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 0.95405 0.95441 3.6 -0.32 -0.59 CAD
AUD/CHF 0.72645 0.72669 2.4 0.14 -0.91 CHF
AUD/JPY 80.7380 80.7610 2.3 -0.07 -0.73 JPY
AUD/NZD 1.10366 1.10389 2.3 -0.59 -0.44 NZD
AUD/USD 0.73000 0.73018 1.8 -0.51 -0.24 USD
CAD/CHF 0.76130 0.76156 2.6 0.03 -0.78 CHF
CAD/JPY 84.6110 84.6370 2.6 -0.1 -0.71 JPY
CHF/JPY 111.125 111.151 2.6 -0.73 -0.27 JPY
EUR/AUD 1.56315 1.56339 2.4 -1.69 0.33 AUD
EUR/CAD 1.49156 1.49186 3.0 -1.06 -0.22 CAD
EUR/CHF 1.13574 1.13591 1.7 -0.17 -0.9 CHF
EUR/CZK 25.6984 25.7624 640.0 -2.17 -0.93 CZK
EUR/DKK 7.45735 7.45885 15.0 -2.75 -2.93 DKK
EUR/GBP 0.89587 0.89603 1.6 -0.61 -0.19 GBP
EUR/HKD 8.95844 8.95964 12.0 -10.04 0.09 HKD
EUR/HUF 323.211 323.851 6,400.0 -1.85 -1.44 HUF
EUR/JPY 126.223 126.241 1.8 -0.46 -0.64 JPY
EUR/MXN 21.5962 21.6099 136.4 -332.6 169.8 MXN
EUR/NOK 9.64930 9.65221 29.1 -6.61 -0.7 NOK
EUR/NZD 1.72541 1.72569 2.8 -1.96 0.53 NZD
EUR/PLN 4.30185 4.30390 20.5 -4.18 0.11 PLN
EUR/RUB 76.6225 76.8220 1,995.0 -260.18 16.82 RUB
EUR/SEK 10.4709 10.4729 19.5 -3.37 -4.35 SEK
EUR/SGD 1.56584 1.56627 4.3 -1.59 -0.19 SGD
EUR/TRY 6.97217 6.97681 46.4 -114.85 62.6 TRY
EUR/USD 1.14127 1.14140 1.3 -1.29 0.26 USD
EUR/ZAR 16.7473 16.7563 90.0 -226.5 104.65 ZAR
GBP/AUD 1.74467 1.74496 2.9 -1.49 -0.05 AUD
GBP/CAD 1.66478 1.66514 3.6 -1.05 -0.39 CAD
GBP/CHF 1.26759 1.26787 2.8 -0.12 -1.08 CHF
GBP/CZK 28.6171 28.6638 467.0 -1.33 -1.77 CZK
GBP/DKK 8.32281 8.32618 33.7 -0.98 -5.34 DKK
GBP/HKD 9.99837 10.0004 21.2 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 140.884 140.903 1.9 -0.28 -0.98 JPY
GBP/MXN 24.1048 24.1156 108.0 -350.6 170.4 MXN
GBP/NOK 10.7700 10.7733 33.0 -4.75 -1.96 NOK
GBP/NZD 1.92574 1.92613 3.9 -1.74 0.07 NZD
GBP/PLN 4.80094 4.80417 32.3 -3.99 -1.09 PLN
GBP/SEK 11.6862 11.6898 35.4 -1.02 -7.74 SEK
GBP/SGD 1.74765 1.74815 5.0 -6.65 -3 SGD
GBP/TRY 7.77764 7.79628 186.4 -127.4 68.95 TRY
GBP/USD 1.27380 1.27395 1.5 -1.17 0.02 USD
GBP/ZAR 18.6922 18.7024 102.0 -238.85 101.05 ZAR
NOK/SEK 1.08400 1.08550 15.0 -0.15 -0.89 SEK
NZD/CAD 0.86427 0.86469 4.2 -0.19 -0.68 CAD
NZD/CHF 0.65811 0.65837 2.6 0.18 -0.93 CHF
NZD/JPY 73.1440 73.1680 2.4 1 -0.88 JPY
NZD/SGD 0.90725 0.90775 5.0 -0.35 -0.83 SGD
NZD/USD 0.66132 0.66155 2.3 -0.42 -0.31 USD
USD/CAD 1.30694 1.30712 1.8 -0.17 -0.8 CAD
USD/CHF 0.99510 0.99525 1.5 0.4 -1.31 CHF
USD/CNH 6.85040 6.85220 18.0 -17.91 -11.69 CNH
USD/CZK 22.5070 22.5673 603.0 -0.47 -2.1 CZK
USD/DKK 6.53349 6.53550 20.1 1.92 -6.49 DKK
USD/HKD 7.84942 7.84970 2.8 -3.12 -7.79 HKD
USD/HUF 283.100 283.724 6,240.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.595 110.609 1.4 2.3 -10.2 JPY
USD/MXN 18.9234 18.9294 59.9 -213.2 76.8 MXN
USD/NOK 8.45432 8.45680 24.8 -0.35 -5.65 NOK
USD/PLN 3.76590 3.77281 69.1 -1.49 -2.14 PLN
USD/RUB 67.2543 67.3757 1,214.0 -26.4 1.24 RUB
USD/SEK 9.17424 9.17662 23.8 2.58 -9.03 SEK
USD/SGD 1.37190 1.37218 2.8 -0.61 -1.02 SGD
USD/TRY 6.10541 6.11198 65.7 -81.4 38.6 TRY
USD/ZAR 14.6729 14.6819 90.0 -143.1 45.4 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)