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 0.9533 0.9537 3.5 -0.32 -0.59 CAD
AUD/CHF 0.71440 0.7146 2.5 0.14 -0.91 CHF
AUD/JPY 78.6610 78.6860 2.5 -0.07 -0.73 JPY
AUD/NZD 1.0622 1.06250 2.7 -0.59 -0.44 NZD
AUD/USD 0.7188 0.7190 1.9 -0.51 -0.24 USD
CAD/CHF 0.7492 0.7494 2.5 0.03 -0.78 CHF
CAD/JPY 82.4930 82.5190 2.6 -0.1 -0.71 JPY
CHF/JPY 110.09 110.11 2.6 -0.73 -0.27 JPY
EUR/AUD 1.5861 1.58640 2.4 -1.69 0.33 AUD
EUR/CAD 1.5124 1.5127 2.6 -1.06 -0.22 CAD
EUR/CHF 1.1333 1.1334 1.7 -0.17 -0.9 CHF
EUR/CZK 25.5550 25.602 474.0 -2.17 -0.93 CZK
EUR/DKK 7.4645 7.4651 6.2 -2.75 -2.93 DKK
EUR/GBP 0.8799 0.8801 2.1 -0.61 -0.19 GBP
EUR/HKD 8.9448 8.94650 16.5 -10.04 0.09 HKD
EUR/HUF 318.33 318.72 3,940.0 -1.85 -1.44 HUF
EUR/JPY 124.78 124.80 1.8 -0.46 -0.64 JPY
EUR/MXN 21.761 21.775 135.7 -332.6 169.8 MXN
EUR/NOK 9.7273 9.73040 30.8 -6.61 -0.7 NOK
EUR/NZD 1.6850 1.6856 5.4 -1.96 0.53 NZD
EUR/PLN 4.29220 4.29390 17.0 -4.18 0.11 PLN
EUR/RUB 75.656 75.7690 1,122.0 -260.18 16.82 RUB
EUR/SEK 10.252 10.254 20.0 -3.37 -4.35 SEK
EUR/SGD 1.5462 1.5466 3.9 -1.59 -0.19 SGD
EUR/TRY 6.1131 6.1165 33.7 -114.85 62.6 TRY
EUR/USD 1.1403 1.1405 1.4 -1.29 0.26 USD
EUR/ZAR 15.765 15.772 76.1 -226.5 104.65 ZAR
GBP/AUD 1.8023 1.8026 2.8 -1.49 -0.05 AUD
GBP/CAD 1.7186 1.71900 3.8 -1.05 -0.39 CAD
GBP/CHF 1.2877 1.2880 3.1 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4811 8.4836 25.1 -0.98 -5.34 DKK
GBP/HKD 10.162 10.1660 32.4 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 141.79 141.81 2.3 -0.28 -0.98 JPY
GBP/MXN 24.692 24.702 92.1 -350.6 170.4 MXN
GBP/NOK 11.053 11.056 34.2 -4.75 -1.96 NOK
GBP/NZD 1.9145 1.9153 8.5 -1.74 0.07 NZD
GBP/PLN 4.8768 4.8796 27.8 -3.99 -1.09 PLN
GBP/SEK 11.649 11.653 34.2 -1.02 -7.74 SEK
GBP/SGD 1.7570 1.7574 4.3 -6.65 -3 SGD
GBP/TRY 6.9459 6.95000 40.1 -127.4 68.95 TRY
GBP/USD 1.2958 1.2959 1.6 -1.17 0.02 USD
GBP/ZAR 17.913 17.920 71.1 -238.85 101.05 ZAR
NOK/SEK 1.05250 1.05400 15.0 -0.15 -0.89 SEK
NZD/CAD 0.8973 0.89780 4.2 -0.19 -0.68 CAD
NZD/CHF 0.6723 0.6726 3.1 0.18 -0.93 CHF
NZD/JPY 74.0380 74.0650 2.7 1 -0.88 JPY
NZD/SGD 0.91740 0.9179 5.5 -0.35 -0.83 SGD
NZD/USD 0.6766 0.6768 2.3 -0.42 -0.31 USD
USD/CAD 1.3262 1.3264 1.8 -0.17 -0.8 CAD
USD/CHF 0.9937 0.9939 1.6 0.4 -1.31 CHF
USD/CNH 6.78670 6.78850 18.0 -17.91 -11.69 CNH
USD/CZK 22.408 22.452 437.0 -0.47 -2.1 CZK
USD/DKK 6.5452 6.5461 8.7 1.92 -6.49 DKK
USD/HKD 7.8438 7.8442 3.7 -3.12 -7.79 HKD
USD/HUF 279.11 279.50 3,890.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.42 109.43 1.4 2.3 -10.2 JPY
USD/MXN 19.084 19.086 27.3 -213.2 76.8 MXN
USD/NOK 8.5284 8.5317 33.2 -0.35 -5.65 NOK
USD/PLN 3.7622 3.7661 39.2 -1.49 -2.14 PLN
USD/RUB 66.358 66.419 614.0 -26.4 1.24 RUB
USD/SEK 8.9886 8.9920 34.0 2.58 -9.03 SEK
USD/SGD 1.3558 1.3561 2.7 -0.61 -1.02 SGD
USD/TRY 5.3599 5.3627 28.7 -81.4 38.6 TRY
USD/ZAR 13.823 13.828 50.9 -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)