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 0.9507 0.9511 4.0 -0.32 -0.59 CAD
AUD/CHF 0.7118 0.7121 3.0 0.14 -0.91 CHF
AUD/JPY 78.2690 78.2960 2.7 -0.07 -0.73 JPY
AUD/NZD 1.0516 1.0519 3.4 -0.59 -0.44 NZD
AUD/USD 0.7136 0.7138 2.2 -0.51 -0.24 USD
CAD/CHF 0.7485 0.7488 3.1 0.03 -0.78 CHF
CAD/JPY 82.3040 82.3340 3.0 -0.1 -0.71 JPY
CHF/JPY 109.93 109.96 3.0 -0.73 -0.27 JPY
EUR/AUD 1.59310 1.5934 3.1 -1.69 0.33 AUD
EUR/CAD 1.5149 1.5152 3.3 -1.06 -0.22 CAD
EUR/CHF 1.1342 1.1344 2.0 -0.17 -0.9 CHF
EUR/CZK 25.607 25.672 641.4 -2.17 -0.93 CZK
EUR/DKK 7.4660 7.4670 10.0 -2.75 -2.93 DKK
EUR/GBP 0.8770 0.8773 2.5 -0.61 -0.19 GBP
EUR/HKD 8.9211 8.9230 18.7 -10.04 0.09 HKD
EUR/HUF 317.90 318.54 6,400.4 -1.85 -1.44 HUF
EUR/JPY 124.710 124.73 2.2 -0.46 -0.64 JPY
EUR/MXN 21.760 21.776 166.8 -332.6 169.8 MXN
EUR/NOK 9.7591 9.7622 30.7 -6.61 -0.7 NOK
EUR/NZD 1.67560 1.6759 3.4 -1.96 0.53 NZD
EUR/PLN 4.2846 4.2864 17.6 -4.18 0.11 PLN
EUR/RUB 75.435 75.674 2,387.4 -260.18 16.82 RUB
EUR/SEK 10.242 10.244 21.0 -3.37 -4.35 SEK
EUR/SGD 1.5452 1.5457 4.3 -1.59 -0.19 SGD
EUR/TRY 6.0757 6.0811 54.0 -114.85 62.6 TRY
EUR/USD 1.1370 1.1372 1.8 -1.29 0.26 USD
EUR/ZAR 15.829 15.836 70.3 -226.5 104.65 ZAR
GBP/AUD 1.8161 1.8164 3.1 -1.49 -0.05 AUD
GBP/CAD 1.7270 1.7274 3.9 -1.05 -0.39 CAD
GBP/CHF 1.2930 1.2933 3.4 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.5099 8.5130 30.5 -0.98 -5.34 DKK
GBP/HKD 10.166 10.170 32.6 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 142.17 142.19 2.6 -0.28 -0.98 JPY
GBP/MXN 24.812 24.818 58.3 -350.6 170.4 MXN
GBP/NOK 11.125 11.128 34.6 -4.75 -1.96 NOK
GBP/NZD 1.9101 1.91060 4.6 -1.74 0.07 NZD
GBP/PLN 4.8832 4.88690 36.3 -3.99 -1.09 PLN
GBP/SEK 11.674 11.680 56.1 -1.02 -7.74 SEK
GBP/SGD 1.7616 1.7620 4.4 -6.65 -3 SGD
GBP/TRY 6.9248 6.9316 68.5 -127.4 68.95 TRY
GBP/USD 1.2962 1.2964 1.9 -1.17 0.02 USD
GBP/ZAR 18.044 18.052 82.1 -238.85 101.05 ZAR
NOK/SEK 1.0494 1.0505 10.4 -0.15 -0.89 SEK
NZD/CAD 0.9039 0.90440 4.9 -0.19 -0.68 CAD
NZD/CHF 0.6767 0.6770 3.1 0.18 -0.93 CHF
NZD/JPY 74.4130 74.4420 2.9 1 -0.88 JPY
NZD/SGD 0.9220 0.9225 4.9 -0.35 -0.83 SGD
NZD/USD 0.6784 0.6787 2.8 -0.42 -0.31 USD
USD/CAD 1.3322 1.33250 2.2 -0.17 -0.8 CAD
USD/CHF 0.9974 0.9976 2.0 0.4 -1.31 CHF
USD/CNH 6.7882 6.7901 18.4 -17.91 -11.69 CNH
USD/CZK 22.524 22.585 606.4 -0.47 -2.1 CZK
USD/DKK 6.5652 6.5665 13.2 1.92 -6.49 DKK
USD/HKD 7.8453 7.84590 5.2 -3.12 -7.79 HKD
USD/HUF 279.54 280.15 6,100.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 109.670 109.68 1.8 2.3 -10.2 JPY
USD/MXN 19.140 19.143 27.4 -213.2 76.8 MXN
USD/NOK 8.5813 8.5843 29.8 -0.35 -5.65 NOK
USD/PLN 3.7652 3.77150 62.6 -1.49 -2.14 PLN
USD/RUB 66.480 66.572 914.4 -26.4 1.24 RUB
USD/SEK 9.0069 9.0100 31.0 2.58 -9.03 SEK
USD/SGD 1.35890 1.3592 3.1 -0.61 -1.02 SGD
USD/TRY 5.3385 5.3433 48.6 -81.4 38.6 TRY
USD/ZAR 13.919 13.926 71.5 -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)