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 0.9530 0.9534 3.7 -0.32 -0.59 CAD
AUD/CHF 0.7141 0.7144 2.5 0.14 -0.91 CHF
AUD/JPY 78.6760 78.6980 2.2 -0.07 -0.73 JPY
AUD/NZD 1.0622 1.0624 2.8 -0.59 -0.44 NZD
AUD/USD 0.7188 0.7190 1.8 -0.51 -0.24 USD
CAD/CHF 0.7491 0.7494 2.7 0.03 -0.78 CHF
CAD/JPY 82.5320 82.5560 2.4 -0.1 -0.71 JPY
CHF/JPY 110.150 110.17 2.5 -0.73 -0.27 JPY
EUR/AUD 1.5864 1.5866 2.6 -1.69 0.33 AUD
EUR/CAD 1.51230 1.51260 3.0 -1.06 -0.22 CAD
EUR/CHF 1.1331 1.13330 1.5 -0.17 -0.9 CHF
EUR/CZK 25.556 25.597 416.0 -2.17 -0.93 CZK
EUR/DKK 7.4646 7.4654 8.0 -2.75 -2.93 DKK
EUR/GBP 0.8809 0.88110 1.6 -0.61 -0.19 GBP
EUR/HKD 8.9463 8.9477 13.5 -10.04 0.09 HKD
EUR/HUF 318.22 318.65 4,280.0 -1.85 -1.44 HUF
EUR/JPY 124.83 124.85 1.9 -0.46 -0.64 JPY
EUR/MXN 21.752 21.765 136.4 -332.6 169.8 MXN
EUR/NOK 9.7295 9.7327 31.6 -6.61 -0.7 NOK
EUR/NZD 1.6854 1.6857 3.6 -1.96 0.53 NZD
EUR/PLN 4.29260 4.29430 17.0 -4.18 0.11 PLN
EUR/RUB 75.539 75.750 2,109.0 -260.18 16.82 RUB
EUR/SEK 10.252 10.254 19.8 -3.37 -4.35 SEK
EUR/SGD 1.5464 1.5468 3.8 -1.59 -0.19 SGD
EUR/TRY 6.1081 6.1103 22.0 -114.85 62.6 TRY
EUR/USD 1.1405 1.1406 1.3 -1.29 0.26 USD
EUR/ZAR 15.757 15.7630 57.9 -226.5 104.65 ZAR
GBP/AUD 1.80070 1.8009 2.7 -1.49 -0.05 AUD
GBP/CAD 1.71650 1.7169 4.2 -1.05 -0.39 CAD
GBP/CHF 1.2861 1.2864 3.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4724 8.47480 23.2 -0.98 -5.34 DKK
GBP/HKD 10.153 10.157 32.8 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 141.69 141.71 2.1 -0.28 -0.98 JPY
GBP/MXN 24.692 24.702 92.1 -350.6 170.4 MXN
GBP/NOK 11.043 11.046 34.2 -4.75 -1.96 NOK
GBP/NZD 1.9127 1.9135 8.5 -1.74 0.07 NZD
GBP/PLN 4.8718 4.8746 27.8 -3.99 -1.09 PLN
GBP/SEK 11.636 11.640 34.8 -1.02 -7.74 SEK
GBP/SGD 1.7553 1.7557 4.0 -6.65 -3 SGD
GBP/TRY 6.9325 6.9359 33.9 -127.4 68.95 TRY
GBP/USD 1.2945 1.2947 1.6 -1.17 0.02 USD
GBP/ZAR 17.884 17.892 72.0 -238.85 101.05 ZAR
NOK/SEK 1.05300 1.05450 15.0 -0.15 -0.89 SEK
NZD/CAD 0.8971 0.8975 4.2 -0.19 -0.68 CAD
NZD/CHF 0.6721 0.6724 2.7 0.18 -0.93 CHF
NZD/JPY 74.0520 74.0760 2.4 1 -0.88 JPY
NZD/SGD 0.9173 0.91790 5.3 -0.35 -0.83 SGD
NZD/USD 0.6766 0.6768 2.4 -0.42 -0.31 USD
USD/CAD 1.3258 1.3260 1.7 -0.17 -0.8 CAD
USD/CHF 0.9934 0.9936 1.7 0.4 -1.31 CHF
USD/CNH 6.78640 6.78820 18.0 -17.91 -11.69 CNH
USD/CZK 22.4000 22.444 441.0 -0.47 -2.1 CZK
USD/DKK 6.5442 6.5453 11.2 1.92 -6.49 DKK
USD/HKD 7.8439 7.8443 3.7 -3.12 -7.79 HKD
USD/HUF 278.96 279.46 4,960.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.44 109.460 1.4 2.3 -10.2 JPY
USD/MXN 19.072 19.075 27.3 -213.2 76.8 MXN
USD/NOK 8.53050 8.53250 20.0 -0.35 -5.65 NOK
USD/PLN 3.7617 3.7671 53.6 -1.49 -2.14 PLN
USD/RUB 66.252 66.404 1,514.0 -26.4 1.24 RUB
USD/SEK 8.9887 8.9906 19.0 2.58 -9.03 SEK
USD/SGD 1.3558 1.3561 2.7 -0.61 -1.02 SGD
USD/TRY 5.3546 5.3575 29.1 -81.4 38.6 TRY
USD/ZAR 13.814 13.820 58.1 -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)