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 0.9536 3.5 -0.32 -0.59 CAD
AUD/CHF 0.7143 0.7146 2.4 0.14 -0.91 CHF
AUD/JPY 78.6510 78.6750 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0621 1.0624 2.9 -0.59 -0.44 NZD
AUD/USD 0.7188 0.7190 1.8 -0.51 -0.24 USD
CAD/CHF 0.74920 0.7494 2.5 0.03 -0.78 CHF
CAD/JPY 82.4860 82.5100 2.4 -0.1 -0.71 JPY
CHF/JPY 110.08 110.10 2.5 -0.73 -0.27 JPY
EUR/AUD 1.5862 1.5864 2.6 -1.69 0.33 AUD
EUR/CAD 1.5124 1.5127 2.9 -1.06 -0.22 CAD
EUR/CHF 1.1333 1.1335 1.7 -0.17 -0.9 CHF
EUR/CZK 25.5570 25.593 365.0 -2.17 -0.93 CZK
EUR/DKK 7.4645 7.4651 6.1 -2.75 -2.93 DKK
EUR/GBP 0.87990 0.88010 2.0 -0.61 -0.19 GBP
EUR/HKD 8.9451 8.9468 16.7 -10.04 0.09 HKD
EUR/HUF 318.350 318.74 3,940.0 -1.85 -1.44 HUF
EUR/JPY 124.77 124.79 2.0 -0.46 -0.64 JPY
EUR/MXN 21.759 21.774 150.3 -332.6 169.8 MXN
EUR/NOK 9.7279 9.7309 30.0 -6.61 -0.7 NOK
EUR/NZD 1.6850 1.6854 4.1 -1.96 0.53 NZD
EUR/PLN 4.29230 4.29400 17.0 -4.18 0.11 PLN
EUR/RUB 75.622 75.791 1,687.0 -260.18 16.82 RUB
EUR/SEK 10.252 10.254 20.3 -3.37 -4.35 SEK
EUR/SGD 1.5462 1.5466 3.7 -1.59 -0.19 SGD
EUR/TRY 6.1123 6.1148 24.5 -114.85 62.6 TRY
EUR/USD 1.1403 1.1405 1.3 -1.29 0.26 USD
EUR/ZAR 15.765 15.770 49.8 -226.5 104.65 ZAR
GBP/AUD 1.8025 1.8027 2.7 -1.49 -0.05 AUD
GBP/CAD 1.7186 1.7190 3.7 -1.05 -0.39 CAD
GBP/CHF 1.2878 1.2881 3.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4817 8.48410 23.1 -0.98 -5.34 DKK
GBP/HKD 10.164 10.167 32.7 -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 2.2 -0.28 -0.98 JPY
GBP/MXN 24.692 24.702 92.1 -350.6 170.4 MXN
GBP/NOK 11.054 11.057 34.2 -4.75 -1.96 NOK
GBP/NZD 1.9145 1.9154 9.1 -1.74 0.07 NZD
GBP/PLN 4.8772 4.8800 27.8 -3.99 -1.09 PLN
GBP/SEK 11.650 11.653 34.3 -1.02 -7.74 SEK
GBP/SGD 1.7571 1.7575 4.1 -6.65 -3 SGD
GBP/TRY 6.9453 6.9490 36.8 -127.4 68.95 TRY
GBP/USD 1.2958 1.2960 1.4 -1.17 0.02 USD
GBP/ZAR 17.915 17.921 62.7 -238.85 101.05 ZAR
NOK/SEK 1.05250 1.05400 15.0 -0.15 -0.89 SEK
NZD/CAD 0.8973 0.8978 4.3 -0.19 -0.68 CAD
NZD/CHF 0.6723 0.6726 3.0 0.18 -0.93 CHF
NZD/JPY 74.0330 74.0600 2.7 1 -0.88 JPY
NZD/SGD 0.91740 0.9179 5.6 -0.35 -0.83 SGD
NZD/USD 0.6766 0.67690 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 1.5 0.4 -1.31 CHF
USD/CNH 6.78640 6.78830 19.0 -17.91 -11.69 CNH
USD/CZK 22.407 22.442 344.0 -0.47 -2.1 CZK
USD/DKK 6.5450 6.5459 8.8 1.92 -6.49 DKK
USD/HKD 7.84380 7.8441 3.8 -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 109.41 109.42 1.4 2.3 -10.2 JPY
USD/MXN 19.082 19.084 27.3 -213.2 76.8 MXN
USD/NOK 8.5301 8.5320 18.7 -0.35 -5.65 NOK
USD/PLN 3.7624 3.7662 38.3 -1.49 -2.14 PLN
USD/RUB 66.302 66.454 1,514.0 -26.4 1.24 RUB
USD/SEK 8.9898 8.9919 20.3 2.58 -9.03 SEK
USD/SGD 1.3558 1.3561 2.7 -0.61 -1.02 SGD
USD/TRY 5.3590 5.3621 30.6 -81.4 38.6 TRY
USD/ZAR 13.823 13.828 51.0 -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)