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 0.9046 0.9046 0.0 -0.32 -0.59 CAD
AUD/CHF 0.6755 0.6755 0.0 0.14 -0.91 CHF
AUD/JPY 75.0720 75.0720 0.0 -0.07 -0.73 JPY
AUD/NZD 1.0419 1.0419 0.0 -0.59 -0.44 NZD
AUD/USD 0.6871 0.6871 0.0 -0.51 -0.24 USD
CAD/CHF 0.7461 0.7461 0.0 0.03 -0.78 CHF
CAD/JPY 82.9240 82.9240 0.0 -0.1 -0.71 JPY
CHF/JPY 111.04 111.04 0.0 -0.73 -0.27 JPY
EUR/AUD 1.6163 1.6163 0.0 -1.69 0.33 AUD
EUR/CAD 1.4627 1.4627 0.0 -1.06 -0.22 CAD
EUR/CHF 1.0933 1.0933 0.0 -0.17 -0.9 CHF
EUR/CZK 25.424 25.424 0.0 -2.17 -0.93 CZK
EUR/DKK 7.4718 7.4718 0.0 -2.75 -2.93 DKK
EUR/GBP 0.8332 0.8332 0.0 -0.61 -0.19 GBP
EUR/HKD 8.6688 8.6688 0.0 -10.04 0.09 HKD
EUR/HUF 328.82 328.82 0.0 -1.85 -1.44 HUF
EUR/JPY 121.51 121.51 0.0 -0.46 -0.64 JPY
EUR/MXN 21.096 21.096 0.0 -332.6 169.8 MXN
EUR/NOK 10.0290 10.0290 0.0 -6.61 -0.7 NOK
EUR/NZD 1.6867 1.6867 0.0 -1.96 0.53 NZD
EUR/PLN 4.2621 4.2621 0.0 -4.18 0.11 PLN
EUR/RUB 69.873 69.873 0.0 -260.18 16.82 RUB
EUR/SEK 10.437 10.437 0.0 -3.37 -4.35 SEK
EUR/SGD 1.5030 1.5030 0.0 -1.59 -0.19 SGD
EUR/TRY 6.4266 6.4266 0.0 -114.85 62.6 TRY
EUR/USD 1.1116 1.1116 0.0 -1.29 0.26 USD
EUR/ZAR 16.144 16.144 0.0 -226.5 104.65 ZAR
GBP/AUD 1.9381 1.9381 0.0 -1.49 -0.05 AUD
GBP/CAD 1.7538 1.7538 0.0 -1.05 -0.39 CAD
GBP/CHF 1.3114 1.3114 0.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.9673 8.9673 0.0 -0.98 -5.34 DKK
GBP/HKD 10.306 10.306 0.0 -8.96 -2.68 HKD
GBP/HUF 360.09 360.09 0.0 -1.23 -2.57 HUF
GBP/JPY 145.73 145.73 0.0 -0.28 -0.98 JPY
GBP/MXN 25.271 25.271 0.0 -350.6 170.4 MXN
GBP/NOK 12.050 12.050 0.0 -4.75 -1.96 NOK
GBP/NZD 2.0221 2.0221 0.0 -1.74 0.07 NZD
GBP/PLN 5.1046 5.1046 0.0 -3.99 -1.09 PLN
GBP/SEK 12.530 12.530 0.0 -1.02 -7.74 SEK
GBP/SGD 1.80340 1.80340 0.0 -6.65 -3 SGD
GBP/TRY 7.6663 7.6663 0.0 -127.4 68.95 TRY
GBP/USD 1.3325 1.3325 0.0 -1.17 0.02 USD
GBP/ZAR 19.368 19.368 0.0 -238.85 101.05 ZAR
NOK/SEK 1.0369 1.0369 0.0 -0.15 -0.89 SEK
NZD/CAD 0.8654 0.8654 0.0 -0.19 -0.68 CAD
NZD/CHF 0.6483 0.6483 0.0 0.18 -0.93 CHF
NZD/JPY 71.9800 71.9800 0.0 1 -0.88 JPY
NZD/SGD 0.8908 0.8908 0.0 -0.35 -0.83 SGD
NZD/USD 0.6590 0.6590 0.0 -0.42 -0.31 USD
USD/CAD 1.3162 1.3162 0.0 -0.17 -0.8 CAD
USD/CHF 0.9835 0.9835 0.0 0.4 -1.31 CHF
USD/CNH 6.9953 6.9953 0.0 -17.91 -11.69 CNH
USD/CZK 22.874 22.874 0.0 -0.47 -2.1 CZK
USD/DKK 6.7185 6.7185 0.0 1.92 -6.49 DKK
USD/HKD 7.7907 7.7907 0.0 -3.12 -7.79 HKD
USD/HUF 295.88 295.88 0.0 0.17 -2.91 HUF
USD/ILS 3.7929 3.7929 0.0 0.07 -0.18 ILS
USD/JPY 109.31 109.31 0.0 2.3 -10.2 JPY
USD/MXN 18.994 18.994 0.0 -213.2 76.8 MXN
USD/NOK 9.0135 9.0135 0.0 -0.35 -5.65 NOK
USD/PLN 3.8316 3.8316 0.0 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.3899 9.3899 0.0 2.58 -9.03 SEK
USD/SGD 1.3522 1.3522 0.0 -0.61 -1.02 SGD
USD/TRY 5.7906 5.7906 0.0 -81.4 38.6 TRY
USD/ZAR 14.524 14.524 0.0 -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(21:59 GMT)