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 0.9027 0.90330 5.9 -0.72 -0.72 CAD
AUD/CHF 0.6610 0.6614 4.0 -0.38 -0.68 CHF
AUD/JPY 82.5390 82.5630 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0633 1.0636 3.1 -0.91 -0.92 NZD
AUD/USD 0.7224 0.7226 2.1 -0.51 -0.51 USD
CAD/CHF 0.7319 0.7324 4.5 -0.41 -0.74 CHF
CAD/JPY 91.4060 91.4340 2.8 -0.55 -0.7 JPY
CHF/JPY 124.83 124.87 4.2 -1.01 -0.66 JPY
EUR/AUD 1.5704 1.5707 3.2 -1.53 -1.36 AUD
EUR/CAD 1.41800 1.4185 5.5 -1.35 -0.86 CAD
EUR/CHF 1.0383 1.03860 2.7 -0.83 -0.85 CHF
EUR/CZK 24.233 24.343 1,099.0 -2.61 -1.58 CZK
EUR/DKK 7.4406 7.4458 51.6 -5.11 -5.01 DKK
EUR/GBP 0.8326 0.8329 2.6 -0.8 -0.53 GBP
EUR/HKD 8.8389 8.8426 36.2 -9.98 -5.95 HKD
EUR/HUF 354.72 356.80 20,780.0 -4.1 -1.29 HUF
EUR/JPY 129.64 129.67 2.6 -0.98 -0.78 JPY
EUR/MXN 23.165 23.238 728.4 -82.02 14.92 MXN
EUR/NOK 9.94110 9.95600 149.0 -8.46 -6.45 NOK
EUR/NZD 1.6698 1.6707 8.6 -1.75 -0.94 NZD
EUR/PLN 4.5167 4.5301 134.8 -4.81 -1.77 PLN
EUR/RUB 86.714 86.795 806.0 -360.01 -91.01 RUB
EUR/SEK 10.322 10.333 114.6 -9 -7.06 SEK
EUR/SGD 1.5284 1.5294 10.4 -1.52 -1.12 SGD
EUR/TRY 15.131 15.260 1,284.9 -50.89 -21.39 TRY
EUR/USD 1.1347 1.13490 1.6 -0.97 -0.72 USD
EUR/ZAR 17.343 17.366 234.3 -60.66 -4.26 ZAR
GBP/AUD 1.8855 1.8862 7.0 -1.41 -1.35 AUD
GBP/CAD 1.7026 1.70340 7.6 -1.29 -1.26 CAD
GBP/CHF 1.2467 1.2472 5.5 -0.62 -1.15 CHF
GBP/DKK 8.7287 8.7340 52.3 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.2 -13.18 -9.13 HKD
GBP/JPY 155.67 155.69 2.4 -1.05 -1.06 JPY
GBP/MXN 27.878 27.890 125.5 -87.94 16.66 MXN
GBP/NOK 11.931 11.960 289.1 -7.44 -11.16 NOK
GBP/NZD 2.0049 2.00630 13.8 -1.63 -1.38 NZD
GBP/PLN 5.42540 5.4385 131.9 -4.65 -3.01 PLN
GBP/SEK 12.386 12.416 305.3 -8 -9.2 SEK
GBP/SGD 1.8351 1.8366 14.8 -1.75 -1.67 SGD
GBP/TRY 18.171 18.328 1,565.3 -62.99 -32.33 TRY
GBP/USD 1.3625 1.3627 1.7 -0.89 -0.84 USD
GBP/ZAR 20.823 20.855 326.3 -64.44 -6.94 ZAR
NOK/SEK 1.02900 1.04700 180.0 -0.42 -1.06 SEK
NZD/CAD 0.8486 0.8494 7.7 -0.64 -0.74 CAD
NZD/CHF 0.6214 0.6219 4.8 -0.33 -0.67 CHF
NZD/JPY 77.6020 77.6380 3.6 -0.46 -0.63 JPY
NZD/SGD 0.9148 0.9157 9.7 -0.68 -0.79 SGD
NZD/USD 0.6792 0.6794 2.6 -0.46 -0.51 USD
USD/CAD 1.2496 1.2498 2.1 -0.99 -0.99 CAD
USD/CHF 0.9149 0.91520 2.2 -0.47 -1.19 CHF
USD/CNH 6.34720 6.34940 22.0 -13.73 -8.83 CNH
USD/CZK 21.369 21.444 750.0 -2.7 -1.5 CZK
USD/DKK 6.5538 6.5609 71.1 -3.35 -5.85 DKK
USD/HKD 7.79090 7.79130 4.0 -8.7 -3.76 HKD
USD/HUF 312.810 314.03 12,280.0 -3.41 -2.11 HUF
USD/JPY 114.24 114.26 1.6 -0.69 -0.88 JPY
USD/MXN 20.458 20.471 134.8 -74.81 9.19 MXN
USD/NOK 8.7617 8.77210 103.5 -5.76 -7.4 NOK
USD/PLN 3.9807 3.9896 88.7 -3.62 -2.43 PLN
USD/RUB 76.412 76.473 609.0 -45.41 -15.07 RUB
USD/SEK 9.09610 9.1050 89.1 -6.47 -7.96 SEK
USD/SGD 1.3468 1.3477 8.9 -1.08 -1.19 SGD
USD/TRY 13.306 13.462 1,555.0 -47.71 -21.71 TRY
USD/ZAR 15.280 15.306 254.2 -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)