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 0.9179 0.9182 3.5 -0.32 -0.59 CAD
AUD/CHF 0.6932 0.6935 2.4 0.14 -0.91 CHF
AUD/JPY 75.7740 75.7970 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0434 1.0437 2.7 -0.59 -0.44 NZD
AUD/USD 0.7031 0.7033 1.8 -0.51 -0.24 USD
CAD/CHF 0.7551 0.7553 2.6 0.03 -0.78 CHF
CAD/JPY 82.5330 82.5580 2.5 -0.1 -0.71 JPY
CHF/JPY 109.28 109.30 2.5 -0.73 -0.27 JPY
EUR/AUD 1.5968 1.5971 2.5 -1.69 0.33 AUD
EUR/CAD 1.4660 1.4663 3.1 -1.06 -0.22 CAD
EUR/CHF 1.1072 1.1074 1.6 -0.17 -0.9 CHF
EUR/CZK 25.583 25.612 288.0 -2.17 -0.93 CZK
EUR/DKK 7.46680 7.4680 12.6 -2.75 -2.93 DKK
EUR/GBP 0.9006 0.9009 2.2 -0.61 -0.19 GBP
EUR/HKD 8.7773 8.7787 14.7 -10.04 0.09 HKD
EUR/HUF 326.40 326.83 4,280.0 -1.85 -1.44 HUF
EUR/JPY 121.02 121.040 1.9 -0.46 -0.64 JPY
EUR/MXN 21.454 21.458 38.0 -332.6 169.8 MXN
EUR/NOK 9.65510 9.65800 29.0 -6.61 -0.7 NOK
EUR/NZD 1.6664 1.6667 2.9 -1.96 0.53 NZD
EUR/PLN 4.2624 4.2641 17.3 -4.18 0.11 PLN
EUR/RUB 70.498 70.515 176.0 -260.18 16.82 RUB
EUR/SEK 10.508 10.511 30.1 -3.37 -4.35 SEK
EUR/SGD 1.5279 1.5283 3.9 -1.59 -0.19 SGD
EUR/TRY 6.4157 6.41930 35.7 -114.85 62.6 TRY
EUR/USD 1.1230 1.1231 1.4 -1.29 0.26 USD
EUR/ZAR 15.733 15.737 44.1 -226.5 104.65 ZAR
GBP/AUD 1.7727 1.7730 3.1 -1.49 -0.05 AUD
GBP/CAD 1.6275 1.6278 3.4 -1.05 -0.39 CAD
GBP/CHF 1.2291 1.2294 3.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.2876 8.2920 43.5 -0.98 -5.34 DKK
GBP/HKD 9.7433 9.7459 25.8 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 134.34 134.370 2.2 -0.28 -0.98 JPY
GBP/MXN 23.817 23.822 44.9 -350.6 170.4 MXN
GBP/NOK 10.718 10.721 30.7 -4.75 -1.96 NOK
GBP/NZD 1.8499 1.8503 4.5 -1.74 0.07 NZD
GBP/PLN 4.7311 4.7343 31.8 -3.99 -1.09 PLN
GBP/SEK 11.665 11.668 29.8 -1.02 -7.74 SEK
GBP/SGD 1.6962 1.6966 4.5 -6.65 -3 SGD
GBP/TRY 7.1222 7.1264 41.6 -127.4 68.95 TRY
GBP/USD 1.2467 1.2468 1.7 -1.17 0.02 USD
GBP/ZAR 17.465 17.470 51.9 -238.85 101.05 ZAR
NOK/SEK 1.08500 1.09150 65.0 -0.15 -0.89 SEK
NZD/CAD 0.8795 0.8799 4.1 -0.19 -0.68 CAD
NZD/CHF 0.6643 0.6645 2.5 0.18 -0.93 CHF
NZD/JPY 72.6080 72.6330 2.5 1 -0.88 JPY
NZD/SGD 0.9167 0.91710 3.7 -0.35 -0.83 SGD
NZD/USD 0.6737 0.6740 2.3 -0.42 -0.31 USD
USD/CAD 1.30550 1.3056 1.9 -0.17 -0.8 CAD
USD/CHF 0.98590 0.9860 1.4 0.4 -1.31 CHF
USD/CNH 6.88270 6.88450 18.0 -17.91 -11.69 CNH
USD/CZK 22.775 22.8090 334.0 -0.47 -2.1 CZK
USD/DKK 6.6478 6.64980 19.6 1.92 -6.49 DKK
USD/HKD 7.8155 7.81610 5.2 -3.12 -7.79 HKD
USD/HUF 290.65 290.97 3,240.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 107.75 107.770 1.4 2.3 -10.2 JPY
USD/MXN 19.103 19.105 23.7 -213.2 76.8 MXN
USD/NOK 8.5970 8.59900 19.5 -0.35 -5.65 NOK
USD/PLN 3.7947 3.7968 20.5 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.3567 9.3589 22.1 2.58 -9.03 SEK
USD/SGD 1.3604 1.3607 2.8 -0.61 -1.02 SGD
USD/TRY 5.7033 5.7061 28.2 -81.4 38.6 TRY
USD/ZAR 14.008 14.012 44.0 -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(21:59 GMT)