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 0.9252 0.9257 4.8 -0.72 -0.72 CAD
AUD/CHF 0.6904 0.6909 4.4 -0.38 -0.68 CHF
AUD/JPY 85.7780 85.8070 2.9 -0.68 -0.63 JPY
AUD/NZD 1.0428 1.0432 3.6 -0.91 -0.92 NZD
AUD/USD 0.7513 0.7515 2.3 -0.51 -0.51 USD
CAD/CHF 0.7460 0.7463 3.1 -0.41 -0.74 CHF
CAD/JPY 92.6780 92.7080 3.0 -0.55 -0.7 JPY
CHF/JPY 124.20 124.23 3.3 -1.01 -0.66 JPY
EUR/AUD 1.5507 1.5511 3.5 -1.53 -1.36 AUD
EUR/CAD 1.43530 1.4356 3.6 -1.35 -0.86 CAD
EUR/CHF 1.0710 1.0712 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 20.2 -5.11 -5.01 DKK
EUR/GBP 0.8429 0.8431 2.7 -0.8 -0.53 GBP
EUR/HKD 9.0544 9.0635 91.2 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.4 -4.1 -1.29 HUF
EUR/JPY 133.04 133.07 2.3 -0.98 -0.78 JPY
EUR/MXN 23.486 23.516 303.0 -82.02 14.92 MXN
EUR/NOK 9.7105 9.7150 44.6 -8.46 -6.45 NOK
EUR/NZD 1.6173 1.6180 6.3 -1.75 -0.94 NZD
EUR/PLN 4.5835 4.58610 25.4 -4.81 -1.77 PLN
EUR/RUB 82.498 82.547 483.4 -360.01 -91.01 RUB
EUR/SEK 10.006 10.011 47.9 -9 -7.06 SEK
EUR/SGD 1.5647 1.5658 11.0 -1.52 -1.12 SGD
EUR/TRY 10.736 10.771 352.5 -50.89 -21.39 TRY
EUR/USD 1.1653 1.1655 1.9 -0.97 -0.72 USD
EUR/ZAR 16.822 16.843 209.7 -60.66 -4.26 ZAR
GBP/AUD 1.8394 1.8399 5.4 -1.41 -1.35 AUD
GBP/CAD 1.7024 1.7028 4.0 -1.29 -1.26 CAD
GBP/CHF 1.2703 1.2709 6.7 -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 157.81 157.84 2.6 -1.05 -1.06 JPY
GBP/MXN 27.871 27.894 225.1 -87.94 16.66 MXN
GBP/NOK 11.517 11.525 82.3 -7.44 -11.16 NOK
GBP/NZD 1.91830 1.9194 11.6 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 294.1 -4.65 -3.01 PLN
GBP/SEK 11.868 11.875 68.2 -8 -9.2 SEK
GBP/SGD 1.8560 1.8573 13.4 -1.75 -1.67 SGD
GBP/TRY 12.733 12.776 427.7 -62.99 -32.33 TRY
GBP/USD 1.3822 1.3824 1.9 -0.89 -0.84 USD
GBP/ZAR 19.951 19.978 273.9 -64.44 -6.94 ZAR
NOK/SEK 1.0249 1.0320 70.4 -0.42 -1.06 SEK
NZD/CAD 0.8870 0.8876 6.2 -0.64 -0.74 CAD
NZD/CHF 0.6619 0.6623 4.5 -0.33 -0.67 CHF
NZD/JPY 82.2360 82.2710 3.5 -0.46 -0.63 JPY
NZD/SGD 0.9671 0.9681 9.5 -0.68 -0.79 SGD
NZD/USD 0.7202 0.7205 2.8 -0.46 -0.51 USD
USD/CAD 1.2315 1.2318 2.4 -0.99 -0.99 CAD
USD/CHF 0.9190 0.9192 2.1 -0.47 -1.19 CHF
USD/CNH 6.3900 6.3920 19.4 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.4 -2.7 -1.5 CZK
USD/DKK 6.3833 6.3857 24.5 -3.35 -5.85 DKK
USD/HKD 7.7747 7.7751 4.3 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.4 -3.41 -2.11 HUF
USD/JPY 114.16 114.18 1.8 -0.69 -0.88 JPY
USD/MXN 20.169 20.173 40.4 -74.81 9.19 MXN
USD/NOK 8.3292 8.3390 98.4 -5.76 -7.4 NOK
USD/PLN 3.9229 3.9424 194.9 -3.62 -2.43 PLN
USD/RUB 70.802 70.830 279.4 -45.41 -15.07 RUB
USD/SEK 8.5844 8.5917 72.8 -6.47 -7.96 SEK
USD/SGD 1.3429 1.3433 4.1 -1.08 -1.19 SGD
USD/TRY 9.2181 9.2247 65.8 -47.71 -21.71 TRY
USD/ZAR 14.435 14.450 151.4 -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)