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 0.9508 0.95130 4.2 -0.32 -0.59 CAD
AUD/CHF 0.7119 0.7122 3.0 0.14 -0.91 CHF
AUD/JPY 78.2660 78.2940 2.8 -0.07 -0.73 JPY
AUD/NZD 1.0513 1.0516 3.3 -0.59 -0.44 NZD
AUD/USD 0.7137 0.7139 2.3 -0.51 -0.24 USD
CAD/CHF 0.7485 0.74890 3.1 0.03 -0.78 CHF
CAD/JPY 82.2920 82.3220 3.0 -0.1 -0.71 JPY
CHF/JPY 109.91 109.93 2.7 -0.73 -0.27 JPY
EUR/AUD 1.5927 1.5930 3.0 -1.69 0.33 AUD
EUR/CAD 1.5148 1.5151 3.6 -1.06 -0.22 CAD
EUR/CHF 1.1342 1.1344 2.0 -0.17 -0.9 CHF
EUR/CZK 25.613 25.677 640.4 -2.17 -0.93 CZK
EUR/DKK 7.4660 7.4670 10.0 -2.75 -2.93 DKK
EUR/GBP 0.8770 0.8773 2.6 -0.61 -0.19 GBP
EUR/HKD 8.9199 8.9219 19.7 -10.04 0.09 HKD
EUR/HUF 317.87 318.52 6,410.4 -1.85 -1.44 HUF
EUR/JPY 124.68 124.70 2.2 -0.46 -0.64 JPY
EUR/MXN 21.757 21.775 177.5 -332.6 169.8 MXN
EUR/NOK 9.7595 9.7633 37.4 -6.61 -0.7 NOK
EUR/NZD 1.6747 1.6751 3.5 -1.96 0.53 NZD
EUR/PLN 4.2840 4.2865 24.3 -4.18 0.11 PLN
EUR/RUB 75.435 75.674 2,387.4 -260.18 16.82 RUB
EUR/SEK 10.242 10.245 32.7 -3.37 -4.35 SEK
EUR/SGD 1.5452 1.5456 4.0 -1.59 -0.19 SGD
EUR/TRY 6.07570 6.0809 52.9 -114.85 62.6 TRY
EUR/USD 1.1369 1.1371 1.7 -1.29 0.26 USD
EUR/ZAR 15.828 15.835 66.1 -226.5 104.65 ZAR
GBP/AUD 1.81580 1.8161 3.1 -1.49 -0.05 AUD
GBP/CAD 1.7268 1.7272 4.2 -1.05 -0.39 CAD
GBP/CHF 1.2930 1.2933 3.4 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.5102 8.5135 32.3 -0.98 -5.34 DKK
GBP/HKD 10.166 10.170 32.6 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 142.140 142.16 2.5 -0.28 -0.98 JPY
GBP/MXN 24.810 24.817 70.2 -350.6 170.4 MXN
GBP/NOK 11.125 11.129 41.0 -4.75 -1.96 NOK
GBP/NZD 1.9092 1.9096 4.6 -1.74 0.07 NZD
GBP/PLN 4.8832 4.8869 37.1 -3.99 -1.09 PLN
GBP/SEK 11.674 11.681 63.4 -1.02 -7.74 SEK
GBP/SGD 1.7616 1.7620 4.2 -6.65 -3 SGD
GBP/TRY 6.9258 6.9325 66.7 -127.4 68.95 TRY
GBP/USD 1.2961 1.2963 2.0 -1.17 0.02 USD
GBP/ZAR 18.043 18.052 82.1 -238.85 101.05 ZAR
NOK/SEK 1.0494 1.0505 10.4 -0.15 -0.89 SEK
NZD/CAD 0.90430 0.9048 5.2 -0.19 -0.68 CAD
NZD/CHF 0.67710 0.6774 3.1 0.18 -0.93 CHF
NZD/JPY 74.4350 74.4620 2.7 1 -0.88 JPY
NZD/SGD 0.92250 0.9229 4.9 -0.35 -0.83 SGD
NZD/USD 0.6787 0.6790 2.6 -0.42 -0.31 USD
USD/CAD 1.33230 1.3325 2.2 -0.17 -0.8 CAD
USD/CHF 0.9975 0.9977 2.0 0.4 -1.31 CHF
USD/CNH 6.7896 6.7915 18.4 -17.91 -11.69 CNH
USD/CZK 22.524 22.585 606.4 -0.47 -2.1 CZK
USD/DKK 6.5658 6.5672 13.4 1.92 -6.49 DKK
USD/HKD 7.84540 7.8459 5.2 -3.12 -7.79 HKD
USD/HUF 279.54 280.15 6,100.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 109.65 109.67 1.7 2.3 -10.2 JPY
USD/MXN 19.141 19.144 35.7 -213.2 76.8 MXN
USD/NOK 8.5826 8.5870 44.5 -0.35 -5.65 NOK
USD/PLN 3.7662 3.7725 63.5 -1.49 -2.14 PLN
USD/RUB 66.480 66.572 914.4 -26.4 1.24 RUB
USD/SEK 9.0052 9.0155 103.0 2.58 -9.03 SEK
USD/SGD 1.3590 1.3593 3.0 -0.61 -1.02 SGD
USD/TRY 5.3390 5.3458 67.9 -81.4 38.6 TRY
USD/ZAR 13.918 13.926 81.6 -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)