493 7.7493 0.0 -8.7 -3.76 HKD
USD/HUF 312.92 312.92 0.0 -3.41 -2.11 HUF
USD/ILS 3.79300 3.79300 0.0 -0.56 -0.7 ILS
USD/JPY 107.47 107.47 0.0 -0.69 -0.88 JPY
USD/MXN 22.350 22.350 0.0 -74.81 9.19 MXN
USD/NOK 9.4011 9.4011 0.0 -5.76 -7.4 NOK
USD/PLN 3.9620 3.9620 0.0 -3.62 -2.43 PLN
USD/RUB 71.391 71.391 0.0 -45.41 -15.07 RUB
USD/SEK 9.3049 9.3049 0.0 -6.47 -7.96 SEK
USD/SGD 1.3934 1.3934 0.0 -1.08 -1.19 SGD
USD/TRY 6.8352 6.8352 0.0 -47.71 -21.71 TRY
USD/ZAR 17.007 17.007 0.0 -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)