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 0.9506 0.95100 3.5 -0.32 -0.59 CAD
AUD/CHF 0.7117 0.7120 2.6 0.14 -0.91 CHF
AUD/JPY 78.2290 78.2540 2.5 -0.07 -0.73 JPY
AUD/NZD 1.0513 1.0515 2.3 -0.59 -0.44 NZD
AUD/USD 0.7133 0.7135 1.8 -0.51 -0.24 USD
CAD/CHF 0.7486 0.7488 2.6 0.03 -0.78 CHF
CAD/JPY 82.2770 82.3010 2.4 -0.1 -0.71 JPY
CHF/JPY 109.89 109.91 2.5 -0.73 -0.27 JPY
EUR/AUD 1.5930 1.5932 2.6 -1.69 0.33 AUD
EUR/CAD 1.5146 1.5149 3.1 -1.06 -0.22 CAD
EUR/CHF 1.13410 1.1342 1.9 -0.17 -0.9 CHF
EUR/CZK 25.603 25.667 640.0 -2.17 -0.93 CZK
EUR/DKK 7.4662 7.4670 8.0 -2.75 -2.93 DKK
EUR/GBP 0.8766 0.8768 1.9 -0.61 -0.19 GBP
EUR/HKD 8.9173 8.9186 13.2 -10.04 0.09 HKD
EUR/HUF 317.89 318.540 6,410.0 -1.85 -1.44 HUF
EUR/JPY 124.64 124.660 1.8 -0.46 -0.64 JPY
EUR/MXN 21.746 21.763 173.7 -332.6 169.8 MXN
EUR/NOK 9.75710 9.7602 31.5 -6.61 -0.7 NOK
EUR/NZD 1.6749 1.6752 3.0 -1.96 0.53 NZD
EUR/PLN 4.28470 4.28650 18.0 -4.18 0.11 PLN
EUR/RUB 75.4360 75.674 2,387.0 -260.18 16.82 RUB
EUR/SEK 10.243 10.245 19.0 -3.37 -4.35 SEK
EUR/SGD 1.5449 1.5453 3.9 -1.59 -0.19 SGD
EUR/TRY 6.0709 6.0763 54.0 -114.85 62.6 TRY
EUR/USD 1.1365 1.1367 1.4 -1.29 0.26 USD
EUR/ZAR 15.8230 15.830 72.7 -226.5 104.65 ZAR
GBP/AUD 1.8169 1.8172 2.7 -1.49 -0.05 AUD
GBP/CAD 1.7275 1.7279 3.8 -1.05 -0.39 CAD
GBP/CHF 1.2934 1.2937 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.5144 8.51720 27.6 -0.98 -5.34 DKK
GBP/HKD 10.169 10.172 31.1 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 142.16 142.18 2.2 -0.28 -0.98 JPY
GBP/MXN 24.811 24.819 81.1 -350.6 170.4 MXN
GBP/NOK 11.128 11.132 35.3 -4.75 -1.96 NOK
GBP/NZD 1.9104 1.9108 4.1 -1.74 0.07 NZD
GBP/PLN 4.8866 4.8896 30.1 -3.99 -1.09 PLN
GBP/SEK 11.683 11.686 34.1 -1.02 -7.74 SEK
GBP/SGD 1.7621 1.7625 4.0 -6.65 -3 SGD
GBP/TRY 6.9241 6.9307 65.4 -127.4 68.95 TRY
GBP/USD 1.2963 1.2965 1.6 -1.17 0.02 USD
GBP/ZAR 18.047 18.055 78.9 -238.85 101.05 ZAR
NOK/SEK 1.04900 1.05000 10.0 -0.15 -0.89 SEK
NZD/CAD 0.9040 0.9044 4.2 -0.19 -0.68 CAD
NZD/CHF 0.6769 0.67720 2.6 0.18 -0.93 CHF
NZD/JPY 74.4000 74.4250 2.5 1 -0.88 JPY
NZD/SGD 0.9221 0.9225 3.9 -0.35 -0.83 SGD
NZD/USD 0.6784 0.6786 2.4 -0.42 -0.31 USD
USD/CAD 1.3326 1.3328 1.8 -0.17 -0.8 CAD
USD/CHF 0.9977 0.9979 1.6 0.4 -1.31 CHF
USD/CNH 6.79110 6.79300 19.0 -17.91 -11.69 CNH
USD/CZK 22.524 22.5850 606.0 -0.47 -2.1 CZK
USD/DKK 6.5684 6.5696 11.4 1.92 -6.49 DKK
USD/HKD 7.8456 7.8460 3.4 -3.12 -7.79 HKD
USD/HUF 279.64 280.25 6,080.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.65 109.67 1.4 2.3 -10.2 JPY
USD/MXN 19.139 19.143 44.5 -213.2 76.8 MXN
USD/NOK 8.58390 8.5864 25.8 -0.35 -5.65 NOK
USD/PLN 3.7674 3.7736 61.6 -1.49 -2.14 PLN
USD/RUB 66.480 66.572 914.0 -26.4 1.24 RUB
USD/SEK 9.0117 9.0141 24.0 2.58 -9.03 SEK
USD/SGD 1.3592 1.3595 2.7 -0.61 -1.02 SGD
USD/TRY 5.3369 5.3418 48.7 -81.4 38.6 TRY
USD/ZAR 13.919 13.927 71.1 -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)