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 0.9480 0.9484 4.4 -0.32 -0.59 CAD
AUD/CHF 0.70710 0.7073 2.9 0.14 -0.91 CHF
AUD/JPY 78.9480 78.9760 2.8 -0.07 -0.73 JPY
AUD/NZD 1.0309 1.0312 3.3 -0.59 -0.44 NZD
AUD/USD 0.7134 0.7137 2.2 -0.51 -0.24 USD
CAD/CHF 0.74570 0.7460 3.1 0.03 -0.78 CHF
CAD/JPY 83.2590 83.2890 3.0 -0.1 -0.71 JPY
CHF/JPY 111.63 111.66 3.4 -0.73 -0.27 JPY
EUR/AUD 1.6015 1.6018 3.0 -1.69 0.33 AUD
EUR/CAD 1.5186 1.5189 3.5 -1.06 -0.22 CAD
EUR/CHF 1.1326 1.1329 2.4 -0.17 -0.9 CHF
EUR/CZK 25.633 25.654 200.4 -2.17 -0.93 CZK
EUR/DKK 7.4619 7.4632 12.4 -2.75 -2.93 DKK
EUR/GBP 0.8652 0.8654 2.6 -0.61 -0.19 GBP
EUR/HKD 8.97070 8.97220 15.0 -10.04 0.09 HKD
EUR/HUF 313.13 313.68 5,500.4 -1.85 -1.44 HUF
EUR/JPY 126.46 126.48 2.2 -0.46 -0.64 JPY
EUR/MXN 21.500 21.507 67.4 -332.6 169.8 MXN
EUR/NOK 9.7009 9.7051 42.1 -6.61 -0.7 NOK
EUR/NZD 1.6513 1.6516 3.2 -1.96 0.53 NZD
EUR/PLN 4.2774 4.2801 26.9 -4.18 0.11 PLN
EUR/RUB 72.810 72.938 1,279.4 -260.18 16.82 RUB
EUR/SEK 10.429 10.432 33.7 -3.37 -4.35 SEK
EUR/SGD 1.5378 1.5382 4.1 -1.59 -0.19 SGD
EUR/TRY 6.2139 6.2190 51.3 -114.85 62.6 TRY
EUR/USD 1.14290 1.1430 1.8 -1.29 0.26 USD
EUR/ZAR 16.262 16.278 151.8 -226.5 104.65 ZAR
GBP/AUD 1.8507 1.8510 3.0 -1.49 -0.05 AUD
GBP/CAD 1.7549 1.75540 4.9 -1.05 -0.39 CAD
GBP/CHF 1.30890 1.3092 3.3 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.6220 8.6257 37.2 -0.98 -5.34 DKK
GBP/HKD 10.365 10.368 28.9 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 146.14 146.16 2.6 -0.28 -0.98 JPY
GBP/MXN 24.846 24.853 74.9 -350.6 170.4 MXN
GBP/NOK 11.207 11.219 120.4 -4.75 -1.96 NOK
GBP/NZD 1.90820 1.9086 4.5 -1.74 0.07 NZD
GBP/PLN 4.9424 4.9469 44.9 -3.99 -1.09 PLN
GBP/SEK 12.049 12.060 108.8 -1.02 -7.74 SEK
GBP/SGD 1.77710 1.7775 4.4 -6.65 -3 SGD
GBP/TRY 7.18030 7.1872 69.3 -127.4 68.95 TRY
GBP/USD 1.3207 1.3209 2.1 -1.17 0.02 USD
GBP/ZAR 18.792 18.811 184.5 -238.85 101.05 ZAR
NOK/SEK 1.0744 1.0755 10.4 -0.15 -0.89 SEK
NZD/CAD 0.9194 0.9198 4.6 -0.19 -0.68 CAD
NZD/CHF 0.6857 0.6860 3.0 0.18 -0.93 CHF
NZD/JPY 76.5690 76.5980 2.9 1 -0.88 JPY
NZD/SGD 0.9311 0.93150 3.9 -0.35 -0.83 SGD
NZD/USD 0.6919 0.6922 2.8 -0.42 -0.31 USD
USD/CAD 1.3288 1.3290 2.1 -0.17 -0.8 CAD
USD/CHF 0.9909 0.99120 2.1 0.4 -1.31 CHF
USD/CNH 6.6811 6.6836 24.4 -17.91 -11.69 CNH
USD/CZK 22.399 22.498 980.4 -0.47 -2.1 CZK
USD/DKK 6.5280 6.5295 15.3 1.92 -6.49 DKK
USD/HKD 7.8488 7.8492 4.0 -3.12 -7.79 HKD
USD/HUF 273.95 274.45 5,000.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 110.64 110.66 1.8 2.3 -10.2 JPY
USD/MXN 18.811 18.816 44.6 -213.2 76.8 MXN
USD/NOK 8.4878 8.4903 25.5 -0.35 -5.65 NOK
USD/PLN 3.7416 3.7455 38.4 -1.49 -2.14 PLN
USD/RUB 64.284 64.405 1,214.4 -26.4 1.24 RUB
USD/SEK 9.1245 9.1274 29.3 2.58 -9.03 SEK
USD/SGD 1.3454 1.3457 2.9 -0.61 -1.02 SGD
USD/TRY 5.4265 5.4315 49.9 -81.4 38.6 TRY
USD/ZAR 14.228 14.240 128.4 -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)