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 0.9503 0.95070 3.6 -0.32 -0.59 CAD
AUD/CHF 0.7115 0.7118 2.6 0.14 -0.91 CHF
AUD/JPY 78.1750 78.1990 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0510 1.0513 2.7 -0.59 -0.44 NZD
AUD/USD 0.7131 0.71330 1.9 -0.51 -0.24 USD
CAD/CHF 0.7486 0.7489 2.6 0.03 -0.78 CHF
CAD/JPY 82.2450 82.2690 2.4 -0.1 -0.71 JPY
CHF/JPY 109.84 109.870 2.7 -0.73 -0.27 JPY
EUR/AUD 1.5927 1.5929 2.6 -1.69 0.33 AUD
EUR/CAD 1.5138 1.5141 3.2 -1.06 -0.22 CAD
EUR/CHF 1.1335 1.1337 1.7 -0.17 -0.9 CHF
EUR/CZK 25.601 25.693 916.0 -2.17 -0.93 CZK
EUR/DKK 7.4662 7.4670 8.0 -2.75 -2.93 DKK
EUR/GBP 0.8766 0.8768 1.9 -0.61 -0.19 GBP
EUR/HKD 8.9122 8.9142 20.2 -10.04 0.09 HKD
EUR/HUF 317.590 318.50 9,130.0 -1.85 -1.44 HUF
EUR/JPY 124.53 124.54 1.7 -0.46 -0.64 JPY
EUR/MXN 21.730 21.742 116.3 -332.6 169.8 MXN
EUR/NOK 9.7567 9.7595 27.6 -6.61 -0.7 NOK
EUR/NZD 1.6742 1.6745 3.0 -1.96 0.53 NZD
EUR/PLN 4.28520 4.2869 17.5 -4.18 0.11 PLN
EUR/RUB 75.189 75.407 2,178.0 -260.18 16.82 RUB
EUR/SEK 10.243 10.244 15.8 -3.37 -4.35 SEK
EUR/SGD 1.5447 1.5450 3.6 -1.59 -0.19 SGD
EUR/TRY 6.0524 6.0551 27.1 -114.85 62.6 TRY
EUR/USD 1.1359 1.13610 1.5 -1.29 0.26 USD
EUR/ZAR 15.804 15.809 52.5 -226.5 104.65 ZAR
GBP/AUD 1.8165 1.8168 2.8 -1.49 -0.05 AUD
GBP/CAD 1.7266 1.7270 3.8 -1.05 -0.39 CAD
GBP/CHF 1.2928 1.2931 3.1 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.5147 8.5174 27.3 -0.98 -5.34 DKK
GBP/HKD 10.169 10.172 32.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 142.03 142.05 2.3 -0.28 -0.98 JPY
GBP/MXN 24.787 24.792 50.5 -350.6 170.4 MXN
GBP/NOK 11.127 11.131 34.2 -4.75 -1.96 NOK
GBP/NZD 1.9095 1.91000 4.3 -1.74 0.07 NZD
GBP/PLN 4.8871 4.8902 31.3 -3.99 -1.09 PLN
GBP/SEK 11.681 11.685 35.3 -1.02 -7.74 SEK
GBP/SGD 1.7618 1.7622 3.6 -6.65 -3 SGD
GBP/TRY 6.9029 6.9066 37.3 -127.4 68.95 TRY
GBP/USD 1.29560 1.2957 1.8 -1.17 0.02 USD
GBP/ZAR 18.026 18.032 62.8 -238.85 101.05 ZAR
NOK/SEK 1.04850 1.05050 20.0 -0.15 -0.89 SEK
NZD/CAD 0.9039 0.9043 4.2 -0.19 -0.68 CAD
NZD/CHF 0.67690 0.6771 2.7 0.18 -0.93 CHF
NZD/JPY 74.3640 74.3900 2.6 1 -0.88 JPY
NZD/SGD 0.9224 0.9228 4.2 -0.35 -0.83 SGD
NZD/USD 0.6783 0.6785 2.4 -0.42 -0.31 USD
USD/CAD 1.3326 1.3328 1.8 -0.17 -0.8 CAD
USD/CHF 0.9978 0.99800 1.6 0.4 -1.31 CHF
USD/CNH 6.79660 6.79850 19.0 -17.91 -11.69 CNH
USD/CZK 22.521 22.607 861.0 -0.47 -2.1 CZK
USD/DKK 6.5719 6.57320 12.1 1.92 -6.49 DKK
USD/HKD 7.8455 7.8459 3.9 -3.12 -7.79 HKD
USD/HUF 279.540 280.41 8,760.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.620 109.63 1.4 2.3 -10.2 JPY
USD/MXN 19.131 19.134 29.5 -213.2 76.8 MXN
USD/NOK 8.5885 8.5905 20.3 -0.35 -5.65 NOK
USD/PLN 3.7684 3.7773 89.0 -1.49 -2.14 PLN
USD/RUB 66.249 66.310 614.0 -26.4 1.24 RUB
USD/SEK 9.0165 9.0186 20.6 2.58 -9.03 SEK
USD/SGD 1.3597 1.3600 2.8 -0.61 -1.02 SGD
USD/TRY 5.3245 5.3271 25.8 -81.4 38.6 TRY
USD/ZAR 13.911 13.916 51.0 -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)