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 0.9142 0.9146 3.7 -0.32 -0.59 CAD
AUD/CHF 0.6839 0.6842 2.8 0.14 -0.91 CHF
AUD/JPY 74.4270 74.4530 2.6 -0.07 -0.73 JPY
AUD/NZD 1.0504 1.0507 2.6 -0.59 -0.44 NZD
AUD/USD 0.6888 0.6890 2.1 -0.51 -0.24 USD
CAD/CHF 0.7479 0.7482 2.7 0.03 -0.78 CHF
CAD/JPY 81.3910 81.4170 2.6 -0.1 -0.71 JPY
CHF/JPY 108.80 108.83 2.7 -0.73 -0.27 JPY
EUR/AUD 1.6308 1.6311 3.3 -1.69 0.33 AUD
EUR/CAD 1.4913 1.4915 2.8 -1.06 -0.22 CAD
EUR/CHF 1.1156 1.11580 1.6 -0.17 -0.9 CHF
EUR/CZK 25.550 25.707 1,563.0 -2.17 -0.93 CZK
EUR/DKK 7.46590 7.46760 17.0 -2.75 -2.93 DKK
EUR/GBP 0.8879 0.8881 2.6 -0.61 -0.19 GBP
EUR/HKD 8.7901 8.7940 38.8 -10.04 0.09 HKD
EUR/HUF 322.45 324.52 20,720.0 -1.85 -1.44 HUF
EUR/JPY 121.40 121.42 1.8 -0.46 -0.64 JPY
EUR/MXN 21.376 21.384 81.0 -332.6 169.8 MXN
EUR/NOK 9.76640 9.7705 41.7 -6.61 -0.7 NOK
EUR/NZD 1.71330 1.7136 3.4 -1.96 0.53 NZD
EUR/PLN 4.2584 4.2630 46.0 -4.18 0.11 PLN
EUR/RUB 72.085 72.108 222.0 -260.18 16.82 RUB
EUR/SEK 10.651 10.655 43.8 -3.37 -4.35 SEK
EUR/SGD 1.5307 1.5311 4.1 -1.59 -0.19 SGD
EUR/TRY 6.5150 6.5295 144.9 -114.85 62.6 TRY
EUR/USD 1.1236 1.12380 1.5 -1.29 0.26 USD
EUR/ZAR 16.094 16.102 88.3 -226.5 104.65 ZAR
GBP/AUD 1.8363 1.8367 3.5 -1.49 -0.05 AUD
GBP/CAD 1.6792 1.6796 3.9 -1.05 -0.39 CAD
GBP/CHF 1.2562 1.2565 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.4054 8.4097 43.1 -0.98 -5.34 DKK
GBP/HKD 9.8580 9.86130 32.6 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 136.70 136.72 1.8 -0.28 -0.98 JPY
GBP/MXN 24.070 24.079 87.5 -350.6 170.4 MXN
GBP/NOK 10.996 11.005 90.8 -4.75 -1.96 NOK
GBP/NZD 1.9292 1.9296 4.4 -1.74 0.07 NZD
GBP/PLN 4.7940 4.8018 78.3 -3.99 -1.09 PLN
GBP/SEK 11.986 12.006 198.5 -1.02 -7.74 SEK
GBP/SGD 1.72370 1.7242 5.1 -6.65 -3 SGD
GBP/TRY 7.3360 7.3530 170.8 -127.4 68.95 TRY
GBP/USD 1.2652 1.2654 1.5 -1.17 0.02 USD
GBP/ZAR 18.122 18.133 108.4 -238.85 101.05 ZAR
NOK/SEK 1.08950 1.09150 20.0 -0.15 -0.89 SEK
NZD/CAD 0.8702 0.8706 4.4 -0.19 -0.68 CAD
NZD/CHF 0.6510 0.6512 2.7 0.18 -0.93 CHF
NZD/JPY 70.8450 70.8700 2.5 1 -0.88 JPY
NZD/SGD 0.8933 0.8936 3.7 -0.35 -0.83 SGD
NZD/USD 0.6557 0.6559 2.3 -0.42 -0.31 USD
USD/CAD 1.3272 1.3274 1.7 -0.17 -0.8 CAD
USD/CHF 0.99280 0.9929 1.8 0.4 -1.31 CHF
USD/CNH 6.88880 6.89230 35.0 -17.91 -11.69 CNH
USD/CZK 22.764 22.862 981.0 -0.47 -2.1 CZK
USD/DKK 6.6439 6.64650 25.6 1.92 -6.49 DKK
USD/HKD 7.8236 7.8246 10.3 -3.12 -7.79 HKD
USD/HUF 287.40 288.62 12,220.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.03 108.05 1.3 2.3 -10.2 JPY
USD/MXN 19.023 19.029 62.5 -213.2 76.8 MXN
USD/NOK 8.6917 8.6942 25.4 -0.35 -5.65 NOK
USD/PLN 3.7873 3.7977 104.5 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.4782 9.4813 30.3 2.58 -9.03 SEK
USD/SGD 1.3622 1.3625 2.8 -0.61 -1.02 SGD
USD/TRY 5.7887 5.8008 121.0 -81.4 38.6 TRY
USD/ZAR 14.321 14.331 100.3 -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)