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 0.9274 0.9278 3.9 -0.32 -0.59 CAD
AUD/CHF 0.69640 0.6966 2.7 0.14 -0.91 CHF
AUD/JPY 75.9910 76.0180 2.7 -0.07 -0.73 JPY
AUD/NZD 1.0568 1.0570 2.7 -0.59 -0.44 NZD
AUD/USD 0.69060 0.69080 2.0 -0.51 -0.24 USD
CAD/CHF 0.75070 0.7509 2.9 0.03 -0.78 CHF
CAD/JPY 81.9180 81.9460 2.8 -0.1 -0.71 JPY
CHF/JPY 109.10 109.13 2.7 -0.73 -0.27 JPY
EUR/AUD 1.6167 1.6171 3.4 -1.69 0.33 AUD
EUR/CAD 1.4998 1.5001 2.9 -1.06 -0.22 CAD
EUR/CHF 1.1261 1.1263 2.1 -0.17 -0.9 CHF
EUR/CZK 25.789 25.946 1,570.0 -2.17 -0.93 CZK
EUR/DKK 7.4682 7.4697 15.0 -2.75 -2.93 DKK
EUR/GBP 0.87740 0.8776 2.9 -0.61 -0.19 GBP
EUR/HKD 8.7621 8.76570 35.9 -10.04 0.09 HKD
EUR/HUF 325.37 327.70 23,240.0 -1.85 -1.44 HUF
EUR/JPY 122.88 122.90 1.8 -0.46 -0.64 JPY
EUR/MXN 21.291 21.299 76.0 -332.6 169.8 MXN
EUR/NOK 9.8128 9.8174 46.0 -6.61 -0.7 NOK
EUR/NZD 1.7088 1.7091 3.2 -1.96 0.53 NZD
EUR/PLN 4.2959 4.30010 41.3 -4.18 0.11 PLN
EUR/RUB 72.009 72.066 571.0 -260.18 16.82 RUB
EUR/SEK 10.794 10.798 46.2 -3.37 -4.35 SEK
EUR/SGD 1.5366 1.5370 4.0 -1.59 -0.19 SGD
EUR/TRY 6.7313 6.7388 75.1 -114.85 62.6 TRY
EUR/USD 1.1167 1.1168 1.3 -1.29 0.26 USD
EUR/ZAR 16.060 16.072 117.2 -226.5 104.65 ZAR
GBP/AUD 1.8423 1.8427 4.7 -1.49 -0.05 AUD
GBP/CAD 1.7090 1.7094 4.0 -1.05 -0.39 CAD
GBP/CHF 1.2831 1.2836 4.5 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.5082 8.51390 56.1 -0.98 -5.34 DKK
GBP/HKD 9.9806 9.9829 23.2 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 140.02 140.05 3.0 -0.28 -0.98 JPY
GBP/MXN 24.262 24.271 82.8 -350.6 170.4 MXN
GBP/NOK 11.179 11.189 105.9 -4.75 -1.96 NOK
GBP/NZD 1.9472 1.94770 4.4 -1.74 0.07 NZD
GBP/PLN 4.8943 4.9014 70.8 -3.99 -1.09 PLN
GBP/SEK 12.295 12.309 142.0 -1.02 -7.74 SEK
GBP/SGD 1.7510 1.7516 6.0 -6.65 -3 SGD
GBP/TRY 7.6702 7.6793 91.0 -127.4 68.95 TRY
GBP/USD 1.2725 1.2727 2.6 -1.17 0.02 USD
GBP/ZAR 18.300 18.315 147.0 -238.85 101.05 ZAR
NOK/SEK 1.09900 1.10050 15.0 -0.15 -0.89 SEK
NZD/CAD 0.8774 0.87790 4.6 -0.19 -0.68 CAD
NZD/CHF 0.6588 0.6591 2.7 0.18 -0.93 CHF
NZD/JPY 71.8970 71.9210 2.4 1 -0.88 JPY
NZD/SGD 0.8990 0.8994 3.6 -0.35 -0.83 SGD
NZD/USD 0.6533 0.65360 2.3 -0.42 -0.31 USD
USD/CAD 1.3430 1.3432 1.8 -0.17 -0.8 CAD
USD/CHF 1.0083 1.0085 1.7 0.4 -1.31 CHF
USD/CNH 6.93710 6.94110 40.0 -17.91 -11.69 CNH
USD/CZK 23.027 23.154 1,264.0 -0.47 -2.1 CZK
USD/DKK 6.6887 6.6905 17.7 1.92 -6.49 DKK
USD/HKD 7.8492 7.84980 5.1 -3.12 -7.79 HKD
USD/HUF 291.69 293.07 13,850.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 110.03 110.04 1.4 2.3 -10.2 JPY
USD/MXN 19.065 19.071 60.4 -213.2 76.8 MXN
USD/NOK 8.7871 8.7899 28.0 -0.35 -5.65 NOK
USD/PLN 3.84550 3.85170 62.0 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.6655 9.6686 30.9 2.58 -9.03 SEK
USD/SGD 1.3759 1.3762 2.9 -0.61 -1.02 SGD
USD/TRY 6.02280 6.0307 79.6 -81.4 38.6 TRY
USD/ZAR 14.380 14.392 120.0 -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)