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 0.9503 0.9507 4.0 -0.32 -0.59 CAD
AUD/CHF 0.7114 0.7117 3.0 0.14 -0.91 CHF
AUD/JPY 78.1220 78.1500 2.8 -0.07 -0.73 JPY
AUD/NZD 1.0510 1.0514 3.3 -0.59 -0.44 NZD
AUD/USD 0.7129 0.7132 2.3 -0.51 -0.24 USD
CAD/CHF 0.7484 0.7487 3.1 0.03 -0.78 CHF
CAD/JPY 82.1900 82.2190 2.9 -0.1 -0.71 JPY
CHF/JPY 109.79 109.82 2.9 -0.73 -0.27 JPY
EUR/AUD 1.5926 1.5929 3.0 -1.69 0.33 AUD
EUR/CAD 1.51380 1.5141 3.5 -1.06 -0.22 CAD
EUR/CHF 1.1332 1.1334 2.2 -0.17 -0.9 CHF
EUR/CZK 25.599 25.690 916.4 -2.17 -0.93 CZK
EUR/DKK 7.4664 7.4669 5.7 -2.75 -2.93 DKK
EUR/GBP 0.8761 0.8763 2.1 -0.61 -0.19 GBP
EUR/HKD 8.9103 8.9117 13.8 -10.04 0.09 HKD
EUR/HUF 317.64 318.55 9,130.4 -1.85 -1.44 HUF
EUR/JPY 124.44 124.46 2.3 -0.46 -0.64 JPY
EUR/MXN 21.729 21.741 119.4 -332.6 169.8 MXN
EUR/NOK 9.7592 9.7621 29.6 -6.61 -0.7 NOK
EUR/NZD 1.6742 1.6746 3.4 -1.96 0.53 NZD
EUR/PLN 4.2852 4.2870 17.4 -4.18 0.11 PLN
EUR/RUB 75.271 75.398 1,270.4 -260.18 16.82 RUB
EUR/SEK 10.243 10.246 20.5 -3.37 -4.35 SEK
EUR/SGD 1.5444 1.5448 4.3 -1.59 -0.19 SGD
EUR/TRY 6.0527 6.0554 27.5 -114.85 62.6 TRY
EUR/USD 1.1357 1.1359 1.7 -1.29 0.26 USD
EUR/ZAR 15.822 15.827 52.9 -226.5 104.65 ZAR
GBP/AUD 1.8176 1.8179 3.3 -1.49 -0.05 AUD
GBP/CAD 1.7276 1.72800 3.8 -1.05 -0.39 CAD
GBP/CHF 1.2932 1.2936 3.5 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.5200 8.52260 25.7 -0.98 -5.34 DKK
GBP/HKD 10.167 10.171 32.7 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 142.01 142.04 2.7 -0.28 -0.98 JPY
GBP/MXN 24.803 24.808 41.4 -350.6 170.4 MXN
GBP/NOK 11.137 11.1410 35.3 -4.75 -1.96 NOK
GBP/NZD 1.9107 1.91120 4.6 -1.74 0.07 NZD
GBP/PLN 4.88990 4.8928 29.3 -3.99 -1.09 PLN
GBP/SEK 11.690 11.693 36.1 -1.02 -7.74 SEK
GBP/SGD 1.7625 1.7630 4.4 -6.65 -3 SGD
GBP/TRY 6.9075 6.9111 36.7 -127.4 68.95 TRY
GBP/USD 1.2961 1.2963 2.1 -1.17 0.02 USD
GBP/ZAR 18.057 18.063 60.4 -238.85 101.05 ZAR
NOK/SEK 1.0484 1.0505 20.4 -0.15 -0.89 SEK
NZD/CAD 0.9039 0.9043 4.7 -0.19 -0.68 CAD
NZD/CHF 0.67670 0.6770 3.1 0.18 -0.93 CHF
NZD/JPY 74.3100 74.3400 3.0 1 -0.88 JPY
NZD/SGD 0.9222 0.92270 4.6 -0.35 -0.83 SGD
NZD/USD 0.6781 0.6784 2.8 -0.42 -0.31 USD
USD/CAD 1.3328 1.3330 2.2 -0.17 -0.8 CAD
USD/CHF 0.9977 0.9979 2.0 0.4 -1.31 CHF
USD/CNH 6.7969 6.7989 19.4 -17.91 -11.69 CNH
USD/CZK 22.534 22.622 878.4 -0.47 -2.1 CZK
USD/DKK 6.57320 6.5743 11.2 1.92 -6.49 DKK
USD/HKD 7.8452 7.8456 3.9 -3.12 -7.79 HKD
USD/HUF 279.70 280.57 8,670.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 109.56 109.57 1.8 2.3 -10.2 JPY
USD/MXN 19.134 19.137 27.4 -213.2 76.8 MXN
USD/NOK 8.5924 8.5944 20.6 -0.35 -5.65 NOK
USD/PLN 3.7684 3.7773 89.4 -1.49 -2.14 PLN
USD/RUB 66.300 66.361 614.4 -26.4 1.24 RUB
USD/SEK 9.0188 9.0212 24.2 2.58 -9.03 SEK
USD/SGD 1.3597 1.3600 3.0 -0.61 -1.02 SGD
USD/TRY 5.3255 5.3283 28.0 -81.4 38.6 TRY
USD/ZAR 13.929 13.935 51.3 -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)