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 0.9026 0.9030 3.9 -0.32 -0.59 CAD
AUD/CHF 0.66300 0.6632 2.5 0.14 -0.91 CHF
AUD/JPY 72.0290 72.0520 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0569 1.0572 3.0 -0.59 -0.44 NZD
AUD/USD 0.6774 0.6776 1.8 -0.51 -0.24 USD
CAD/CHF 0.7343 0.73460 2.8 0.03 -0.78 CHF
CAD/JPY 79.7770 79.8030 2.6 -0.1 -0.71 JPY
CHF/JPY 108.62 108.65 2.7 -0.73 -0.27 JPY
EUR/AUD 1.6358 1.6360 2.6 -1.69 0.33 AUD
EUR/CAD 1.4768 1.4772 3.4 -1.06 -0.22 CAD
EUR/CHF 1.0847 1.0849 1.6 -0.17 -0.9 CHF
EUR/CZK 25.773 25.816 432.0 -2.17 -0.93 CZK
EUR/DKK 7.4557 7.4570 13.6 -2.75 -2.93 DKK
EUR/GBP 0.9158 0.9160 2.4 -0.61 -0.19 GBP
EUR/HKD 8.69260 8.6937 11.1 -10.04 0.09 HKD
EUR/HUF 326.910 327.55 6,430.0 -1.85 -1.44 HUF
EUR/JPY 117.84 117.86 1.9 -0.46 -0.64 JPY
EUR/MXN 22.012 22.019 69.0 -332.6 169.8 MXN
EUR/NOK 9.96170 9.96480 31.0 -6.61 -0.7 NOK
EUR/NZD 1.7291 1.7294 3.0 -1.96 0.53 NZD
EUR/PLN 4.36530 4.36720 19.0 -4.18 0.11 PLN
EUR/RUB 74.183 74.225 425.0 -260.18 16.82 RUB
EUR/SEK 10.764 10.767 30.0 -3.37 -4.35 SEK
EUR/SGD 1.53590 1.5363 4.1 -1.59 -0.19 SGD
EUR/TRY 6.3414 6.3533 119.0 -114.85 62.6 TRY
EUR/USD 1.1083 1.1085 1.3 -1.29 0.26 USD
EUR/ZAR 17.025 17.041 157.6 -226.5 104.65 ZAR
GBP/AUD 1.7859 1.7861 2.7 -1.49 -0.05 AUD
GBP/CAD 1.6123 1.6128 4.3 -1.05 -0.39 CAD
GBP/CHF 1.1842 1.1845 2.8 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.1386 8.1424 37.7 -0.98 -5.34 DKK
GBP/HKD 9.4896 9.4918 22.2 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 128.65 128.680 2.2 -0.28 -0.98 JPY
GBP/MXN 24.032 24.040 80.3 -350.6 170.4 MXN
GBP/NOK 10.875 10.879 33.9 -4.75 -1.96 NOK
GBP/NZD 1.8877 1.8882 4.2 -1.74 0.07 NZD
GBP/PLN 4.7655 4.7684 29.4 -3.99 -1.09 PLN
GBP/SEK 11.752 11.755 33.0 -1.02 -7.74 SEK
GBP/SGD 1.6768 1.6772 4.2 -6.65 -3 SGD
GBP/TRY 6.9231 6.9364 132.9 -127.4 68.95 TRY
GBP/USD 1.2100 1.2102 1.7 -1.17 0.02 USD
GBP/ZAR 18.586 18.606 191.5 -238.85 101.05 ZAR
NOK/SEK 1.07700 1.08350 65.0 -0.15 -0.89 SEK
NZD/CAD 0.8538 0.8544 6.0 -0.19 -0.68 CAD
NZD/CHF 0.6271 0.6274 2.6 0.18 -0.93 CHF
NZD/JPY 68.1390 68.1630 2.4 1 -0.88 JPY
NZD/SGD 0.88810 0.8884 3.6 -0.35 -0.83 SGD
NZD/USD 0.6408 0.6410 2.4 -0.42 -0.31 USD
USD/CAD 1.3324 1.3326 1.7 -0.17 -0.8 CAD
USD/CHF 0.9786 0.9787 1.4 0.4 -1.31 CHF
USD/CNH 7.07130 7.07310 18.0 -17.91 -11.69 CNH
USD/CZK 23.252 23.293 408.0 -0.47 -2.1 CZK
USD/DKK 6.7260 6.7278 18.4 1.92 -6.49 DKK
USD/HKD 7.84240 7.8430 6.5 -3.12 -7.79 HKD
USD/HUF 294.98 295.44 4,590.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 106.31 106.33 1.4 2.3 -10.2 JPY
USD/MXN 19.859 19.864 55.4 -213.2 76.8 MXN
USD/NOK 8.98550 8.99160 61.0 -0.35 -5.65 NOK
USD/PLN 3.9347 3.9433 85.4 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.70950 9.71660 71.0 2.58 -9.03 SEK
USD/SGD 1.3856 1.3859 2.9 -0.61 -1.02 SGD
USD/TRY 5.7222 5.7262 40.0 -81.4 38.6 TRY
USD/ZAR 15.362 15.370 74.0 -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(21:59 GMT)