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 0.9515 0.9519 3.7 -0.32 -0.59 CAD
AUD/CHF 0.7075 0.7077 2.5 0.14 -0.91 CHF
AUD/JPY 78.5440 78.5680 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0446 1.0449 2.7 -0.59 -0.44 NZD
AUD/USD 0.7104 0.7106 1.8 -0.51 -0.24 USD
CAD/CHF 0.7433 0.7436 2.8 0.03 -0.78 CHF
CAD/JPY 82.5240 82.5500 2.6 -0.1 -0.71 JPY
CHF/JPY 110.99 111.02 2.8 -0.73 -0.27 JPY
EUR/AUD 1.5835 1.5837 2.5 -1.69 0.33 AUD
EUR/CAD 1.5070 1.5073 3.1 -1.06 -0.22 CAD
EUR/CHF 1.1205 1.1207 1.6 -0.17 -0.9 CHF
EUR/CZK 25.666 25.8280 1,613.0 -2.17 -0.93 CZK
EUR/DKK 7.4652 7.4663 11.0 -2.75 -2.93 DKK
EUR/GBP 0.85360 0.85380 2.0 -0.61 -0.19 GBP
EUR/HKD 8.8321 8.8334 12.8 -10.04 0.09 HKD
EUR/HUF 318.68 318.95 2,700.0 -1.85 -1.44 HUF
EUR/JPY 124.39 124.41 1.9 -0.46 -0.64 JPY
EUR/MXN 21.525 21.532 71.0 -332.6 169.8 MXN
EUR/NOK 9.6361 9.6403 41.7 -6.61 -0.7 NOK
EUR/NZD 1.6544 1.6547 2.8 -1.96 0.53 NZD
EUR/PLN 4.2890 4.29200 29.7 -4.18 0.11 PLN
EUR/RUB 72.479 72.624 1,454.0 -260.18 16.82 RUB
EUR/SEK 10.420 10.425 47.4 -3.37 -4.35 SEK
EUR/SGD 1.5228 1.5232 3.7 -1.59 -0.19 SGD
EUR/TRY 6.0755 6.0931 175.7 -114.85 62.6 TRY
EUR/USD 1.1252 1.1253 1.3 -1.29 0.26 USD
EUR/ZAR 16.255 16.263 82.2 -226.5 104.65 ZAR
GBP/AUD 1.85490 1.8551 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7653 1.7657 4.4 -1.05 -0.39 CAD
GBP/CHF 1.3125 1.3128 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.7434 8.7470 36.4 -0.98 -5.34 DKK
GBP/HKD 10.345 10.347 25.7 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 145.71 145.73 2.1 -0.28 -0.98 JPY
GBP/MXN 25.214 25.222 80.3 -350.6 170.4 MXN
GBP/NOK 11.285 11.294 91.3 -4.75 -1.96 NOK
GBP/NZD 1.9379 1.9383 4.0 -1.74 0.07 NZD
GBP/PLN 5.0232 5.0286 54.6 -3.99 -1.09 PLN
GBP/SEK 12.205 12.213 80.1 -1.02 -7.74 SEK
GBP/SGD 1.7839 1.7842 3.8 -6.65 -3 SGD
GBP/TRY 7.1160 7.1376 216.0 -127.4 68.95 TRY
GBP/USD 1.3180 1.3182 1.6 -1.17 0.02 USD
GBP/ZAR 19.040 19.051 105.5 -238.85 101.05 ZAR
NOK/SEK 1.08100 1.08150 5.0 -0.15 -0.89 SEK
NZD/CAD 0.9106 0.9111 4.4 -0.19 -0.68 CAD
NZD/CHF 0.6771 0.67740 2.6 0.18 -0.93 CHF
NZD/JPY 75.1730 75.1980 2.5 1 -0.88 JPY
NZD/SGD 0.9203 0.9206 3.5 -0.35 -0.83 SGD
NZD/USD 0.6799 0.6802 2.3 -0.42 -0.31 USD
USD/CAD 1.3393 1.3395 1.7 -0.17 -0.8 CAD
USD/CHF 0.9957 0.9959 1.6 0.4 -1.31 CHF
USD/CNH 6.72280 6.72460 18.0 -17.91 -11.69 CNH
USD/CZK 22.767 22.889 1,220.0 -0.47 -2.1 CZK
USD/DKK 6.6336 6.6351 14.5 1.92 -6.49 DKK
USD/HKD 7.84910 7.8494 3.6 -3.12 -7.79 HKD
USD/HUF 283.200 283.46 2,660.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.54 110.55 1.5 2.3 -10.2 JPY
USD/MXN 19.128 19.133 50.0 -213.2 76.8 MXN
USD/NOK 8.56360 8.5663 27.7 -0.35 -5.65 NOK
USD/PLN 3.81060 3.81520 46.0 -1.49 -2.14 PLN
USD/RUB 64.341 64.371 304.0 -26.4 1.24 RUB
USD/SEK 9.26020 9.2657 55.7 2.58 -9.03 SEK
USD/SGD 1.3533 1.3536 2.6 -0.61 -1.02 SGD
USD/TRY 5.3669 5.37270 57.1 -81.4 38.6 TRY
USD/ZAR 14.444 14.453 87.0 -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)