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 0.9805 0.9810 4.9 -0.72 -0.72 CAD
AUD/CHF 0.6841 0.6843 2.7 -0.38 -0.68 CHF
AUD/JPY 80.1100 80.1330 2.3 -0.68 -0.63 JPY
AUD/NZD 1.0757 1.0759 2.3 -0.91 -0.92 NZD
AUD/USD 0.7728 0.77300 1.8 -0.51 -0.51 USD
CAD/CHF 0.6974 0.6978 4.1 -0.41 -0.74 CHF
CAD/JPY 81.6790 81.7060 2.7 -0.55 -0.7 JPY
CHF/JPY 117.07 117.10 2.9 -1.01 -0.66 JPY
EUR/AUD 1.5747 1.5750 2.5 -1.53 -1.36 AUD
EUR/CAD 1.54430 1.5448 5.9 -1.35 -0.86 CAD
EUR/CHF 1.07750 1.0777 2.1 -0.83 -0.85 CHF
EUR/CZK 26.112 26.220 1,080.0 -2.61 -1.58 CZK
EUR/DKK 7.43890 7.4406 17.4 -5.11 -5.01 DKK
EUR/GBP 0.8903 0.8906 2.5 -0.8 -0.53 GBP
EUR/HKD 9.4348 9.4364 15.9 -9.98 -5.95 HKD
EUR/HUF 355.69 358.02 23,360.0 -4.1 -1.29 HUF
EUR/JPY 126.17 126.19 1.9 -0.98 -0.78 JPY
EUR/MXN 24.151 24.163 119.0 -82.02 14.92 MXN
EUR/NOK 10.301 10.305 43.0 -8.46 -6.45 NOK
EUR/NZD 1.6941 1.6944 2.7 -1.75 -0.94 NZD
EUR/PLN 4.53030 4.53450 42.0 -4.81 -1.77 PLN
EUR/RUB 90.668 90.754 860.0 -360.01 -91.01 RUB
EUR/SEK 10.079 10.084 46.0 -9 -7.06 SEK
EUR/SGD 1.6143 1.6151 7.8 -1.52 -1.12 SGD
EUR/TRY 8.9969 9.0238 268.9 -50.89 -21.39 TRY
EUR/USD 1.2171 1.21730 1.4 -0.97 -0.72 USD
EUR/ZAR 18.282 18.320 385.7 -60.66 -4.26 ZAR
GBP/AUD 1.7684 1.7687 2.9 -1.41 -1.35 AUD
GBP/CAD 1.7342 1.73490 6.6 -1.29 -1.26 CAD
GBP/CHF 1.2100 1.2103 3.3 -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 141.69 141.71 2.1 -1.05 -1.06 JPY
GBP/MXN 27.122 27.134 127.3 -87.94 16.66 MXN
GBP/NOK 11.567 11.572 47.1 -7.44 -11.16 NOK
GBP/NZD 1.9024 1.9028 3.9 -1.63 -1.38 NZD
GBP/PLN 5.0765 5.1032 267.0 -4.65 -3.01 PLN
GBP/SEK 11.319 11.324 50.1 -8 -9.2 SEK
GBP/SGD 1.8129 1.8137 8.3 -1.75 -1.67 SGD
GBP/TRY 10.102 10.134 311.7 -62.99 -32.33 TRY
GBP/USD 1.3668 1.36700 1.6 -0.89 -0.84 USD
GBP/ZAR 20.528 20.576 476.8 -64.44 -6.94 ZAR
NOK/SEK 0.97350 0.98400 105.0 -0.42 -1.06 SEK
NZD/CAD 0.9112 0.9120 8.1 -0.64 -0.74 CAD
NZD/CHF 0.6359 0.6361 2.7 -0.33 -0.67 CHF
NZD/JPY 74.4650 74.4890 2.4 -0.46 -0.63 JPY
NZD/SGD 0.9525 0.9536 10.3 -0.68 -0.79 SGD
NZD/USD 0.7183 0.7185 2.3 -0.46 -0.51 USD
USD/CAD 1.2688 1.2690 1.7 -0.99 -0.99 CAD
USD/CHF 0.8852 0.8854 1.9 -0.47 -1.19 CHF
USD/CNH 6.48340 6.48520 18.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.1107 6.1130 23.2 -3.35 -5.85 DKK
USD/HKD 7.7515 7.7520 5.1 -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 103.65 103.67 1.4 -0.69 -0.88 JPY
USD/MXN 19.841 19.850 88.8 -74.81 9.19 MXN
USD/NOK 8.4573 8.4699 125.7 -5.76 -7.4 NOK
USD/PLN 3.7240 3.7440 199.9 -3.62 -2.43 PLN
USD/RUB 74.496 74.554 574.0 -45.41 -15.07 RUB
USD/SEK 8.27790 8.28830 104.0 -6.47 -7.96 SEK
USD/SGD 1.3264 1.3268 3.2 -1.08 -1.19 SGD
USD/TRY 7.3940 7.4007 67.3 -47.71 -21.71 TRY
USD/ZAR 15.029 15.042 133.2 -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)