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 0.9484 0.9488 3.8 -0.32 -0.59 CAD
AUD/CHF 0.7067 0.7069 2.5 0.14 -0.91 CHF
AUD/JPY 78.3800 78.4040 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0323 1.0325 2.5 -0.59 -0.44 NZD
AUD/USD 0.7093 0.70950 1.8 -0.51 -0.24 USD
CAD/CHF 0.7449 0.7452 2.9 0.03 -0.78 CHF
CAD/JPY 82.6250 82.6490 2.4 -0.1 -0.71 JPY
CHF/JPY 110.89 110.920 2.6 -0.73 -0.27 JPY
EUR/AUD 1.5933 1.5936 2.5 -1.69 0.33 AUD
EUR/CAD 1.5115 1.5118 3.3 -1.06 -0.22 CAD
EUR/CHF 1.1262 1.1264 1.7 -0.17 -0.9 CHF
EUR/CZK 25.660 25.737 765.0 -2.17 -0.93 CZK
EUR/DKK 7.4615 7.46350 19.7 -2.75 -2.93 DKK
EUR/GBP 0.8626 0.8628 1.8 -0.61 -0.19 GBP
EUR/HKD 8.8700 8.8711 11.1 -10.04 0.09 HKD
EUR/HUF 315.73 315.90 1,680.0 -1.85 -1.44 HUF
EUR/JPY 124.90 124.92 1.9 -0.46 -0.64 JPY
EUR/MXN 21.445 21.449 36.0 -332.6 169.8 MXN
EUR/NOK 9.6360 9.6389 29.4 -6.61 -0.7 NOK
EUR/NZD 1.6450 1.6453 2.9 -1.96 0.53 NZD
EUR/PLN 4.28870 4.29030 16.0 -4.18 0.11 PLN
EUR/RUB 72.374 72.537 1,629.0 -260.18 16.82 RUB
EUR/SEK 10.468 10.470 25.3 -3.37 -4.35 SEK
EUR/SGD 1.5270 1.5273 3.7 -1.59 -0.19 SGD
EUR/TRY 6.2721 6.2751 29.8 -114.85 62.6 TRY
EUR/USD 1.1303 1.13050 1.3 -1.29 0.26 USD
EUR/ZAR 16.204 16.211 70.1 -226.5 104.65 ZAR
GBP/AUD 1.8468 1.8471 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7519 1.7523 4.1 -1.05 -0.39 CAD
GBP/CHF 1.3053 1.3056 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6171 8.6206 34.3 -0.98 -5.34 DKK
GBP/HKD 10.280 10.283 27.3 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 144.78 144.80 2.1 -0.28 -0.98 JPY
GBP/MXN 24.857 24.861 39.3 -350.6 170.4 MXN
GBP/NOK 11.169 11.173 41.0 -4.75 -1.96 NOK
GBP/NZD 1.9067 1.9071 4.2 -1.74 0.07 NZD
GBP/PLN 4.9707 4.9734 27.3 -3.99 -1.09 PLN
GBP/SEK 12.133 12.137 39.4 -1.02 -7.74 SEK
GBP/SGD 1.77000 1.7703 3.9 -6.65 -3 SGD
GBP/TRY 7.26950 7.2734 39.6 -127.4 68.95 TRY
GBP/USD 1.3102 1.3103 1.6 -1.17 0.02 USD
GBP/ZAR 18.782 18.789 74.1 -238.85 101.05 ZAR
NOK/SEK 1.08600 1.08650 5.0 -0.15 -0.89 SEK
NZD/CAD 0.9186 0.9190 4.3 -0.19 -0.68 CAD
NZD/CHF 0.68450 0.6847 2.6 0.18 -0.93 CHF
NZD/JPY 75.9170 75.9430 2.6 1 -0.88 JPY
NZD/SGD 0.9281 0.9284 3.5 -0.35 -0.83 SGD
NZD/USD 0.68700 0.6872 2.4 -0.42 -0.31 USD
USD/CAD 1.3371 1.3373 1.8 -0.17 -0.8 CAD
USD/CHF 0.9962 0.9964 1.6 0.4 -1.31 CHF
USD/CNH 6.71850 6.72030 18.0 -17.91 -11.69 CNH
USD/CZK 22.678 22.780 1,012.0 -0.47 -2.1 CZK
USD/DKK 6.5983 6.6029 45.5 1.92 -6.49 DKK
USD/HKD 7.8469 7.8472 3.0 -3.12 -7.79 HKD
USD/HUF 279.29 279.45 1,580.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.49 110.51 1.4 2.3 -10.2 JPY
USD/MXN 18.971 18.973 24.6 -213.2 76.8 MXN
USD/NOK 8.5238 8.5262 24.6 -0.35 -5.65 NOK
USD/PLN 3.79330 3.79590 26.0 -1.49 -2.14 PLN
USD/RUB 64.038 64.100 619.0 -26.4 1.24 RUB
USD/SEK 9.25990 9.2627 28.3 2.58 -9.03 SEK
USD/SGD 1.3508 1.3511 2.7 -0.61 -1.02 SGD
USD/TRY 5.54500 5.5469 19.8 -81.4 38.6 TRY
USD/ZAR 14.334 14.340 56.6 -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)