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 0.9255 0.9259 3.8 -0.72 -0.72 CAD
AUD/CHF 0.6909 0.6912 3.7 -0.38 -0.68 CHF
AUD/JPY 85.8040 85.8330 2.9 -0.68 -0.63 JPY
AUD/NZD 1.0429 1.0433 3.4 -0.91 -0.92 NZD
AUD/USD 0.7512 0.7514 2.3 -0.51 -0.51 USD
CAD/CHF 0.7463 0.7466 3.1 -0.41 -0.74 CHF
CAD/JPY 92.6840 92.7140 3.0 -0.55 -0.7 JPY
CHF/JPY 124.16 124.19 3.1 -1.01 -0.66 JPY
EUR/AUD 1.5496 1.5499 3.5 -1.53 -1.36 AUD
EUR/CAD 1.4346 1.4349 3.5 -1.35 -0.86 CAD
EUR/CHF 1.0709 1.0711 2.3 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.4 -2.61 -1.58 CZK
EUR/DKK 7.4396 7.4416 19.7 -5.11 -5.01 DKK
EUR/GBP 0.84240 0.8426 2.8 -0.8 -0.53 GBP
EUR/HKD 9.0504 9.0578 74.0 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.4 -4.1 -1.29 HUF
EUR/JPY 132.99 133.01 2.4 -0.98 -0.78 JPY
EUR/MXN 23.472 23.503 311.4 -82.02 14.92 MXN
EUR/NOK 9.7223 9.7273 49.4 -8.46 -6.45 NOK
EUR/NZD 1.6163 1.6170 6.6 -1.75 -0.94 NZD
EUR/PLN 4.58680 4.5890 22.4 -4.81 -1.77 PLN
EUR/RUB 82.532 82.580 478.4 -360.01 -91.01 RUB
EUR/SEK 10.004 10.008 44.1 -9 -7.06 SEK
EUR/SGD 1.5635 1.5645 10.4 -1.52 -1.12 SGD
EUR/TRY 10.736 10.767 310.8 -50.89 -21.39 TRY
EUR/USD 1.1644 1.16460 1.8 -0.97 -0.72 USD
EUR/ZAR 16.812 16.832 207.3 -60.66 -4.26 ZAR
GBP/AUD 1.8392 1.8396 4.1 -1.41 -1.35 AUD
GBP/CAD 1.7027 1.7031 4.2 -1.29 -1.26 CAD
GBP/CHF 1.2709 1.27150 5.3 -0.62 -1.15 CHF
GBP/DKK 8.8240 8.8293 53.7 -4.46 -6.96 DKK
GBP/HKD 10.797 10.798 16.6 -13.18 -9.13 HKD
GBP/JPY 157.84 157.87 2.7 -1.05 -1.06 JPY
GBP/MXN 27.870 27.882 112.8 -87.94 16.66 MXN
GBP/NOK 11.538 11.546 84.5 -7.44 -11.16 NOK
GBP/NZD 1.9183 1.9193 10.2 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 294.1 -4.65 -3.01 PLN
GBP/SEK 11.873 11.879 67.9 -8 -9.2 SEK
GBP/SGD 1.8556 1.8570 14.0 -1.75 -1.67 SGD
GBP/TRY 12.744 12.780 364.4 -62.99 -32.33 TRY
GBP/USD 1.3820 1.3822 2.3 -0.89 -0.84 USD
GBP/ZAR 19.951 19.980 281.9 -64.44 -6.94 ZAR
NOK/SEK 1.0249 1.0320 70.4 -0.42 -1.06 SEK
NZD/CAD 0.8871 0.8878 6.7 -0.64 -0.74 CAD
NZD/CHF 0.6622 0.6627 4.5 -0.33 -0.67 CHF
NZD/JPY 82.2520 82.2840 3.2 -0.46 -0.63 JPY
NZD/SGD 0.9669 0.9679 9.5 -0.68 -0.79 SGD
NZD/USD 0.7201 0.7204 3.0 -0.46 -0.51 USD
USD/CAD 1.2319 1.2322 2.4 -0.99 -0.99 CAD
USD/CHF 0.9196 0.9198 2.1 -0.47 -1.19 CHF
USD/CNH 6.3902 6.3920 17.4 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.4 -2.7 -1.5 CZK
USD/DKK 6.3885 6.3909 24.1 -3.35 -5.85 DKK
USD/HKD 7.7745 7.7750 4.4 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.4 -3.41 -2.11 HUF
USD/JPY 114.20 114.22 1.8 -0.69 -0.88 JPY
USD/MXN 20.166 20.171 54.4 -74.81 9.19 MXN
USD/NOK 8.3463 8.3561 97.6 -5.76 -7.4 NOK
USD/PLN 3.9229 3.9424 194.9 -3.62 -2.43 PLN
USD/RUB 70.885 70.910 254.4 -45.41 -15.07 RUB
USD/SEK 8.5895 8.5969 73.4 -6.47 -7.96 SEK
USD/SGD 1.3429 1.3433 4.0 -1.08 -1.19 SGD
USD/TRY 9.2252 9.2318 66.3 -47.71 -21.71 TRY
USD/ZAR 14.439 14.451 121.7 -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)