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 0.8989 0.8993 3.9 -0.32 -0.59 CAD
AUD/CHF 0.6696 0.6698 2.4 0.14 -0.91 CHF
AUD/JPY 73.4050 73.4280 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0653 1.0656 2.8 -0.59 -0.44 NZD
AUD/USD 0.6780 0.6782 1.8 -0.51 -0.24 USD
CAD/CHF 0.7447 0.7450 2.8 0.03 -0.78 CHF
CAD/JPY 81.6350 81.6660 3.1 -0.1 -0.71 JPY
CHF/JPY 109.60 109.630 2.4 -0.73 -0.27 JPY
EUR/AUD 1.6259 1.6262 2.5 -1.69 0.33 AUD
EUR/CAD 1.4619 1.4622 3.2 -1.06 -0.22 CAD
EUR/CHF 1.08900 1.0891 1.6 -0.17 -0.9 CHF
EUR/CZK 25.5280 25.6610 1,330.0 -2.17 -0.93 CZK
EUR/DKK 7.47120 7.47320 20.0 -2.75 -2.93 DKK
EUR/GBP 0.8557 0.8559 2.3 -0.61 -0.19 GBP
EUR/HKD 8.6315 8.6335 20.1 -10.04 0.09 HKD
EUR/HUF 333.45 334.83 13,800.0 -1.85 -1.44 HUF
EUR/JPY 119.37 119.39 1.9 -0.46 -0.64 JPY
EUR/MXN 21.395 21.410 149.1 -332.6 169.8 MXN
EUR/NOK 10.105 10.108 31.9 -6.61 -0.7 NOK
EUR/NZD 1.7321 1.73300 8.5 -1.96 0.53 NZD
EUR/PLN 4.2841 4.2863 22.0 -4.18 0.11 PLN
EUR/RUB 70.553 70.595 419.0 -260.18 16.82 RUB
EUR/SEK 10.682 10.686 33.8 -3.37 -4.35 SEK
EUR/SGD 1.5018 1.5023 4.5 -1.59 -0.19 SGD
EUR/TRY 6.3476 6.3596 119.9 -114.85 62.6 TRY
EUR/USD 1.1026 1.1028 1.4 -1.29 0.26 USD
EUR/ZAR 16.364 16.375 104.0 -226.5 104.65 ZAR
GBP/AUD 1.8997 1.9000 2.9 -1.49 -0.05 AUD
GBP/CAD 1.7080 1.7085 5.5 -1.05 -0.39 CAD
GBP/CHF 1.2723 1.2726 3.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.7279 8.7331 52.5 -0.98 -5.34 DKK
GBP/HKD 9.5885 9.59040 18.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 139.47 139.49 2.3 -0.28 -0.98 JPY
GBP/MXN 24.867 24.878 117.0 -350.6 170.4 MXN
GBP/NOK 11.807 11.811 34.1 -4.75 -1.96 NOK
GBP/NZD 2.0237 2.0250 12.8 -1.74 0.07 NZD
GBP/PLN 5.0052 5.0089 36.9 -3.99 -1.09 PLN
GBP/SEK 12.482 12.485 35.2 -1.02 -7.74 SEK
GBP/SGD 1.7548 1.7552 4.3 -6.65 -3 SGD
GBP/TRY 7.4155 7.43160 160.6 -127.4 68.95 TRY
GBP/USD 1.2883 1.2885 1.8 -1.17 0.02 USD
GBP/ZAR 19.120 19.132 121.9 -238.85 101.05 ZAR
NOK/SEK 1.05600 1.05850 25.0 -0.15 -0.89 SEK
NZD/CAD 0.8434 0.8443 8.6 -0.19 -0.68 CAD
NZD/CHF 0.62830 0.6288 5.3 0.18 -0.93 CHF
NZD/JPY 68.8880 68.9210 3.3 1 -0.88 JPY
NZD/SGD 0.8664 0.8675 11.2 -0.35 -0.83 SGD
NZD/USD 0.6363 0.6366 2.4 -0.42 -0.31 USD
USD/CAD 1.3257 1.3259 1.6 -0.17 -0.8 CAD
USD/CHF 0.9875 0.9876 1.5 0.4 -1.31 CHF
USD/CNH 7.02390 7.02630 24.0 -17.91 -11.69 CNH
USD/CZK 23.158 23.262 1,038.0 -0.47 -2.1 CZK
USD/DKK 6.7748 6.7768 20.2 1.92 -6.49 DKK
USD/HKD 7.8274 7.8290 16.0 -3.12 -7.79 HKD
USD/HUF 302.52 303.51 9,900.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.25 108.26 1.5 2.3 -10.2 JPY
USD/MXN 19.404 19.410 55.6 -213.2 76.8 MXN
USD/NOK 9.16210 9.16890 68.0 -0.35 -5.65 NOK
USD/PLN 3.8818 3.8905 87.5 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.68560 9.69260 70.0 2.58 -9.03 SEK
USD/SGD 1.3620 1.36230 2.9 -0.61 -1.02 SGD
USD/TRY 5.7537 5.7579 42.4 -81.4 38.6 TRY
USD/ZAR 14.838 14.849 108.2 -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(21:59 GMT)