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 1.28007, and ASK price of 1.28021, the difference (1.4 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 3.7 -0.32 -0.59 CAD
AUD/CHF 0.7146 0.7148 2.5 0.14 -0.91 CHF
AUD/JPY 78.7170 78.7400 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0624 1.0627 2.6 -0.59 -0.44 NZD
AUD/USD 0.7190 0.7192 1.9 -0.51 -0.24 USD
CAD/CHF 0.7494 0.7496 2.7 0.03 -0.78 CHF
CAD/JPY 82.5490 82.5720 2.3 -0.1 -0.71 JPY
CHF/JPY 110.13 110.15 2.3 -0.73 -0.27 JPY
EUR/AUD 1.5854 1.5857 2.6 -1.69 0.33 AUD
EUR/CAD 1.5118 1.5121 2.8 -1.06 -0.22 CAD
EUR/CHF 1.1332 1.1334 1.5 -0.17 -0.9 CHF
EUR/CZK 25.564 25.592 276.0 -2.17 -0.93 CZK
EUR/DKK 7.4645 7.4653 8.0 -2.75 -2.93 DKK
EUR/GBP 0.8814 0.8816 2.0 -0.61 -0.19 GBP
EUR/HKD 8.9439 8.9449 10.8 -10.04 0.09 HKD
EUR/HUF 318.07 318.46 3,880.0 -1.85 -1.44 HUF
EUR/JPY 124.82 124.84 1.9 -0.46 -0.64 JPY
EUR/MXN 21.729 21.742 128.1 -332.6 169.8 MXN
EUR/NOK 9.7277 9.73080 30.7 -6.61 -0.7 NOK
EUR/NZD 1.6848 1.6851 3.6 -1.96 0.53 NZD
EUR/PLN 4.29170 4.29340 17.0 -4.18 0.11 PLN
EUR/RUB 75.643 75.755 1,123.0 -260.18 16.82 RUB
EUR/SEK 10.250 10.2520 17.2 -3.37 -4.35 SEK
EUR/SGD 1.5461 1.54650 3.7 -1.59 -0.19 SGD
EUR/TRY 6.1083 6.1104 20.7 -114.85 62.6 TRY
EUR/USD 1.1402 1.1403 1.4 -1.29 0.26 USD
EUR/ZAR 15.727 15.732 49.8 -226.5 104.65 ZAR
GBP/AUD 1.7983 1.7986 2.9 -1.49 -0.05 AUD
GBP/CAD 1.7149 1.7152 3.5 -1.05 -0.39 CAD
GBP/CHF 1.2853 1.2856 2.7 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4677 8.4730 52.9 -0.98 -5.34 DKK
GBP/HKD 10.146 10.149 31.6 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 141.58 141.60 2.2 -0.28 -0.98 JPY
GBP/MXN 24.692 24.702 92.1 -350.6 170.4 MXN
GBP/NOK 11.034 11.038 40.7 -4.75 -1.96 NOK
GBP/NZD 1.9108 1.9116 8.5 -1.74 0.07 NZD
GBP/PLN 4.8677 4.8706 28.5 -3.99 -1.09 PLN
GBP/SEK 11.625 11.629 39.0 -1.02 -7.74 SEK
GBP/SGD 1.7537 1.7541 4.2 -6.65 -3 SGD
GBP/TRY 6.92840 6.9316 32.5 -127.4 68.95 TRY
GBP/USD 1.2933 1.2934 1.8 -1.17 0.02 USD
GBP/ZAR 17.840 17.846 62.6 -238.85 101.05 ZAR
NOK/SEK 1.05200 1.05400 20.0 -0.15 -0.89 SEK
NZD/CAD 0.8971 0.8976 4.3 -0.19 -0.68 CAD
NZD/CHF 0.6724 0.6727 2.9 0.18 -0.93 CHF
NZD/JPY 74.0710 74.0980 2.7 1 -0.88 JPY
NZD/SGD 0.9174 0.9180 5.3 -0.35 -0.83 SGD
NZD/USD 0.6766 0.67690 2.4 -0.42 -0.31 USD
USD/CAD 1.32590 1.3260 1.7 -0.17 -0.8 CAD
USD/CHF 0.9938 0.9939 1.6 0.4 -1.31 CHF
USD/CNH 6.78950 6.79120 17.0 -17.91 -11.69 CNH
USD/CZK 22.418 22.448 302.0 -0.47 -2.1 CZK
USD/DKK 6.5457 6.5476 19.0 1.92 -6.49 DKK
USD/HKD 7.8438 7.8442 3.5 -3.12 -7.79 HKD
USD/HUF 278.92 279.31 3,870.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.46 109.480 1.3 2.3 -10.2 JPY
USD/MXN 19.059 19.062 27.2 -213.2 76.8 MXN
USD/NOK 8.5314 8.5334 20.0 -0.35 -5.65 NOK
USD/PLN 3.7616 3.7664 48.4 -1.49 -2.14 PLN
USD/RUB 66.314 66.435 1,214.0 -26.4 1.24 RUB
USD/SEK 8.9892 8.9911 19.1 2.58 -9.03 SEK
USD/SGD 1.3559 1.3562 2.7 -0.61 -1.02 SGD
USD/TRY 5.3564 5.3592 28.0 -81.4 38.6 TRY
USD/ZAR 13.792 13.797 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)