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 0.9437 0.9445 7.7 -0.72 -0.72 CAD
AUD/CHF 0.6543 0.6546 3.1 -0.38 -0.68 CHF
AUD/JPY 74.7340 74.7630 2.9 -0.68 -0.63 JPY
AUD/NZD 1.0598 1.0602 3.5 -0.91 -0.92 NZD
AUD/USD 0.6940 0.6943 2.3 -0.51 -0.51 USD
CAD/CHF 0.69290 0.6934 5.5 -0.41 -0.74 CHF
CAD/JPY 79.1410 79.1930 5.2 -0.55 -0.7 JPY
CHF/JPY 114.18 114.23 5.2 -1.01 -0.66 JPY
EUR/AUD 1.6236 1.6239 3.1 -1.53 -1.36 AUD
EUR/CAD 1.53280 1.5335 7.9 -1.35 -0.86 CAD
EUR/CHF 1.0625 1.0628 2.9 -0.83 -0.85 CHF
EUR/CZK 26.637 26.738 1,009.4 -2.61 -1.58 CZK
EUR/DKK 7.44790 7.4510 31.7 -5.11 -5.01 DKK
EUR/GBP 0.8975 0.89790 3.5 -0.8 -0.53 GBP
EUR/HKD 8.7355 8.7369 13.5 -9.98 -5.95 HKD
EUR/HUF 354.04 355.51 14,640.4 -4.1 -1.29 HUF
EUR/JPY 121.36 121.38 2.2 -0.98 -0.78 JPY
EUR/MXN 25.650 25.662 116.4 -82.02 14.92 MXN
EUR/NOK 10.685 10.693 74.4 -8.46 -6.45 NOK
EUR/NZD 1.7211 1.7214 3.6 -1.75 -0.94 NZD
EUR/PLN 4.4718 4.4780 61.4 -4.81 -1.77 PLN
EUR/RUB 80.576 80.695 1,182.4 -360.01 -91.01 RUB
EUR/SEK 10.433 10.441 75.4 -9 -7.06 SEK
EUR/SGD 1.5724 1.5735 11.2 -1.52 -1.12 SGD
EUR/TRY 7.7240 7.7504 264.1 -50.89 -21.39 TRY
EUR/USD 1.1271 1.1273 1.8 -0.97 -0.72 USD
EUR/ZAR 19.292 19.343 505.9 -60.66 -4.26 ZAR
GBP/AUD 1.8086 1.8089 3.4 -1.41 -1.35 AUD
GBP/CAD 1.7072 1.7084 11.8 -1.29 -1.26 CAD
GBP/CHF 1.18370 1.1840 3.3 -0.62 -1.15 CHF
GBP/CZK 28.617 28.617 0.4 -2.67 -2.63 CZK
GBP/DKK 8.27020 8.2754 52.6 -4.46 -6.96 DKK
GBP/HKD 9.5689 9.5721 32.1 -13.18 -9.13 HKD
GBP/HUF 360.09 360.10 0.4 -4.36 -2.62 HUF
GBP/JPY 135.19 135.21 2.5 -1.05 -1.06 JPY
GBP/MXN 28.573 28.586 128.2 -87.94 16.66 MXN
GBP/NOK 11.903 11.911 84.7 -7.44 -11.16 NOK
GBP/NZD 1.9172 1.9176 4.5 -1.63 -1.38 NZD
GBP/PLN 4.9677 4.9897 219.6 -4.65 -3.01 PLN
GBP/SEK 11.621 11.631 101.7 -8 -9.2 SEK
GBP/SGD 1.7514 1.7529 14.8 -1.75 -1.67 SGD
GBP/TRY 8.6057 8.6321 263.7 -62.99 -32.33 TRY
GBP/USD 1.2555 1.2557 2.2 -0.89 -0.84 USD
GBP/ZAR 21.489 21.549 602.5 -64.44 -6.94 ZAR
NOK/SEK 0.9704 0.9805 100.4 -0.42 -1.06 SEK
NZD/CAD 0.8902 0.8911 8.6 -0.64 -0.74 CAD
NZD/CHF 0.6172 0.6175 3.0 -0.33 -0.67 CHF
NZD/JPY 70.4990 70.5290 3.0 -0.46 -0.63 JPY
NZD/SGD 0.9132 0.9143 10.2 -0.68 -0.79 SGD
NZD/USD 0.6547 0.6550 2.9 -0.46 -0.51 USD
USD/CAD 1.36000 1.3602 2.2 -0.99 -0.99 CAD
USD/CHF 0.9426 0.9429 2.3 -0.47 -1.19 CHF
USD/CNH 7.0235 7.0263 27.4 -13.73 -8.83 CNH
USD/CZK 23.575 23.679 1,039.4 -2.7 -1.5 CZK
USD/DKK 6.6000 6.6119 118.5 -3.35 -5.85 DKK
USD/HKD 7.7497 7.7505 8.7 -8.7 -3.76 HKD
USD/HUF 312.40 314.18 17,780.4 -3.41 -2.11 HUF
USD/ILS 3.7929 3.7930 0.4 -0.56 -0.7 ILS
USD/JPY 107.66 107.68 1.9 -0.69 -0.88 JPY
USD/MXN 22.756 22.765 91.8 -74.81 9.19 MXN
USD/NOK 9.4728 9.4884 156.1 -5.76 -7.4 NOK
USD/PLN 3.9562 3.9711 149.1 -3.62 -2.43 PLN
USD/RUB 71.405 71.495 899.4 -45.41 -15.07 RUB
USD/SEK 9.2497 9.2681 183.4 -6.47 -7.96 SEK
USD/SGD 1.3951 1.3955 3.8 -1.08 -1.19 SGD
USD/TRY 6.8509 6.8699 189.6 -47.71 -21.71 TRY
USD/ZAR 17.108 17.166 585.1 -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)