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 3.9 -0.72 -0.72 CAD
AUD/CHF 0.6904 0.6909 4.5 -0.38 -0.68 CHF
AUD/JPY 85.7690 85.7940 2.5 -0.68 -0.63 JPY
AUD/NZD 1.04300 1.0433 3.1 -0.91 -0.92 NZD
AUD/USD 0.7511 0.7513 2.1 -0.51 -0.51 USD
CAD/CHF 0.7461 0.7464 2.9 -0.41 -0.74 CHF
CAD/JPY 92.6700 92.6980 2.8 -0.55 -0.7 JPY
CHF/JPY 124.18 124.21 3.0 -1.01 -0.66 JPY
EUR/AUD 1.5510 1.5513 3.0 -1.53 -1.36 AUD
EUR/CAD 1.4355 1.4358 3.3 -1.35 -0.86 CAD
EUR/CHF 1.07130 1.07150 2.0 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4395 7.4416 21.6 -5.11 -5.01 DKK
EUR/GBP 0.8427 0.8430 2.5 -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 133.05 133.07 2.2 -0.98 -0.78 JPY
EUR/MXN 23.505 23.548 433.0 -82.02 14.92 MXN
EUR/NOK 9.7109 9.7170 61.3 -8.46 -6.45 NOK
EUR/NZD 1.6178 1.6185 7.6 -1.75 -0.94 NZD
EUR/PLN 4.5832 4.58610 28.8 -4.81 -1.77 PLN
EUR/RUB 82.518 82.566 484.0 -360.01 -91.01 RUB
EUR/SEK 10.005 10.011 61.3 -9 -7.06 SEK
EUR/SGD 1.5645 1.5658 13.2 -1.52 -1.12 SGD
EUR/TRY 10.719 10.775 562.6 -50.89 -21.39 TRY
EUR/USD 1.1652 1.1654 1.5 -0.97 -0.72 USD
EUR/ZAR 16.784 16.820 358.2 -60.66 -4.26 ZAR
GBP/AUD 1.8401 1.84050 3.9 -1.41 -1.35 AUD
GBP/CAD 1.7030 1.7034 4.3 -1.29 -1.26 CAD
GBP/CHF 1.2708 1.2713 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 157.84 157.87 2.6 -1.05 -1.06 JPY
GBP/MXN 27.902 27.914 119.6 -87.94 16.66 MXN
GBP/NOK 11.520 11.530 96.7 -7.44 -11.16 NOK
GBP/NZD 1.9191 1.9204 12.8 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 293.7 -4.65 -3.01 PLN
GBP/SEK 11.870 11.876 63.1 -8 -9.2 SEK
GBP/SGD 1.8561 1.8577 16.5 -1.75 -1.67 SGD
GBP/TRY 12.717 12.787 700.6 -62.99 -32.33 TRY
GBP/USD 1.3824 1.3826 2.0 -0.89 -0.84 USD
GBP/ZAR 19.910 19.956 460.3 -64.44 -6.94 ZAR
NOK/SEK 1.02500 1.03200 70.0 -0.42 -1.06 SEK
NZD/CAD 0.88690 0.8875 6.8 -0.64 -0.74 CAD
NZD/CHF 0.6618 0.6623 4.6 -0.33 -0.67 CHF
NZD/JPY 82.2180 82.2500 3.2 -0.46 -0.63 JPY
NZD/SGD 0.9667 0.96790 11.8 -0.68 -0.79 SGD
NZD/USD 0.7200 0.7203 2.6 -0.46 -0.51 USD
USD/CAD 1.2318 1.2320 1.8 -0.99 -0.99 CAD
USD/CHF 0.9192 0.9194 1.8 -0.47 -1.19 CHF
USD/CNH 6.39150 6.39350 20.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.3835 6.3862 26.2 -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 114.17 114.190 1.5 -0.69 -0.88 JPY
USD/MXN 20.184 20.188 47.7 -74.81 9.19 MXN
USD/NOK 8.3290 8.3424 133.6 -5.76 -7.4 NOK
USD/PLN 3.9229 3.94240 194.5 -3.62 -2.43 PLN
USD/RUB 70.814 70.841 273.0 -45.41 -15.07 RUB
USD/SEK 8.5839 8.5925 86.8 -6.47 -7.96 SEK
USD/SGD 1.3429 1.3433 3.9 -1.08 -1.19 SGD
USD/TRY 9.2135 9.2238 103.2 -47.71 -21.71 TRY
USD/ZAR 14.412 14.425 129.8 -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)