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 0.9631 0.9631 0.0 -0.32 -0.59 CAD
AUD/CHF 0.7318 0.7318 0.0 0.14 -0.91 CHF
AUD/JPY 82.6470 82.6470 0.0 -0.07 -0.73 JPY
AUD/NZD 1.0644 1.0644 0.0 -0.59 -0.44 NZD
AUD/USD 0.7327 0.7327 0.0 -0.51 -0.24 USD
CAD/CHF 0.7592 0.7592 0.0 0.03 -0.78 CHF
CAD/JPY 85.7610 85.7610 0.0 -0.1 -0.71 JPY
CHF/JPY 112.77 112.77 0.0 -0.73 -0.27 JPY
EUR/AUD 1.5555 1.5555 0.0 -1.69 0.33 AUD
EUR/CAD 1.4998 1.4998 0.0 -1.06 -0.22 CAD
EUR/CHF 1.1404 1.1404 0.0 -0.17 -0.9 CHF
EUR/CZK 25.916 25.916 0.0 -2.17 -0.93 CZK
EUR/DKK 7.4602 7.4602 0.0 -2.75 -2.93 DKK
EUR/GBP 0.8891 0.8891 0.0 -0.61 -0.19 GBP
EUR/HKD 8.9344 8.9344 0.0 -10.04 0.09 HKD
EUR/HUF 320.37 320.37 0.0 -1.85 -1.44 HUF
EUR/JPY 128.76 128.76 0.0 -0.46 -0.64 JPY
EUR/MXN 23.032 23.032 0.0 -332.6 169.8 MXN
EUR/NOK 9.62380 9.62380 0.0 -6.61 -0.7 NOK
EUR/NZD 1.6585 1.6585 0.0 -1.96 0.53 NZD
EUR/PLN 4.3095 4.3095 0.0 -4.18 0.11 PLN
EUR/RUB 75.213 75.213 0.0 -260.18 16.82 RUB
EUR/SEK 10.268 10.268 0.0 -3.37 -4.35 SEK
EUR/SGD 1.5651 1.5651 0.0 -1.59 -0.19 SGD
EUR/TRY 6.0611 6.0611 0.0 -114.85 62.6 TRY
EUR/USD 1.1413 1.1413 0.0 -1.29 0.26 USD
EUR/ZAR 15.943 15.943 0.0 -226.5 104.65 ZAR
GBP/AUD 1.7484 1.7484 0.0 -1.49 -0.05 AUD
GBP/CAD 1.6855 1.6855 0.0 -1.05 -0.39 CAD
GBP/CHF 1.2806 1.2806 0.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.3799 8.3799 0.0 -0.98 -5.34 DKK
GBP/HKD 10.059 10.059 0.0 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 144.690 144.690 0.0 -0.28 -0.98 JPY
GBP/MXN 26.504 26.504 0.0 -350.6 170.4 MXN
GBP/NOK 10.806 10.806 0.0 -4.75 -1.96 NOK
GBP/NZD 1.8644 1.8644 0.0 -1.74 0.07 NZD
GBP/PLN 4.8381 4.8381 0.0 -3.99 -1.09 PLN
GBP/SEK 11.528 11.528 0.0 -1.02 -7.74 SEK
GBP/SGD 1.7581 1.7581 0.0 -6.65 -3 SGD
GBP/TRY 6.7961 6.7961 0.0 -127.4 68.95 TRY
GBP/USD 1.2820 1.2820 0.0 -1.17 0.02 USD
GBP/ZAR 17.928 17.928 0.0 -238.85 101.05 ZAR
NOK/SEK 1.06400 1.06400 0.0 -0.15 -0.89 SEK
NZD/CAD 0.9026 0.9026 0.0 -0.19 -0.68 CAD
NZD/CHF 0.6854 0.6854 0.0 0.18 -0.93 CHF
NZD/JPY 77.4960 77.4960 0.0 1 -0.88 JPY
NZD/SGD 0.9423 0.9423 0.0 -0.35 -0.83 SGD
NZD/USD 0.6868 0.6868 0.0 -0.42 -0.31 USD
USD/CAD 1.3145 1.3145 0.0 -0.17 -0.8 CAD
USD/CHF 0.9995 0.9995 0.0 0.4 -1.31 CHF
USD/CNH 6.91770 6.91770 0.0 -17.91 -11.69 CNH
USD/CZK 22.716 22.716 0.0 -0.47 -2.1 CZK
USD/DKK 6.5309 6.5309 0.0 1.92 -6.49 DKK
USD/HKD 7.82420 7.82420 0.0 -3.12 -7.79 HKD
USD/HUF 281.14 281.14 0.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 112.81 112.81 0.0 2.3 -10.2 JPY
USD/MXN 20.139 20.139 0.0 -213.2 76.8 MXN
USD/NOK 8.4317 8.4317 0.0 -0.35 -5.65 NOK
USD/PLN 3.7728 3.7728 0.0 -1.49 -2.14 PLN
USD/RUB 65.919 65.919 0.0 -26.4 1.24 RUB
USD/SEK 8.98860 8.98860 0.0 2.58 -9.03 SEK
USD/SGD 1.3720 1.3720 0.0 -0.61 -1.02 SGD
USD/TRY 5.3138 5.3138 0.0 -81.4 38.6 TRY
USD/ZAR 13.966 13.966 0.0 -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)