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 0.9808 0.9813 5.2 -0.72 -0.72 CAD
AUD/CHF 0.68400 0.6842 2.5 -0.38 -0.68 CHF
AUD/JPY 80.1490 80.1730 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0758 1.0761 3.0 -0.91 -0.92 NZD
AUD/USD 0.7732 0.7734 1.8 -0.51 -0.51 USD
CAD/CHF 0.6971 0.6975 3.9 -0.41 -0.74 CHF
CAD/JPY 81.6940 81.7220 2.8 -0.55 -0.7 JPY
CHF/JPY 117.14 117.18 3.4 -1.01 -0.66 JPY
EUR/AUD 1.57430 1.5745 2.8 -1.53 -1.36 AUD
EUR/CAD 1.5443 1.5448 5.5 -1.35 -0.86 CAD
EUR/CHF 1.0770 1.07720 1.5 -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 0.8897 0.8899 2.3 -0.8 -0.53 GBP
EUR/HKD 9.4377 9.43930 15.9 -9.98 -5.95 HKD
EUR/HUF 355.69 358.02 23,360.0 -4.1 -1.29 HUF
EUR/JPY 126.19 126.21 1.7 -0.98 -0.78 JPY
EUR/MXN 24.143 24.151 83.0 -82.02 14.92 MXN
EUR/NOK 10.293 10.298 45.0 -8.46 -6.45 NOK
EUR/NZD 1.6938 1.6941 3.1 -1.75 -0.94 NZD
EUR/PLN 4.53120 4.5344 32.2 -4.81 -1.77 PLN
EUR/RUB 90.559 90.693 1,337.0 -360.01 -91.01 RUB
EUR/SEK 10.076 10.082 64.0 -9 -7.06 SEK
EUR/SGD 1.61430 1.6148 5.4 -1.52 -1.12 SGD
EUR/TRY 9.0063 9.03110 247.3 -50.89 -21.39 TRY
EUR/USD 1.2175 1.2176 1.4 -0.97 -0.72 USD
EUR/ZAR 18.288 18.326 385.6 -60.66 -4.26 ZAR
GBP/AUD 1.7690 1.7693 2.8 -1.41 -1.35 AUD
GBP/CAD 1.7354 1.73610 6.8 -1.29 -1.26 CAD
GBP/CHF 1.2102 1.2105 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 141.81 141.83 2.0 -1.05 -1.06 JPY
GBP/MXN 27.131 27.140 91.9 -87.94 16.66 MXN
GBP/NOK 11.567 11.572 51.4 -7.44 -11.16 NOK
GBP/NZD 1.9033 1.9038 4.5 -1.63 -1.38 NZD
GBP/PLN 5.0765 5.1032 267.0 -4.65 -3.01 PLN
GBP/SEK 11.322 11.330 77.9 -8 -9.2 SEK
GBP/SGD 1.8141 1.8146 5.3 -1.75 -1.67 SGD
GBP/TRY 10.120 10.1490 283.3 -62.99 -32.33 TRY
GBP/USD 1.36820 1.3683 1.6 -0.89 -0.84 USD
GBP/ZAR 20.549 20.596 467.1 -64.44 -6.94 ZAR
NOK/SEK 0.97450 0.98500 105.0 -0.42 -1.06 SEK
NZD/CAD 0.9114 0.9122 8.0 -0.64 -0.74 CAD
NZD/CHF 0.63570 0.6359 2.7 -0.33 -0.67 CHF
NZD/JPY 74.4890 74.5160 2.7 -0.46 -0.63 JPY
NZD/SGD 0.9526 0.9536 10.4 -0.68 -0.79 SGD
NZD/USD 0.7186 0.7189 2.5 -0.46 -0.51 USD
USD/CAD 1.2684 1.2686 1.8 -0.99 -0.99 CAD
USD/CHF 0.8845 0.88470 1.5 -0.47 -1.19 CHF
USD/CNH 6.48090 6.48300 21.0 -13.73 -8.83 CNH
USD/CZK 21.188 21.302 1,141.0 -2.7 -1.5 CZK
USD/DKK 6.1088 6.1111 23.2 -3.35 -5.85 DKK
USD/HKD 7.7516 7.7520 4.6 -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 103.64 103.65 1.3 -0.69 -0.88 JPY
USD/MXN 19.828 19.835 64.2 -74.81 9.19 MXN
USD/NOK 8.4502 8.4628 125.6 -5.76 -7.4 NOK
USD/PLN 3.7240 3.7440 199.9 -3.62 -2.43 PLN
USD/RUB 74.386 74.472 859.0 -45.41 -15.07 RUB
USD/SEK 8.2731 8.28380 106.7 -6.47 -7.96 SEK
USD/SGD 1.3258 1.3262 3.6 -1.08 -1.19 SGD
USD/TRY 7.3992 7.4055 62.9 -47.71 -21.71 TRY
USD/ZAR 15.027 15.043 164.3 -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)