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 0.9472 0.9476 4.3 -0.32 -0.59 CAD
AUD/CHF 0.7063 0.7067 3.4 0.14 -0.91 CHF
AUD/JPY 78.8720 78.9020 3.0 -0.07 -0.73 JPY
AUD/NZD 1.03070 1.0310 3.2 -0.59 -0.44 NZD
AUD/USD 0.7127 0.7129 2.3 -0.51 -0.24 USD
CAD/CHF 0.7455 0.7458 3.2 0.03 -0.78 CHF
CAD/JPY 83.2460 83.2770 3.1 -0.1 -0.71 JPY
CHF/JPY 111.63 111.67 3.7 -0.73 -0.27 JPY
EUR/AUD 1.6029 1.6032 3.5 -1.69 0.33 AUD
EUR/CAD 1.5187 1.5190 3.6 -1.06 -0.22 CAD
EUR/CHF 1.1325 1.1327 2.4 -0.17 -0.9 CHF
EUR/CZK 25.633 25.654 200.4 -2.17 -0.93 CZK
EUR/DKK 7.46180 7.4633 15.4 -2.75 -2.93 DKK
EUR/GBP 0.8656 0.8659 2.8 -0.61 -0.19 GBP
EUR/HKD 8.9692 8.9709 16.9 -10.04 0.09 HKD
EUR/HUF 313.24 314.01 7,660.4 -1.85 -1.44 HUF
EUR/JPY 126.45 126.47 2.4 -0.46 -0.64 JPY
EUR/MXN 21.491 21.519 288.4 -332.6 169.8 MXN
EUR/NOK 9.70090 9.7049 40.8 -6.61 -0.7 NOK
EUR/NZD 1.6524 1.6527 3.3 -1.96 0.53 NZD
EUR/PLN 4.27680 4.2805 37.4 -4.18 0.11 PLN
EUR/RUB 72.810 72.938 1,279.4 -260.18 16.82 RUB
EUR/SEK 10.427 10.430 32.2 -3.37 -4.35 SEK
EUR/SGD 1.5381 1.5385 4.2 -1.59 -0.19 SGD
EUR/TRY 6.2089 6.2147 57.7 -114.85 62.6 TRY
EUR/USD 1.1426 1.1428 1.9 -1.29 0.26 USD
EUR/ZAR 16.268 16.284 161.9 -226.5 104.65 ZAR
GBP/AUD 1.8514 1.8517 3.0 -1.49 -0.05 AUD
GBP/CAD 1.7540 1.75460 5.3 -1.05 -0.39 CAD
GBP/CHF 1.3080 1.3084 3.8 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.61710 8.6216 45.1 -0.98 -5.34 DKK
GBP/HKD 10.359 10.362 29.3 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 146.05 146.08 2.5 -0.28 -0.98 JPY
GBP/MXN 24.847 24.855 86.2 -350.6 170.4 MXN
GBP/NOK 11.196 11.218 216.8 -4.75 -1.96 NOK
GBP/NZD 1.9085 1.90900 4.5 -1.74 0.07 NZD
GBP/PLN 4.9392 4.9448 56.2 -3.99 -1.09 PLN
GBP/SEK 12.038 12.054 150.9 -1.02 -7.74 SEK
GBP/SGD 1.7766 1.7770 4.3 -6.65 -3 SGD
GBP/TRY 7.17090 7.1786 77.9 -127.4 68.95 TRY
GBP/USD 1.3198 1.3200 2.1 -1.17 0.02 USD
GBP/ZAR 18.789 18.809 199.1 -238.85 101.05 ZAR
NOK/SEK 1.0739 1.0755 15.4 -0.15 -0.89 SEK
NZD/CAD 0.9188 0.9193 5.1 -0.19 -0.68 CAD
NZD/CHF 0.6852 0.6855 3.0 0.18 -0.93 CHF
NZD/JPY 76.5070 76.5400 3.3 1 -0.88 JPY
NZD/SGD 0.9306 0.9310 3.9 -0.35 -0.83 SGD
NZD/USD 0.6913 0.6916 2.7 -0.42 -0.31 USD
USD/CAD 1.32910 1.3293 2.3 -0.17 -0.8 CAD
USD/CHF 0.9910 0.9912 2.4 0.4 -1.31 CHF
USD/CNH 6.6841 6.6868 26.4 -17.91 -11.69 CNH
USD/CZK 22.399 22.498 980.4 -0.47 -2.1 CZK
USD/DKK 6.5289 6.5310 21.3 1.92 -6.49 DKK
USD/HKD 7.8490 7.8494 4.0 -3.12 -7.79 HKD
USD/HUF 274.09 274.78 6,880.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 110.65 110.67 1.9 2.3 -10.2 JPY
USD/MXN 18.824 18.829 44.1 -213.2 76.8 MXN
USD/NOK 8.4892 8.4918 25.6 -0.35 -5.65 NOK
USD/PLN 3.7418 3.7466 47.4 -1.49 -2.14 PLN
USD/RUB 64.284 64.405 1,214.4 -26.4 1.24 RUB
USD/SEK 9.1246 9.1274 28.0 2.58 -9.03 SEK
USD/SGD 1.3459 1.3462 3.1 -0.61 -1.02 SGD
USD/TRY 5.4232 5.4288 55.6 -81.4 38.6 TRY
USD/ZAR 14.234 14.250 159.8 -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(16:59 GMT-05)