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 0.92530 0.9256 3.9 -0.72 -0.72 CAD
AUD/CHF 0.6903 0.6907 4.5 -0.38 -0.68 CHF
AUD/JPY 85.7820 85.8110 2.9 -0.68 -0.63 JPY
AUD/NZD 1.0427 1.0431 3.5 -0.91 -0.92 NZD
AUD/USD 0.7510 0.7512 2.4 -0.51 -0.51 USD
CAD/CHF 0.7460 0.7463 3.2 -0.41 -0.74 CHF
CAD/JPY 92.6900 92.7180 2.8 -0.55 -0.7 JPY
CHF/JPY 124.22 124.25 3.2 -1.01 -0.66 JPY
EUR/AUD 1.5513 1.5516 3.4 -1.53 -1.36 AUD
EUR/CAD 1.4357 1.4360 3.5 -1.35 -0.86 CAD
EUR/CHF 1.0713 1.0715 2.3 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.4 -2.61 -1.58 CZK
EUR/DKK 7.4394 7.4417 23.4 -5.11 -5.01 DKK
EUR/GBP 0.8428 0.8431 2.8 -0.8 -0.53 GBP
EUR/HKD 9.0548 9.0642 94.0 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.4 -4.1 -1.29 HUF
EUR/JPY 133.10 133.12 2.5 -0.98 -0.78 JPY
EUR/MXN 23.508 23.549 415.4 -82.02 14.92 MXN
EUR/NOK 9.6989 9.7078 88.6 -8.46 -6.45 NOK
EUR/NZD 1.6177 1.6184 6.8 -1.75 -0.94 NZD
EUR/PLN 4.5828 4.5854 25.8 -4.81 -1.77 PLN
EUR/RUB 82.513 82.565 518.4 -360.01 -91.01 RUB
EUR/SEK 10.004 10.010 54.8 -9 -7.06 SEK
EUR/SGD 1.5645 1.5659 14.0 -1.52 -1.12 SGD
EUR/TRY 10.713 10.778 648.7 -50.89 -21.39 TRY
EUR/USD 1.1652 1.1654 1.8 -0.97 -0.72 USD
EUR/ZAR 16.780 16.817 362.8 -60.66 -4.26 ZAR
GBP/AUD 1.8403 1.8407 4.0 -1.41 -1.35 AUD
GBP/CAD 1.7031 1.7035 4.1 -1.29 -1.26 CAD
GBP/CHF 1.2707 1.2714 6.3 -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 157.89 157.92 2.8 -1.05 -1.06 JPY
GBP/MXN 27.909 27.921 119.3 -87.94 16.66 MXN
GBP/NOK 11.507 11.515 80.6 -7.44 -11.16 NOK
GBP/NZD 1.9190 1.9201 10.8 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 294.1 -4.65 -3.01 PLN
GBP/SEK 11.865 11.877 116.7 -8 -9.2 SEK
GBP/SGD 1.8559 1.8576 16.9 -1.75 -1.67 SGD
GBP/TRY 12.708 12.787 789.3 -62.99 -32.33 TRY
GBP/USD 1.3823 1.3825 2.0 -0.89 -0.84 USD
GBP/ZAR 19.904 19.950 460.1 -64.44 -6.94 ZAR
NOK/SEK 1.0249 1.0320 70.4 -0.42 -1.06 SEK
NZD/CAD 0.8870 0.8878 7.7 -0.64 -0.74 CAD
NZD/CHF 0.6618 0.6623 4.9 -0.33 -0.67 CHF
NZD/JPY 82.2470 82.2800 3.3 -0.46 -0.63 JPY
NZD/SGD 0.9667 0.9679 12.2 -0.68 -0.79 SGD
NZD/USD 0.7200 0.7203 3.0 -0.46 -0.51 USD
USD/CAD 1.2320 1.2322 2.3 -0.99 -0.99 CAD
USD/CHF 0.9192 0.9194 2.1 -0.47 -1.19 CHF
USD/CNH 6.3916 6.3936 19.4 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.4 -2.7 -1.5 CZK
USD/DKK 6.3834 6.3860 26.7 -3.35 -5.85 DKK
USD/HKD 7.7741 7.7747 5.8 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.4 -3.41 -2.11 HUF
USD/JPY 114.21 114.23 1.8 -0.69 -0.88 JPY
USD/MXN 20.190 20.193 29.6 -74.81 9.19 MXN
USD/NOK 8.3202 8.3337 134.8 -5.76 -7.4 NOK
USD/PLN 3.9229 3.9424 194.9 -3.62 -2.43 PLN
USD/RUB 70.810 70.837 267.4 -45.41 -15.07 RUB
USD/SEK 8.58240 8.59170 93.0 -6.47 -7.96 SEK
USD/SGD 1.3429 1.3433 3.8 -1.08 -1.19 SGD
USD/TRY 9.21330 9.2240 107.2 -47.71 -21.71 TRY
USD/ZAR 14.408 14.419 115.1 -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)