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 0.9253 0.9257 3.6 -0.72 -0.72 CAD
AUD/CHF 0.6903 0.6907 4.0 -0.38 -0.68 CHF
AUD/JPY 85.7730 85.7980 2.5 -0.68 -0.63 JPY
AUD/NZD 1.0429 1.0432 3.1 -0.91 -0.92 NZD
AUD/USD 0.7511 0.7513 1.9 -0.51 -0.51 USD
CAD/CHF 0.7459 0.7462 2.8 -0.41 -0.74 CHF
CAD/JPY 92.6730 92.7000 2.7 -0.55 -0.7 JPY
CHF/JPY 124.21 124.24 2.9 -1.01 -0.66 JPY
EUR/AUD 1.55120 1.5515 3.1 -1.53 -1.36 AUD
EUR/CAD 1.4356 1.43600 3.1 -1.35 -0.86 CAD
EUR/CHF 1.0712 1.07140 1.9 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4394 7.4417 22.6 -5.11 -5.01 DKK
EUR/GBP 0.8428 0.8430 2.4 -0.8 -0.53 GBP
EUR/HKD 9.0549 9.0642 93.6 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.0 -4.1 -1.29 HUF
EUR/JPY 133.07 133.09 2.1 -0.98 -0.78 JPY
EUR/MXN 23.503 23.545 412.0 -82.02 14.92 MXN
EUR/NOK 9.7071 9.7126 55.6 -8.46 -6.45 NOK
EUR/NZD 1.6178 1.6185 6.5 -1.75 -0.94 NZD
EUR/PLN 4.5833 4.5858 25.0 -4.81 -1.77 PLN
EUR/RUB 82.522 82.572 500.0 -360.01 -91.01 RUB
EUR/SEK 10.006 10.011 54.4 -9 -7.06 SEK
EUR/SGD 1.5646 1.5660 13.2 -1.52 -1.12 SGD
EUR/TRY 10.719 10.777 588.2 -50.89 -21.39 TRY
EUR/USD 1.1654 1.1655 1.4 -0.97 -0.72 USD
EUR/ZAR 16.781 16.818 366.0 -60.66 -4.26 ZAR
GBP/AUD 1.8402 1.8405 3.6 -1.41 -1.35 AUD
GBP/CAD 1.70320 1.7035 3.8 -1.29 -1.26 CAD
GBP/CHF 1.2706 1.2712 6.2 -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 157.86 157.89 2.5 -1.05 -1.06 JPY
GBP/MXN 27.902 27.914 119.4 -87.94 16.66 MXN
GBP/NOK 11.511 11.527 162.2 -7.44 -11.16 NOK
GBP/NZD 1.9192 1.9203 10.8 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 293.7 -4.65 -3.01 PLN
GBP/SEK 11.868 11.879 117.1 -8 -9.2 SEK
GBP/SGD 1.8561 1.8578 16.5 -1.75 -1.67 SGD
GBP/TRY 12.717 12.786 686.8 -62.99 -32.33 TRY
GBP/USD 1.3825 1.3827 1.7 -0.89 -0.84 USD
GBP/ZAR 19.908 19.955 469.4 -64.44 -6.94 ZAR
NOK/SEK 1.02500 1.03200 70.0 -0.42 -1.06 SEK
NZD/CAD 0.8869 0.8876 6.6 -0.64 -0.74 CAD
NZD/CHF 0.6618 0.6622 4.4 -0.33 -0.67 CHF
NZD/JPY 82.2280 82.2570 2.9 -0.46 -0.63 JPY
NZD/SGD 0.9667 0.96790 11.9 -0.68 -0.79 SGD
NZD/USD 0.7200 0.7203 2.6 -0.46 -0.51 USD
USD/CAD 1.2318 1.2320 1.9 -0.99 -0.99 CAD
USD/CHF 0.91910 0.9192 1.7 -0.47 -1.19 CHF
USD/CNH 6.39130 6.39320 19.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.3828 6.3854 26.3 -3.35 -5.85 DKK
USD/HKD 7.7741 7.7746 5.4 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.0 -3.41 -2.11 HUF
USD/JPY 114.18 114.19 1.4 -0.69 -0.88 JPY
USD/MXN 20.183 20.186 30.0 -74.81 9.19 MXN
USD/NOK 8.3255 8.3390 134.6 -5.76 -7.4 NOK
USD/PLN 3.9229 3.94240 194.5 -3.62 -2.43 PLN
USD/RUB 70.814 70.841 264.0 -45.41 -15.07 RUB
USD/SEK 8.5832 8.5920 88.1 -6.47 -7.96 SEK
USD/SGD 1.3428 1.3432 3.8 -1.08 -1.19 SGD
USD/TRY 9.2133 9.2242 109.7 -47.71 -21.71 TRY
USD/ZAR 14.408 14.419 114.6 -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)