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 0.90260 0.9030 4.3 -0.32 -0.59 CAD
AUD/CHF 0.6633 0.6636 3.0 0.14 -0.91 CHF
AUD/JPY 72.0120 72.0420 3.0 -0.07 -0.73 JPY
AUD/NZD 1.0573 1.0577 3.5 -0.59 -0.44 NZD
AUD/USD 0.6771 0.6774 2.4 -0.51 -0.24 USD
CAD/CHF 0.7347 0.7350 3.2 0.03 -0.78 CHF
CAD/JPY 79.7650 79.7950 3.0 -0.1 -0.71 JPY
CHF/JPY 108.540 108.57 3.2 -0.73 -0.27 JPY
EUR/AUD 1.6354 1.6357 3.5 -1.69 0.33 AUD
EUR/CAD 1.4764 1.4768 3.7 -1.06 -0.22 CAD
EUR/CHF 1.0851 1.0853 1.9 -0.17 -0.9 CHF
EUR/CZK 25.774 25.819 446.4 -2.17 -0.93 CZK
EUR/DKK 7.45550 7.45690 14.0 -2.75 -2.93 DKK
EUR/GBP 0.9160 0.9163 2.8 -0.61 -0.19 GBP
EUR/HKD 8.6877 8.6890 13.4 -10.04 0.09 HKD
EUR/HUF 326.91 327.57 6,580.4 -1.85 -1.44 HUF
EUR/JPY 117.79 117.82 2.2 -0.46 -0.64 JPY
EUR/MXN 22.003 22.009 58.4 -332.6 169.8 MXN
EUR/NOK 9.9623 9.9654 30.4 -6.61 -0.7 NOK
EUR/NZD 1.7295 1.7298 3.4 -1.96 0.53 NZD
EUR/PLN 4.3622 4.3643 20.4 -4.18 0.11 PLN
EUR/RUB 74.183 74.225 425.4 -260.18 16.82 RUB
EUR/SEK 10.757 10.7610 32.2 -3.37 -4.35 SEK
EUR/SGD 1.5351 1.5356 4.5 -1.59 -0.19 SGD
EUR/TRY 6.3374 6.3514 140.0 -114.85 62.6 TRY
EUR/USD 1.1077 1.1078 1.8 -1.29 0.26 USD
EUR/ZAR 17.028 17.044 162.1 -226.5 104.65 ZAR
GBP/AUD 1.7850 1.7853 3.5 -1.49 -0.05 AUD
GBP/CAD 1.61150 1.6119 4.3 -1.05 -0.39 CAD
GBP/CHF 1.1843 1.1846 3.3 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.4 -1.33 -1.77 CZK
GBP/DKK 8.1364 8.1402 38.1 -0.98 -5.34 DKK
GBP/HKD 9.4821 9.4841 20.0 -8.96 -2.68 HKD
GBP/HUF 360.09 360.10 0.4 -1.23 -2.57 HUF
GBP/JPY 128.56 128.59 2.7 -0.28 -0.98 JPY
GBP/MXN 24.015 24.022 69.0 -350.6 170.4 MXN
GBP/NOK 10.873 10.877 31.1 -4.75 -1.96 NOK
GBP/NZD 1.88770 1.8881 4.6 -1.74 0.07 NZD
GBP/PLN 4.7609 4.7640 31.4 -3.99 -1.09 PLN
GBP/SEK 11.742 11.745 32.4 -1.02 -7.74 SEK
GBP/SGD 1.6755 1.6760 4.9 -6.65 -3 SGD
GBP/TRY 6.9170 6.9325 154.8 -127.4 68.95 TRY
GBP/USD 1.2090 1.2092 2.1 -1.17 0.02 USD
GBP/ZAR 18.585 18.604 191.7 -238.85 101.05 ZAR
NOK/SEK 1.0764 1.0825 60.4 -0.15 -0.89 SEK
NZD/CAD 0.8533 0.8540 6.7 -0.19 -0.68 CAD
NZD/CHF 0.6272 0.6275 3.0 0.18 -0.93 CHF
NZD/JPY 68.0920 68.1220 3.0 1 -0.88 JPY
NZD/SGD 0.8874 0.8878 4.1 -0.35 -0.83 SGD
NZD/USD 0.6403 0.6405 2.7 -0.42 -0.31 USD
USD/CAD 1.3328 1.3330 2.2 -0.17 -0.8 CAD
USD/CHF 0.9795 0.9797 1.9 0.4 -1.31 CHF
USD/CNH 7.0736 7.0756 19.4 -17.91 -11.69 CNH
USD/CZK 23.264 23.306 419.4 -0.47 -2.1 CZK
USD/DKK 6.7297 6.7316 18.8 1.92 -6.49 DKK
USD/HKD 7.8426 7.8433 6.7 -3.12 -7.79 HKD
USD/HUF 295.15 295.60 4,480.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.7930 0.4 0.07 -0.18 ILS
USD/JPY 106.33 106.35 1.8 2.3 -10.2 JPY
USD/MXN 19.862 19.866 38.8 -213.2 76.8 MXN
USD/NOK 8.9912 8.9976 63.4 -0.35 -5.65 NOK
USD/PLN 3.9336 3.9422 85.8 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.4 -26.4 1.24 RUB
USD/SEK 9.7085 9.7159 73.4 2.58 -9.03 SEK
USD/SGD 1.3858 1.3861 3.3 -0.61 -1.02 SGD
USD/TRY 5.72240 5.7260 36.2 -81.4 38.6 TRY
USD/ZAR 15.374 15.381 71.8 -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)