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 0.9487 0.9490 3.7 -0.32 -0.59 CAD
AUD/CHF 0.7069 0.7072 2.8 0.14 -0.91 CHF
AUD/JPY 78.3730 78.3990 2.6 -0.07 -0.73 JPY
AUD/NZD 1.03250 1.0328 3.1 -0.59 -0.44 NZD
AUD/USD 0.70940 0.7096 2.1 -0.51 -0.24 USD
CAD/CHF 0.7450 0.7453 2.8 0.03 -0.78 CHF
CAD/JPY 82.5970 82.6200 2.3 -0.1 -0.71 JPY
CHF/JPY 110.83 110.86 2.6 -0.73 -0.27 JPY
EUR/AUD 1.5931 1.5934 3.4 -1.69 0.33 AUD
EUR/CAD 1.5117 1.5120 3.2 -1.06 -0.22 CAD
EUR/CHF 1.12660 1.1267 1.6 -0.17 -0.9 CHF
EUR/CZK 25.656 25.733 774.0 -2.17 -0.93 CZK
EUR/DKK 7.46120 7.46350 23.0 -2.75 -2.93 DKK
EUR/GBP 0.8629 0.8631 2.1 -0.61 -0.19 GBP
EUR/HKD 8.8702 8.8712 10.3 -10.04 0.09 HKD
EUR/HUF 315.14 316.32 11,790.0 -1.85 -1.44 HUF
EUR/JPY 124.88 124.90 1.8 -0.46 -0.64 JPY
EUR/MXN 21.442 21.456 134.2 -332.6 169.8 MXN
EUR/NOK 9.6370 9.6400 29.5 -6.61 -0.7 NOK
EUR/NZD 1.6451 1.6455 3.7 -1.96 0.53 NZD
EUR/PLN 4.2876 4.2899 23.6 -4.18 0.11 PLN
EUR/RUB 72.420 72.501 813.0 -260.18 16.82 RUB
EUR/SEK 10.466 10.468 23.0 -3.37 -4.35 SEK
EUR/SGD 1.5273 1.5277 4.4 -1.59 -0.19 SGD
EUR/TRY 6.27020 6.2727 25.2 -114.85 62.6 TRY
EUR/USD 1.1303 1.1305 1.3 -1.29 0.26 USD
EUR/ZAR 16.216 16.222 53.8 -226.5 104.65 ZAR
GBP/AUD 1.8458 1.8462 4.0 -1.49 -0.05 AUD
GBP/CAD 1.7515 1.7519 3.9 -1.05 -0.39 CAD
GBP/CHF 1.3052 1.3055 3.4 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6171 8.6206 34.3 -0.98 -5.34 DKK
GBP/HKD 10.277 10.279 24.0 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 144.690 144.72 3.6 -0.28 -0.98 JPY
GBP/MXN 24.848 24.852 39.3 -350.6 170.4 MXN
GBP/NOK 11.164 11.168 40.7 -4.75 -1.96 NOK
GBP/NZD 1.9059 1.9067 8.1 -1.74 0.07 NZD
GBP/PLN 4.9589 4.9782 192.3 -3.99 -1.09 PLN
GBP/SEK 12.126 12.129 32.6 -1.02 -7.74 SEK
GBP/SGD 1.7696 1.7701 4.9 -6.65 -3 SGD
GBP/TRY 7.2645 7.2683 37.9 -127.4 68.95 TRY
GBP/USD 1.3096 1.3099 2.7 -1.17 0.02 USD
GBP/ZAR 18.789 18.795 63.9 -238.85 101.05 ZAR
NOK/SEK 1.08550 1.08600 5.0 -0.15 -0.89 SEK
NZD/CAD 0.91870 0.9190 3.9 -0.19 -0.68 CAD
NZD/CHF 0.6846 0.6849 2.8 0.18 -0.93 CHF
NZD/JPY 75.8940 75.9210 2.7 1 -0.88 JPY
NZD/SGD 0.9282 0.9286 4.0 -0.35 -0.83 SGD
NZD/USD 0.6869 0.68720 2.5 -0.42 -0.31 USD
USD/CAD 1.3373 1.3375 2.2 -0.17 -0.8 CAD
USD/CHF 0.9965 0.9967 1.5 0.4 -1.31 CHF
USD/CNH 6.71880 6.72060 18.0 -17.91 -11.69 CNH
USD/CZK 22.682 22.772 902.0 -0.47 -2.1 CZK
USD/DKK 6.5990 6.6040 49.7 1.92 -6.49 DKK
USD/HKD 7.8470 7.8473 3.1 -3.12 -7.79 HKD
USD/HUF 278.71 279.89 11,820.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.47 110.48 1.4 2.3 -10.2 JPY
USD/MXN 18.972 18.978 59.8 -213.2 76.8 MXN
USD/NOK 8.5251 8.5270 19.2 -0.35 -5.65 NOK
USD/PLN 3.79270 3.7983 56.9 -1.49 -2.14 PLN
USD/RUB 64.086 64.162 759.0 -26.4 1.24 RUB
USD/SEK 9.2582 9.2605 23.2 2.58 -9.03 SEK
USD/SGD 1.3511 1.3513 2.8 -0.61 -1.02 SGD
USD/TRY 5.5428 5.5451 22.8 -81.4 38.6 TRY
USD/ZAR 14.345 14.350 50.9 -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)