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 0.9135 0.91400 4.2 -0.32 -0.59 CAD
AUD/CHF 0.6835 0.6838 2.8 0.14 -0.91 CHF
AUD/JPY 74.4410 74.4700 2.9 -0.07 -0.73 JPY
AUD/NZD 1.05050 1.0508 3.2 -0.59 -0.44 NZD
AUD/USD 0.68850 0.6887 2.3 -0.51 -0.24 USD
CAD/CHF 0.7480 0.7483 3.2 0.03 -0.78 CHF
CAD/JPY 81.4640 81.4950 3.1 -0.1 -0.71 JPY
CHF/JPY 108.88 108.91 3.1 -0.73 -0.27 JPY
EUR/AUD 1.6314 1.6317 3.3 -1.69 0.33 AUD
EUR/CAD 1.49080 1.4911 3.2 -1.06 -0.22 CAD
EUR/CHF 1.1154 1.1156 2.1 -0.17 -0.9 CHF
EUR/CZK 25.550 25.707 1,563.4 -2.17 -0.93 CZK
EUR/DKK 7.4658 7.4676 17.4 -2.75 -2.93 DKK
EUR/GBP 0.8878 0.8881 3.0 -0.61 -0.19 GBP
EUR/HKD 8.7888 8.79240 35.9 -10.04 0.09 HKD
EUR/HUF 322.45 324.52 20,720.4 -1.85 -1.44 HUF
EUR/JPY 121.47 121.49 2.2 -0.46 -0.64 JPY
EUR/MXN 21.368 21.377 85.4 -332.6 169.8 MXN
EUR/NOK 9.7649 9.7691 42.1 -6.61 -0.7 NOK
EUR/NZD 1.7140 1.7144 3.5 -1.96 0.53 NZD
EUR/PLN 4.2589 4.2635 46.0 -4.18 0.11 PLN
EUR/RUB 72.085 72.108 222.4 -260.18 16.82 RUB
EUR/SEK 10.650 10.655 51.2 -3.37 -4.35 SEK
EUR/SGD 1.5309 1.5313 4.4 -1.59 -0.19 SGD
EUR/TRY 6.5143 6.5293 150.5 -114.85 62.6 TRY
EUR/USD 1.1234 1.1236 1.8 -1.29 0.26 USD
EUR/ZAR 16.093 16.102 99.5 -226.5 104.65 ZAR
GBP/AUD 1.8372 1.8375 3.4 -1.49 -0.05 AUD
GBP/CAD 1.67880 1.67920 4.0 -1.05 -0.39 CAD
GBP/CHF 1.25610 1.2564 3.4 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.4 -1.33 -1.77 CZK
GBP/DKK 8.4054 8.4097 43.5 -0.98 -5.34 DKK
GBP/HKD 9.8580 9.8613 33.0 -8.96 -2.68 HKD
GBP/HUF 360.09 360.10 0.4 -1.23 -2.57 HUF
GBP/JPY 136.79 136.81 2.4 -0.28 -0.98 JPY
GBP/MXN 24.063 24.073 97.8 -350.6 170.4 MXN
GBP/NOK 10.995 11.002 76.1 -4.75 -1.96 NOK
GBP/NZD 1.9302 1.93070 4.5 -1.74 0.07 NZD
GBP/PLN 4.79350 4.8041 106.9 -3.99 -1.09 PLN
GBP/SEK 11.986 12.007 201.7 -1.02 -7.74 SEK
GBP/SGD 1.7240 1.7244 4.5 -6.65 -3 SGD
GBP/TRY 7.3355 7.3532 176.9 -127.4 68.95 TRY
GBP/USD 1.2651 1.2653 2.0 -1.17 0.02 USD
GBP/ZAR 18.122 18.134 119.4 -238.85 101.05 ZAR
NOK/SEK 1.0894 1.0915 20.4 -0.15 -0.89 SEK
NZD/CAD 0.8695 0.8699 4.5 -0.19 -0.68 CAD
NZD/CHF 0.65060 0.6509 3.1 0.18 -0.93 CHF
NZD/JPY 70.8520 70.8800 2.8 1 -0.88 JPY
NZD/SGD 0.8929 0.8933 4.1 -0.35 -0.83 SGD
NZD/USD 0.6552 0.6555 2.8 -0.42 -0.31 USD
USD/CAD 1.32700 1.3272 2.2 -0.17 -0.8 CAD
USD/CHF 0.9927 0.99300 2.1 0.4 -1.31 CHF
USD/CNH 6.8935 6.8964 28.4 -17.91 -11.69 CNH
USD/CZK 22.764 22.862 981.4 -0.47 -2.1 CZK
USD/DKK 6.6439 6.6465 26.0 1.92 -6.49 DKK
USD/HKD 7.8231 7.8244 13.0 -3.12 -7.79 HKD
USD/HUF 287.40 288.62 12,220.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.7930 0.4 0.07 -0.18 ILS
USD/JPY 108.11 108.13 1.7 2.3 -10.2 JPY
USD/MXN 19.019 19.025 61.0 -213.2 76.8 MXN
USD/NOK 8.6918 8.6943 25.8 -0.35 -5.65 NOK
USD/PLN 3.7873 3.79780 104.9 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.4 -26.4 1.24 RUB
USD/SEK 9.4790 9.4827 37.0 2.58 -9.03 SEK
USD/SGD 1.3626 1.3629 3.2 -0.61 -1.02 SGD
USD/TRY 5.7890 5.8016 126.1 -81.4 38.6 TRY
USD/ZAR 14.322 14.333 114.1 -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)