Trading

Spread and Swap

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 0.98150 0.98251 10.1 -0.32 -0.59 CAD
AUD/CHF 0.74198 0.74288 9.0 0.14 -0.91 CHF
AUD/JPY 82.3670 82.4300 6.3 -0.07 -0.73 JPY
AUD/NZD 1.07257 1.07336 7.9 -0.59 -0.44 NZD
AUD/USD 0.74418 0.74455 3.7 -0.51 -0.24 USD
CAD/CHF 0.75558 0.75648 9.0 0.03 -0.78 CHF
CAD/JPY 83.8670 83.9370 7.0 -0.1 -0.71 JPY
CHF/JPY 110.918 111.028 11.0 -0.73 -0.27 JPY
EUR/AUD 1.55753 1.55854 10.1 -1.69 0.33 AUD
EUR/CAD 1.52957 1.53047 9.0 -1.06 -0.22 CAD
EUR/CHF 1.15625 1.15733 10.8 -0.17 -0.9 CHF
EUR/CZK 25.6630 25.7630 1,000.0 -2.17 -0.93 CZK
EUR/DKK 7.44919 7.45179 26.0 -2.75 -2.93 DKK
EUR/GBP 0.87293 0.87359 6.6 -0.61 -0.19 GBP
EUR/HKD 9.10949 9.11432 48.3 -10.04 0.09 HKD
EUR/HUF 321.545 323.505 19,600.0 -1.85 -1.44 HUF
EUR/JPY 128.339 128.400 6.1 -0.46 -0.64 JPY
EUR/MXN 23.9231 23.9410 178.4 -66.52 33.96 MXN
EUR/NOK 9.44708 9.46641 193.3 -6.61 -0.7 NOK
EUR/NZD 1.67107 1.67226 11.9 -1.96 0.53 NZD
EUR/PLN 4.27690 4.28990 130.0 -4.18 0.11 PLN
EUR/RUB 73.2107 73.4106 1,999.0 -260.18 16.82 RUB
EUR/SEK 10.2017 10.2320 302.6 -3.37 -4.35 SEK
EUR/SGD 1.56694 1.56785 9.1 -1.59 -0.19 SGD
EUR/TRY 5.48335 5.49960 162.5 -22.97 12.52 TRY
EUR/USD 1.15952 1.15985 3.3 -1.29 0.26 USD
EUR/ZAR 15.5698 15.6166 468.0 -45.3 20.93 ZAR
GBP/AUD 1.78341 1.78505 16.4 -1.49 -0.05 AUD
GBP/CAD 1.75138 1.75292 15.4 -1.05 -0.39 CAD
GBP/CHF 1.32394 1.32541 14.7 -0.12 -1.08 CHF
GBP/CZK 28.6171 28.6638 467.0 -1.33 -1.77 CZK
GBP/DKK 8.52127 8.52985 85.8 -0.98 -5.34 DKK
GBP/HKD 10.4221 10.4249 28.3 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 146.965 147.060 9.5 -0.28 -0.98 JPY
GBP/MXN 27.3789 27.4104 315.8 -70.12 35.88 MXN
GBP/NOK 10.8071 10.8371 300.0 -4.75 -3.44 NOK
GBP/NZD 1.91329 1.91546 21.7 -1.74 0.07 NZD
GBP/PLN 4.89791 4.90973 118.2 -3.99 -1.09 PLN
GBP/SEK 11.6566 11.6837 271.7 -1.02 -7.74 SEK
GBP/SGD 1.79415 1.79549 13.4 -1.33 -0.6 SGD
GBP/TRY 6.27478 6.29483 200.5 -25.48 13.79 TRY
GBP/USD 1.32758 1.32848 9.0 -1.17 0.02 USD
GBP/ZAR 17.8126 17.8553 427.0 -47.77 20.23 ZAR
NOK/SEK 1.07600 1.08150 55.0 -0.15 -0.89 SEK
NZD/CAD 0.91480 0.91581 10.1 -0.19 -0.68 CAD
NZD/CHF 0.69156 0.69243 8.7 0.18 -0.93 CHF
NZD/JPY 76.7560 76.8300 7.4 0.1 -0.88 JPY
NZD/SGD 0.93715 0.93805 9.0 -0.35 -0.83 SGD
NZD/USD 0.69346 0.69390 4.4 -0.42 -0.31 USD
USD/CAD 1.31904 1.31966 6.2 -0.17 -0.8 CAD
USD/CHF 0.99693 0.99781 8.8 0.4 -1.31 CHF
USD/CNH 6.43380 6.43970 59.0 -17.91 -11.69 CNH
USD/CZK 22.0982 22.1920 938.0 -0.47 -2.1 CZK
USD/DKK 6.41615 6.42077 46.2 1.92 -6.49 DKK
USD/HKD 7.84904 7.84983 7.9 -3.12 -4.79 HKD
USD/HUF 277.258 278.607 13,490.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.675 110.708 3.3 2.3 -10.2 JPY
USD/MXN 20.6074 20.6505 430.4 -42.64 15.36 MXN
USD/NOK 8.14601 8.16276 167.5 -0.35 -5.65 NOK
USD/PLN 3.68260 3.70102 184.2 -1.49 -2.14 PLN
USD/RUB 63.1453 63.2967 1,514.0 -22.57 1.24 RUB
USD/SEK 8.77872 8.80068 219.6 2.58 -9.03 SEK
USD/SGD 1.35117 1.35182 6.5 -0.61 -1.02 SGD
USD/TRY 4.72514 4.74103 158.9 -16.28 7.72 TRY
USD/ZAR 13.4223 13.4479 256.0 -28.62 9.08 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(16:59 GMT-05)