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 0.8991 0.8995 3.8 -0.32 -0.59 CAD
AUD/CHF 0.6700 0.67030 2.4 0.14 -0.91 CHF
AUD/JPY 73.4850 73.5080 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0661 1.0664 2.9 -0.59 -0.44 NZD
AUD/USD 0.67820 0.6783 1.8 -0.51 -0.24 USD
CAD/CHF 0.7450 0.7453 2.8 0.03 -0.78 CHF
CAD/JPY 81.7100 81.7360 2.6 -0.1 -0.71 JPY
CHF/JPY 109.65 109.67 2.5 -0.73 -0.27 JPY
EUR/AUD 1.6253 1.6255 2.5 -1.69 0.33 AUD
EUR/CAD 1.46150 1.4621 6.1 -1.06 -0.22 CAD
EUR/CHF 1.0892 1.0894 1.6 -0.17 -0.9 CHF
EUR/CZK 25.527 25.665 1,380.0 -2.17 -0.93 CZK
EUR/DKK 7.47120 7.47320 20.0 -2.75 -2.93 DKK
EUR/GBP 0.8559 0.8562 2.5 -0.61 -0.19 GBP
EUR/HKD 8.6299 8.6318 19.3 -10.04 0.09 HKD
EUR/HUF 333.30 334.99 16,900.0 -1.85 -1.44 HUF
EUR/JPY 119.45 119.47 1.8 -0.46 -0.64 JPY
EUR/MXN 21.357 21.372 149.0 -332.6 169.8 MXN
EUR/NOK 10.106 10.109 32.5 -6.61 -0.7 NOK
EUR/NZD 1.7330 1.7336 6.4 -1.96 0.53 NZD
EUR/PLN 4.28430 4.2859 16.9 -4.18 0.11 PLN
EUR/RUB 70.553 70.595 419.0 -260.18 16.82 RUB
EUR/SEK 10.684 10.688 35.7 -3.37 -4.35 SEK
EUR/SGD 1.5015 1.5019 4.5 -1.59 -0.19 SGD
EUR/TRY 6.3448 6.3569 120.2 -114.85 62.6 TRY
EUR/USD 1.1024 1.10260 1.3 -1.29 0.26 USD
EUR/ZAR 16.353 16.360 65.0 -226.5 104.65 ZAR
GBP/AUD 1.8985 1.8988 3.0 -1.49 -0.05 AUD
GBP/CAD 1.7073 1.7077 3.8 -1.05 -0.39 CAD
GBP/CHF 1.2723 1.2726 3.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.7255 8.7308 52.5 -0.98 -5.34 DKK
GBP/HKD 9.5885 9.59040 18.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 139.53 139.55 2.2 -0.28 -0.98 JPY
GBP/MXN 24.867 24.878 117.0 -350.6 170.4 MXN
GBP/NOK 11.805 11.809 45.7 -4.75 -1.96 NOK
GBP/NZD 2.0240 2.0251 10.6 -1.74 0.07 NZD
GBP/PLN 5.0038 5.0072 34.6 -3.99 -1.09 PLN
GBP/SEK 12.481 12.484 34.7 -1.02 -7.74 SEK
GBP/SGD 1.7539 1.7543 4.3 -6.65 -3 SGD
GBP/TRY 7.4105 7.4259 153.9 -127.4 68.95 TRY
GBP/USD 1.2877 1.2879 1.6 -1.17 0.02 USD
GBP/ZAR 19.102 19.110 74.8 -238.85 101.05 ZAR
NOK/SEK 1.05600 1.05850 25.0 -0.15 -0.89 SEK
NZD/CAD 0.8430 0.8437 7.3 -0.19 -0.68 CAD
NZD/CHF 0.6282 0.6286 4.2 0.18 -0.93 CHF
NZD/JPY 68.9080 68.9370 2.9 1 -0.88 JPY
NZD/SGD 0.8659 0.8668 9.7 -0.35 -0.83 SGD
NZD/USD 0.6360 0.6362 2.2 -0.42 -0.31 USD
USD/CAD 1.3257 1.3259 1.7 -0.17 -0.8 CAD
USD/CHF 0.9879 0.9881 1.5 0.4 -1.31 CHF
USD/CNH 7.02230 7.02480 25.0 -17.91 -11.69 CNH
USD/CZK 23.162 23.266 1,038.0 -0.47 -2.1 CZK
USD/DKK 6.7762 6.7783 20.3 1.92 -6.49 DKK
USD/HKD 7.8273 7.8291 17.9 -3.12 -7.79 HKD
USD/HUF 302.46 303.65 11,860.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.34 108.36 1.4 2.3 -10.2 JPY
USD/MXN 19.375 19.377 26.2 -213.2 76.8 MXN
USD/NOK 9.16470 9.17180 71.0 -0.35 -5.65 NOK
USD/PLN 3.8818 3.8905 86.7 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.68900 9.69630 73.0 2.58 -9.03 SEK
USD/SGD 1.3619 1.3622 2.9 -0.61 -1.02 SGD
USD/TRY 5.75300 5.75700 40.0 -81.4 38.6 TRY
USD/ZAR 14.829 14.839 105.4 -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)