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 3.6 -0.72 -0.72 CAD
AUD/CHF 0.69010 0.6905 4.1 -0.38 -0.68 CHF
AUD/JPY 85.7710 85.7950 2.4 -0.68 -0.63 JPY
AUD/NZD 1.0427 1.0430 3.1 -0.91 -0.92 NZD
AUD/USD 0.7510 0.7512 2.0 -0.51 -0.51 USD
CAD/CHF 0.7457 0.7460 2.8 -0.41 -0.74 CHF
CAD/JPY 92.6730 92.7000 2.7 -0.55 -0.7 JPY
CHF/JPY 124.25 124.28 2.9 -1.01 -0.66 JPY
EUR/AUD 1.5514 1.5517 3.0 -1.53 -1.36 AUD
EUR/CAD 1.4358 1.4361 3.0 -1.35 -0.86 CAD
EUR/CHF 1.0709 1.07120 2.1 -0.83 -0.85 CHF
EUR/CZK 25.252 25.408 1,558.0 -2.61 -1.58 CZK
EUR/DKK 7.4394 7.4417 23.0 -5.11 -5.01 DKK
EUR/GBP 0.8428 0.8430 2.5 -0.8 -0.53 GBP
EUR/HKD 9.0551 9.0641 90.4 -9.98 -5.95 HKD
EUR/HUF 358.76 361.31 25,540.0 -4.1 -1.29 HUF
EUR/JPY 133.090 133.11 2.1 -0.98 -0.78 JPY
EUR/MXN 23.515 23.556 411.5 -82.02 14.92 MXN
EUR/NOK 9.7015 9.7072 56.9 -8.46 -6.45 NOK
EUR/NZD 1.6177 1.6184 7.0 -1.75 -0.94 NZD
EUR/PLN 4.5829 4.5855 25.3 -4.81 -1.77 PLN
EUR/RUB 82.5180 82.568 503.0 -360.01 -91.01 RUB
EUR/SEK 10.0040 10.009 54.4 -9 -7.06 SEK
EUR/SGD 1.5647 1.5661 13.6 -1.52 -1.12 SGD
EUR/TRY 10.715 10.780 649.7 -50.89 -21.39 TRY
EUR/USD 1.1654 1.1655 1.5 -0.97 -0.72 USD
EUR/ZAR 16.781 16.818 362.7 -60.66 -4.26 ZAR
GBP/AUD 1.8404 1.8407 3.8 -1.41 -1.35 AUD
GBP/CAD 1.7033 1.70370 3.7 -1.29 -1.26 CAD
GBP/CHF 1.2702 1.27090 6.2 -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 2.4 -1.05 -1.06 JPY
GBP/MXN 27.912 27.924 116.8 -87.94 16.66 MXN
GBP/NOK 11.508 11.518 101.2 -7.44 -11.16 NOK
GBP/NZD 1.9189 1.9200 10.3 -1.63 -1.38 NZD
GBP/PLN 5.4040 5.4334 293.7 -4.65 -3.01 PLN
GBP/SEK 11.865 11.876 114.9 -8 -9.2 SEK
GBP/SGD 1.8562 1.8578 16.4 -1.75 -1.67 SGD
GBP/TRY 12.710 12.789 789.0 -62.99 -32.33 TRY
GBP/USD 1.3825 1.3826 1.6 -0.89 -0.84 USD
GBP/ZAR 19.907 19.953 460.3 -64.44 -6.94 ZAR
NOK/SEK 1.02500 1.03200 70.0 -0.42 -1.06 SEK
NZD/CAD 0.8871 0.8878 7.0 -0.64 -0.74 CAD
NZD/CHF 0.6617 0.66220 4.7 -0.33 -0.67 CHF
NZD/JPY 82.2390 82.2670 2.8 -0.46 -0.63 JPY
NZD/SGD 0.9668 0.9680 11.8 -0.68 -0.79 SGD
NZD/USD 0.7201 0.7203 2.6 -0.46 -0.51 USD
USD/CAD 1.23200 1.2321 1.9 -0.99 -0.99 CAD
USD/CHF 0.91890 0.9190 1.8 -0.47 -1.19 CHF
USD/CNH 6.39160 6.39350 19.0 -13.73 -8.83 CNH
USD/CZK 21.980 22.009 294.0 -2.7 -1.5 CZK
USD/DKK 6.3828 6.3855 26.5 -3.35 -5.85 DKK
USD/HKD 7.7742 7.7747 5.4 -8.7 -3.76 HKD
USD/HUF 296.67 298.35 16,800.0 -3.41 -2.11 HUF
USD/JPY 114.19 114.20 1.4 -0.69 -0.88 JPY
USD/MXN 20.190 20.193 29.8 -74.81 9.19 MXN
USD/NOK 8.3196 8.3330 134.5 -5.76 -7.4 NOK
USD/PLN 3.9229 3.94240 194.5 -3.62 -2.43 PLN
USD/RUB 70.807 70.834 264.0 -45.41 -15.07 RUB
USD/SEK 8.5813 8.5905 92.4 -6.47 -7.96 SEK
USD/SGD 1.3429 1.3432 3.4 -1.08 -1.19 SGD
USD/TRY 9.2134 9.2240 105.5 -47.71 -21.71 TRY
USD/ZAR 14.408 14.420 116.0 -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)