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 0.9242 0.9246 3.7 -0.72 -0.72 CAD
AUD/CHF 0.6882 0.6886 3.8 -0.38 -0.68 CHF
AUD/JPY 85.4060 85.4310 2.5 -0.68 -0.63 JPY
AUD/NZD 1.0447 1.04510 3.1 -0.91 -0.92 NZD
AUD/USD 0.7497 0.7499 1.9 -0.51 -0.51 USD
CAD/CHF 0.7445 0.7448 2.8 -0.41 -0.74 CHF
CAD/JPY 92.3870 92.4130 2.6 -0.55 -0.7 JPY
CHF/JPY 124.05 124.08 2.8 -1.01 -0.66 JPY
EUR/AUD 1.5527 1.5530 2.9 -1.53 -1.36 AUD
EUR/CAD 1.4353 1.4357 3.5 -1.35 -0.86 CAD
EUR/CHF 1.0689 1.0691 1.9 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4399 7.4408 8.9 -5.11 -5.01 DKK
EUR/GBP 0.8426 0.8428 2.3 -0.8 -0.53 GBP
EUR/HKD 9.0494 9.0560 66.1 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.0 -4.1 -1.29 HUF
EUR/JPY 132.63 132.65 2.0 -0.98 -0.78 JPY
EUR/MXN 23.588 23.632 439.0 -82.02 14.92 MXN
EUR/NOK 9.6996 9.7051 55.4 -8.46 -6.45 NOK
EUR/NZD 1.6223 1.62300 6.6 -1.75 -0.94 NZD
EUR/PLN 4.6034 4.60630 28.1 -4.81 -1.77 PLN
EUR/RUB 82.757 82.789 322.0 -360.01 -91.01 RUB
EUR/SEK 10.004 10.009 50.4 -9 -7.06 SEK
EUR/SGD 1.5660 1.5670 10.0 -1.52 -1.12 SGD
EUR/TRY 11.029 11.048 188.0 -50.89 -21.39 TRY
EUR/USD 1.1643 1.1645 1.5 -0.97 -0.72 USD
EUR/ZAR 16.949 16.971 215.6 -60.66 -4.26 ZAR
GBP/AUD 1.8425 1.8428 3.4 -1.41 -1.35 AUD
GBP/CAD 1.7032 1.7036 4.0 -1.29 -1.26 CAD
GBP/CHF 1.2683 1.26890 5.9 -0.62 -1.15 CHF
GBP/DKK 8.8240 8.8293 53.3 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/JPY 157.38 157.40 2.3 -1.05 -1.06 JPY
GBP/MXN 28.001 28.024 236.5 -87.94 16.66 MXN
GBP/NOK 11.468 11.558 898.5 -7.44 -11.16 NOK
GBP/NZD 1.9248 1.9261 13.4 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 293.7 -4.65 -3.01 PLN
GBP/SEK 11.878 11.889 111.0 -8 -9.2 SEK
GBP/SGD 1.8582 1.8595 13.0 -1.75 -1.67 SGD
GBP/TRY 13.087 13.110 224.7 -62.99 -32.33 TRY
GBP/USD 1.3816 1.3818 1.6 -0.89 -0.84 USD
GBP/ZAR 20.112 20.140 281.7 -64.44 -6.94 ZAR
NOK/SEK 1.02750 1.03450 70.0 -0.42 -1.06 SEK
NZD/CAD 0.8843 0.8849 6.0 -0.64 -0.74 CAD
NZD/CHF 0.65860 0.6590 4.4 -0.33 -0.67 CHF
NZD/JPY 81.7280 81.7560 2.8 -0.46 -0.63 JPY
NZD/SGD 0.9649 0.96590 9.6 -0.68 -0.79 SGD
NZD/USD 0.71750 0.7177 2.4 -0.46 -0.51 USD
USD/CAD 1.23270 1.23290 2.0 -0.99 -0.99 CAD
USD/CHF 0.9180 0.91820 1.9 -0.47 -1.19 CHF
USD/CNH 6.38870 6.39040 17.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.3888 6.3903 14.4 -3.35 -5.85 DKK
USD/HKD 7.7744 7.7749 5.0 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.0 -3.41 -2.11 HUF
USD/JPY 113.90 113.91 1.4 -0.69 -0.88 JPY
USD/MXN 20.272 20.275 28.8 -74.81 9.19 MXN
USD/NOK 8.3287 8.3373 85.6 -5.76 -7.4 NOK
USD/PLN 3.9360 3.9567 206.5 -3.62 -2.43 PLN
USD/RUB 71.081 71.093 126.0 -45.41 -15.07 RUB
USD/SEK 8.5906 8.5975 68.4 -6.47 -7.96 SEK
USD/SGD 1.3451 1.3455 3.8 -1.08 -1.19 SGD
USD/TRY 9.4645 9.4703 58.1 -47.71 -21.71 TRY
USD/ZAR 14.562 14.569 76.0 -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)