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 0.9470 0.94750 4.3 -0.32 -0.59 CAD
AUD/CHF 0.7062 0.7065 3.2 0.14 -0.91 CHF
AUD/JPY 78.8570 78.8870 3.0 -0.07 -0.73 JPY
AUD/NZD 1.0306 1.0310 3.5 -0.59 -0.44 NZD
AUD/USD 0.7125 0.71280 2.3 -0.51 -0.24 USD
CAD/CHF 0.7455 0.7458 3.3 0.03 -0.78 CHF
CAD/JPY 83.2430 83.2750 3.2 -0.1 -0.71 JPY
CHF/JPY 111.63 111.66 3.6 -0.73 -0.27 JPY
EUR/AUD 1.6030 1.6033 3.3 -1.69 0.33 AUD
EUR/CAD 1.5185 1.51890 3.7 -1.06 -0.22 CAD
EUR/CHF 1.1323 1.1326 2.5 -0.17 -0.9 CHF
EUR/CZK 25.633 25.655 210.4 -2.17 -0.93 CZK
EUR/DKK 7.46180 7.4633 15.4 -2.75 -2.93 DKK
EUR/GBP 0.8655 0.8657 2.2 -0.61 -0.19 GBP
EUR/HKD 8.9672 8.96910 18.7 -10.04 0.09 HKD
EUR/HUF 313.23 314.00 7,690.4 -1.85 -1.44 HUF
EUR/JPY 126.43 126.45 2.2 -0.46 -0.64 JPY
EUR/MXN 21.509 21.516 76.4 -332.6 169.8 MXN
EUR/NOK 9.70090 9.7049 40.8 -6.61 -0.7 NOK
EUR/NZD 1.6525 1.6528 3.3 -1.96 0.53 NZD
EUR/PLN 4.27680 4.2805 37.4 -4.18 0.11 PLN
EUR/RUB 72.810 72.938 1,279.4 -260.18 16.82 RUB
EUR/SEK 10.427 10.430 32.2 -3.37 -4.35 SEK
EUR/SGD 1.5379 1.5383 4.1 -1.59 -0.19 SGD
EUR/TRY 6.2088 6.2139 51.3 -114.85 62.6 TRY
EUR/USD 1.1424 1.1426 1.8 -1.29 0.26 USD
EUR/ZAR 16.266 16.281 157.6 -226.5 104.65 ZAR
GBP/AUD 1.8518 1.8521 3.4 -1.49 -0.05 AUD
GBP/CAD 1.7541 1.7546 5.1 -1.05 -0.39 CAD
GBP/CHF 1.3081 1.3084 3.5 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.6180 8.6233 53.1 -0.98 -5.34 DKK
GBP/HKD 10.358 10.361 31.2 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 146.05 146.08 2.9 -0.28 -0.98 JPY
GBP/MXN 24.847 24.855 85.0 -350.6 170.4 MXN
GBP/NOK 11.198 11.220 222.0 -4.75 -1.96 NOK
GBP/NZD 1.9089 1.9094 4.4 -1.74 0.07 NZD
GBP/PLN 4.9400 4.94570 56.1 -3.99 -1.09 PLN
GBP/SEK 12.039 12.055 150.9 -1.02 -7.74 SEK
GBP/SGD 1.7766 1.7770 4.6 -6.65 -3 SGD
GBP/TRY 7.1718 7.1789 70.4 -127.4 68.95 TRY
GBP/USD 1.3197 1.3200 2.4 -1.17 0.02 USD
GBP/ZAR 18.790 18.809 194.1 -238.85 101.05 ZAR
NOK/SEK 1.0739 1.0755 15.4 -0.15 -0.89 SEK
NZD/CAD 0.9186 0.9191 5.1 -0.19 -0.68 CAD
NZD/CHF 0.6851 0.6854 3.0 0.18 -0.93 CHF
NZD/JPY 76.4950 76.5240 2.9 1 -0.88 JPY
NZD/SGD 0.9304 0.9308 3.9 -0.35 -0.83 SGD
NZD/USD 0.69120 0.6914 2.7 -0.42 -0.31 USD
USD/CAD 1.32920 1.3294 2.2 -0.17 -0.8 CAD
USD/CHF 0.9910 0.9913 2.4 0.4 -1.31 CHF
USD/CNH 6.6841 6.6868 26.4 -17.91 -11.69 CNH
USD/CZK 22.399 22.498 980.4 -0.47 -2.1 CZK
USD/DKK 6.5304 6.5325 20.8 1.92 -6.49 DKK
USD/HKD 7.8489 7.8493 4.0 -3.12 -7.79 HKD
USD/HUF 274.13 274.83 6,920.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 110.660 110.67 1.8 2.3 -10.2 JPY
USD/MXN 18.825 18.831 54.4 -213.2 76.8 MXN
USD/NOK 8.4907 8.4933 25.5 -0.35 -5.65 NOK
USD/PLN 3.7425 3.7474 48.4 -1.49 -2.14 PLN
USD/RUB 64.284 64.405 1,214.4 -26.4 1.24 RUB
USD/SEK 9.1262 9.1290 28.0 2.58 -9.03 SEK
USD/SGD 1.3460 1.3463 3.1 -0.61 -1.02 SGD
USD/TRY 5.4241 5.4291 49.9 -81.4 38.6 TRY
USD/ZAR 14.235 14.250 156.0 -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)