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 0.9493 0.9497 3.8 -0.32 -0.59 CAD
AUD/CHF 0.7063 0.7066 2.4 0.14 -0.91 CHF
AUD/JPY 78.3980 78.4220 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0321 1.0323 2.7 -0.59 -0.44 NZD
AUD/USD 0.7097 0.70990 1.9 -0.51 -0.24 USD
CAD/CHF 0.7438 0.7441 2.8 0.03 -0.78 CHF
CAD/JPY 82.5640 82.5880 2.4 -0.1 -0.71 JPY
CHF/JPY 110.97 110.99 2.4 -0.73 -0.27 JPY
EUR/AUD 1.5938 1.59410 2.5 -1.69 0.33 AUD
EUR/CAD 1.5134 1.5137 3.1 -1.06 -0.22 CAD
EUR/CHF 1.1260 1.1262 1.9 -0.17 -0.9 CHF
EUR/CZK 25.657 25.734 774.0 -2.17 -0.93 CZK
EUR/DKK 7.4612 7.46350 22.5 -2.75 -2.93 DKK
EUR/GBP 0.8608 0.8610 1.6 -0.61 -0.19 GBP
EUR/HKD 8.8776 8.8787 11.3 -10.04 0.09 HKD
EUR/HUF 315.78 315.95 1,700.0 -1.85 -1.44 HUF
EUR/JPY 124.97 124.99 1.7 -0.46 -0.64 JPY
EUR/MXN 21.450 21.454 38.0 -332.6 169.8 MXN
EUR/NOK 9.6352 9.63830 30.9 -6.61 -0.7 NOK
EUR/NZD 1.6452 1.6455 2.9 -1.96 0.53 NZD
EUR/PLN 4.29060 4.29220 16.0 -4.18 0.11 PLN
EUR/RUB 72.632 72.711 796.0 -260.18 16.82 RUB
EUR/SEK 10.463 10.466 25.7 -3.37 -4.35 SEK
EUR/SGD 1.5277 1.5280 3.6 -1.59 -0.19 SGD
EUR/TRY 6.2853 6.2875 22.2 -114.85 62.6 TRY
EUR/USD 1.1313 1.1314 1.3 -1.29 0.26 USD
EUR/ZAR 16.224 16.229 46.5 -226.5 104.65 ZAR
GBP/AUD 1.85120 1.8514 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7577 1.7581 4.1 -1.05 -0.39 CAD
GBP/CHF 1.3078 1.3081 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6171 8.6206 34.3 -0.98 -5.34 DKK
GBP/HKD 10.310 10.313 27.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 145.15 145.17 2.2 -0.28 -0.98 JPY
GBP/MXN 24.914 24.918 41.3 -350.6 170.4 MXN
GBP/NOK 11.191 11.194 36.3 -4.75 -1.96 NOK
GBP/NZD 1.9108 1.9112 4.0 -1.74 0.07 NZD
GBP/PLN 4.9831 4.9858 27.3 -3.99 -1.09 PLN
GBP/SEK 12.153 12.157 38.6 -1.02 -7.74 SEK
GBP/SGD 1.7743 1.7747 3.9 -6.65 -3 SGD
GBP/TRY 7.2993 7.3031 37.9 -127.4 68.95 TRY
GBP/USD 1.31400 1.3141 1.6 -1.17 0.02 USD
GBP/ZAR 18.843 18.849 64.7 -238.85 101.05 ZAR
NOK/SEK 1.08550 1.08600 5.0 -0.15 -0.89 SEK
NZD/CAD 0.9197 0.9201 4.2 -0.19 -0.68 CAD
NZD/CHF 0.6843 0.6845 2.6 0.18 -0.93 CHF
NZD/JPY 75.9500 75.9740 2.4 1 -0.88 JPY
NZD/SGD 0.9284 0.9287 3.5 -0.35 -0.83 SGD
NZD/USD 0.6875 0.6877 2.4 -0.42 -0.31 USD
USD/CAD 1.3377 1.3378 1.8 -0.17 -0.8 CAD
USD/CHF 0.9952 0.9954 1.6 0.4 -1.31 CHF
USD/CNH 6.71720 6.71900 18.0 -17.91 -11.69 CNH
USD/CZK 22.669 22.753 835.0 -0.47 -2.1 CZK
USD/DKK 6.5934 6.5984 49.8 1.92 -6.49 DKK
USD/HKD 7.8469 7.8472 3.1 -3.12 -7.79 HKD
USD/HUF 279.10 279.26 1,600.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.46 110.47 1.4 2.3 -10.2 JPY
USD/MXN 18.959 18.962 24.7 -213.2 76.8 MXN
USD/NOK 8.5164 8.5183 19.0 -0.35 -5.65 NOK
USD/PLN 3.79210 3.79430 22.0 -1.49 -2.14 PLN
USD/RUB 64.195 64.273 779.0 -26.4 1.24 RUB
USD/SEK 9.24850 9.25090 24.0 2.58 -9.03 SEK
USD/SGD 1.35030 1.3505 2.6 -0.61 -1.02 SGD
USD/TRY 5.5515 5.5536 20.6 -81.4 38.6 TRY
USD/ZAR 14.339 14.344 47.0 -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)