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 0.94710 0.9474 3.8 -0.32 -0.59 CAD
AUD/CHF 0.70630 0.7065 2.7 0.14 -0.91 CHF
AUD/JPY 78.8600 78.8880 2.8 -0.07 -0.73 JPY
AUD/NZD 1.0307 1.0310 2.7 -0.59 -0.44 NZD
AUD/USD 0.7125 0.7127 1.9 -0.51 -0.24 USD
CAD/CHF 0.7455 0.7458 2.9 0.03 -0.78 CHF
CAD/JPY 83.2490 83.2770 2.8 -0.1 -0.71 JPY
CHF/JPY 111.63 111.66 3.3 -0.73 -0.27 JPY
EUR/AUD 1.6028 1.6031 3.0 -1.69 0.33 AUD
EUR/CAD 1.5183 1.5186 3.2 -1.06 -0.22 CAD
EUR/CHF 1.13230 1.1325 2.1 -0.17 -0.9 CHF
EUR/CZK 25.6340 25.6540 200.0 -2.17 -0.93 CZK
EUR/DKK 7.4618 7.4633 15.0 -2.75 -2.93 DKK
EUR/GBP 0.8654 0.8656 2.2 -0.61 -0.19 GBP
EUR/HKD 8.9663 8.9682 18.3 -10.04 0.09 HKD
EUR/HUF 313.24 313.99 7,550.0 -1.85 -1.44 HUF
EUR/JPY 126.42 126.44 2.0 -0.46 -0.64 JPY
EUR/MXN 21.491 21.514 234.0 -332.6 169.8 MXN
EUR/NOK 9.7009 9.7050 41.3 -6.61 -0.7 NOK
EUR/NZD 1.6523 1.6526 3.3 -1.96 0.53 NZD
EUR/PLN 4.2768 4.2805 37.0 -4.18 0.11 PLN
EUR/RUB 72.810 72.938 1,279.0 -260.18 16.82 RUB
EUR/SEK 10.427 10.430 31.8 -3.37 -4.35 SEK
EUR/SGD 1.5377 1.5381 4.1 -1.59 -0.19 SGD
EUR/TRY 6.2080 6.2132 51.9 -114.85 62.6 TRY
EUR/USD 1.1423 1.14250 1.5 -1.29 0.26 USD
EUR/ZAR 16.264 16.280 158.5 -226.5 104.65 ZAR
GBP/AUD 1.8517 1.8520 2.8 -1.49 -0.05 AUD
GBP/CAD 1.7541 1.7545 4.2 -1.05 -0.39 CAD
GBP/CHF 1.3081 1.3084 3.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6180 8.62330 52.7 -0.98 -5.34 DKK
GBP/HKD 10.358 10.361 29.6 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 146.05 146.08 2.3 -0.28 -0.98 JPY
GBP/MXN 24.846 24.854 83.9 -350.6 170.4 MXN
GBP/NOK 11.198 11.220 216.4 -4.75 -1.96 NOK
GBP/NZD 1.9089 1.9093 4.0 -1.74 0.07 NZD
GBP/PLN 4.94050 4.9460 55.7 -3.99 -1.09 PLN
GBP/SEK 12.040 12.055 150.4 -1.02 -7.74 SEK
GBP/SGD 1.7765 1.7769 3.9 -6.65 -3 SGD
GBP/TRY 7.1715 7.1785 70.0 -127.4 68.95 TRY
GBP/USD 1.3197 1.3199 1.9 -1.17 0.02 USD
GBP/ZAR 18.789 18.808 192.0 -238.85 101.05 ZAR
NOK/SEK 1.07400 1.07550 15.0 -0.15 -0.89 SEK
NZD/CAD 0.9186 0.9191 4.8 -0.19 -0.68 CAD
NZD/CHF 0.6851 0.68540 2.6 0.18 -0.93 CHF
NZD/JPY 76.4950 76.5220 2.7 1 -0.88 JPY
NZD/SGD 0.93050 0.9308 3.5 -0.35 -0.83 SGD
NZD/USD 0.6912 0.6914 2.3 -0.42 -0.31 USD
USD/CAD 1.3292 1.3293 1.8 -0.17 -0.8 CAD
USD/CHF 0.9911 0.9913 1.9 0.4 -1.31 CHF
USD/CNH 6.68420 6.68680 26.0 -17.91 -11.69 CNH
USD/CZK 22.4000 22.4980 980.0 -0.47 -2.1 CZK
USD/DKK 6.5308 6.5329 20.9 1.92 -6.49 DKK
USD/HKD 7.84900 7.8493 3.6 -3.12 -7.79 HKD
USD/HUF 274.16 274.86 6,930.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.66 110.680 1.4 2.3 -10.2 JPY
USD/MXN 18.825 18.831 53.5 -213.2 76.8 MXN
USD/NOK 8.4918 8.4945 26.7 -0.35 -5.65 NOK
USD/PLN 3.74290 3.74760 47.0 -1.49 -2.14 PLN
USD/RUB 64.284 64.405 1,214.0 -26.4 1.24 RUB
USD/SEK 9.1273 9.1302 29.2 2.58 -9.03 SEK
USD/SGD 1.3460 1.3463 2.7 -0.61 -1.02 SGD
USD/TRY 5.4241 5.4291 49.5 -81.4 38.6 TRY
USD/ZAR 14.235 14.251 154.3 -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)