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 0.9260 0.9264 4.3 -0.72 -0.72 CAD
AUD/CHF 0.69090 0.69130 4.0 -0.38 -0.68 CHF
AUD/JPY 85.8150 85.8400 2.5 -0.68 -0.63 JPY
AUD/NZD 1.0430 1.0433 3.0 -0.91 -0.92 NZD
AUD/USD 0.7510 0.7512 2.1 -0.51 -0.51 USD
CAD/CHF 0.7459 0.7462 2.9 -0.41 -0.74 CHF
CAD/JPY 92.6450 92.6720 2.7 -0.55 -0.7 JPY
CHF/JPY 124.170 124.19 2.8 -1.01 -0.66 JPY
EUR/AUD 1.5500 1.5503 3.1 -1.53 -1.36 AUD
EUR/CAD 1.4357 1.4360 3.6 -1.35 -0.86 CAD
EUR/CHF 1.0712 1.0714 2.0 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4396 7.4415 19.6 -5.11 -5.01 DKK
EUR/GBP 0.8425 0.8427 2.4 -0.8 -0.53 GBP
EUR/HKD 9.0479 9.0561 81.8 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.0 -4.1 -1.29 HUF
EUR/JPY 133.03 133.05 2.1 -0.98 -0.78 JPY
EUR/MXN 23.477 23.511 330.4 -82.02 14.92 MXN
EUR/NOK 9.7178 9.72230 44.3 -8.46 -6.45 NOK
EUR/NZD 1.6168 1.6175 6.2 -1.75 -0.94 NZD
EUR/PLN 4.5838 4.5863 25.0 -4.81 -1.77 PLN
EUR/RUB 82.533 82.581 481.0 -360.01 -91.01 RUB
EUR/SEK 10.005 10.010 48.3 -9 -7.06 SEK
EUR/SGD 1.56390 1.5649 10.3 -1.52 -1.12 SGD
EUR/TRY 10.729 10.759 298.2 -50.89 -21.39 TRY
EUR/USD 1.1643 1.1644 1.4 -0.97 -0.72 USD
EUR/ZAR 16.798 16.820 210.8 -60.66 -4.26 ZAR
GBP/AUD 1.8394 1.8399 4.9 -1.41 -1.35 AUD
GBP/CAD 1.7038 1.7042 3.8 -1.29 -1.26 CAD
GBP/CHF 1.2712 1.2717 5.4 -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 157.88 157.90 2.5 -1.05 -1.06 JPY
GBP/MXN 27.873 27.884 112.7 -87.94 16.66 MXN
GBP/NOK 11.531 11.539 83.7 -7.44 -11.16 NOK
GBP/NZD 1.9187 1.9197 9.8 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 293.7 -4.65 -3.01 PLN
GBP/SEK 11.871 11.882 110.1 -8 -9.2 SEK
GBP/SGD 1.8559 1.8572 13.2 -1.75 -1.67 SGD
GBP/TRY 12.733 12.769 363.3 -62.99 -32.33 TRY
GBP/USD 1.3817 1.3819 1.6 -0.89 -0.84 USD
GBP/ZAR 19.935 19.962 274.6 -64.44 -6.94 ZAR
NOK/SEK 1.02500 1.03200 70.0 -0.42 -1.06 SEK
NZD/CAD 0.88760 0.8882 6.4 -0.64 -0.74 CAD
NZD/CHF 0.66230 0.6627 4.2 -0.33 -0.67 CHF
NZD/JPY 82.2550 82.2820 2.7 -0.46 -0.63 JPY
NZD/SGD 0.96690 0.96780 9.0 -0.68 -0.79 SGD
NZD/USD 0.7198 0.7201 2.6 -0.46 -0.51 USD
USD/CAD 1.2330 1.2332 2.0 -0.99 -0.99 CAD
USD/CHF 0.9200 0.9201 1.7 -0.47 -1.19 CHF
USD/CNH 6.39240 6.39420 18.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.3889 6.3913 24.4 -3.35 -5.85 DKK
USD/HKD 7.7745 7.7749 4.0 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.0 -3.41 -2.11 HUF
USD/JPY 114.25 114.270 1.5 -0.69 -0.88 JPY
USD/MXN 20.172 20.175 32.6 -74.81 9.19 MXN
USD/NOK 8.3426 8.3523 97.0 -5.76 -7.4 NOK
USD/PLN 3.9229 3.94240 194.5 -3.62 -2.43 PLN
USD/RUB 70.886 70.911 254.0 -45.41 -15.07 RUB
USD/SEK 8.5911 8.5986 74.2 -6.47 -7.96 SEK
USD/SGD 1.3433 1.34370 3.2 -1.08 -1.19 SGD
USD/TRY 9.2191 9.2266 74.8 -47.71 -21.71 TRY
USD/ZAR 14.432 14.441 89.9 -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)