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 0.9031 0.9035 4.3 -0.32 -0.59 CAD
AUD/CHF 0.6633 0.6636 3.0 0.14 -0.91 CHF
AUD/JPY 72.0500 72.0790 2.9 -0.07 -0.73 JPY
AUD/NZD 1.0575 1.0578 3.3 -0.59 -0.44 NZD
AUD/USD 0.67760 0.6778 2.3 -0.51 -0.24 USD
CAD/CHF 0.7343 0.7346 3.3 0.03 -0.78 CHF
CAD/JPY 79.7640 79.7930 2.9 -0.1 -0.71 JPY
CHF/JPY 108.60 108.63 3.3 -0.73 -0.27 JPY
EUR/AUD 1.6352 1.6355 3.3 -1.69 0.33 AUD
EUR/CAD 1.4771 1.4774 3.8 -1.06 -0.22 CAD
EUR/CHF 1.0849 1.0851 2.0 -0.17 -0.9 CHF
EUR/CZK 25.788 25.813 242.4 -2.17 -0.93 CZK
EUR/DKK 7.4557 7.4571 14.0 -2.75 -2.93 DKK
EUR/GBP 0.9176 0.9179 2.8 -0.61 -0.19 GBP
EUR/HKD 8.69170 8.69280 11.0 -10.04 0.09 HKD
EUR/HUF 326.73 327.39 6,580.4 -1.85 -1.44 HUF
EUR/JPY 117.84 117.86 2.5 -0.46 -0.64 JPY
EUR/MXN 22.009 22.014 53.4 -332.6 169.8 MXN
EUR/NOK 9.9740 9.9772 31.4 -6.61 -0.7 NOK
EUR/NZD 1.7296 1.7299 3.5 -1.96 0.53 NZD
EUR/PLN 4.3580 4.3603 22.4 -4.18 0.11 PLN
EUR/RUB 74.183 74.225 425.4 -260.18 16.82 RUB
EUR/SEK 10.770 10.773 31.4 -3.37 -4.35 SEK
EUR/SGD 1.5357 1.5361 4.5 -1.59 -0.19 SGD
EUR/TRY 6.3300 6.3438 138.4 -114.85 62.6 TRY
EUR/USD 1.1082 1.1084 1.8 -1.29 0.26 USD
EUR/ZAR 17.018 17.038 199.2 -226.5 104.65 ZAR
GBP/AUD 1.7816 1.7819 3.4 -1.49 -0.05 AUD
GBP/CAD 1.6091 1.6099 8.1 -1.05 -0.39 CAD
GBP/CHF 1.1819 1.1823 3.6 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.4 -1.33 -1.77 CZK
GBP/DKK 8.1219 8.1257 38.0 -0.98 -5.34 DKK
GBP/HKD 9.4684 9.4715 31.7 -8.96 -2.68 HKD
GBP/HUF 360.09 360.10 0.4 -1.23 -2.57 HUF
GBP/JPY 128.38 128.420 3.1 -0.28 -0.98 JPY
GBP/MXN 23.978 23.985 70.2 -350.6 170.4 MXN
GBP/NOK 10.867 10.870 32.3 -4.75 -1.96 NOK
GBP/NZD 1.8843 1.8848 5.1 -1.74 0.07 NZD
GBP/PLN 4.7478 4.7511 32.8 -3.99 -1.09 PLN
GBP/SEK 11.734 11.738 31.5 -1.02 -7.74 SEK
GBP/SGD 1.6731 1.6736 5.2 -6.65 -3 SGD
GBP/TRY 6.8949 6.9133 184.6 -127.4 68.95 TRY
GBP/USD 1.2074 1.2076 2.4 -1.17 0.02 USD
GBP/ZAR 18.535 18.568 329.4 -238.85 101.05 ZAR
NOK/SEK 1.0764 1.0830 65.4 -0.15 -0.89 SEK
NZD/CAD 0.8537 0.8543 6.5 -0.19 -0.68 CAD
NZD/CHF 0.6271 0.6274 3.0 0.18 -0.93 CHF
NZD/JPY 68.1160 68.1480 3.2 1 -0.88 JPY
NZD/SGD 0.8877 0.8881 4.0 -0.35 -0.83 SGD
NZD/USD 0.64060 0.6408 2.8 -0.42 -0.31 USD
USD/CAD 1.33280 1.3330 2.3 -0.17 -0.8 CAD
USD/CHF 0.9788 0.9790 1.9 0.4 -1.31 CHF
USD/CNH 7.0718 7.0738 19.4 -17.91 -11.69 CNH
USD/CZK 23.266 23.295 292.4 -0.47 -2.1 CZK
USD/DKK 6.7267 6.7285 18.8 1.92 -6.49 DKK
USD/HKD 7.8420 7.8427 6.7 -3.12 -7.79 HKD
USD/HUF 294.87 295.32 4,480.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.7930 0.4 0.07 -0.18 ILS
USD/JPY 106.32 106.34 1.8 2.3 -10.2 JPY
USD/MXN 19.858 19.862 41.6 -213.2 76.8 MXN
USD/NOK 8.9974 9.0034 59.4 -0.35 -5.65 NOK
USD/PLN 3.9285 3.9371 85.8 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.4 -26.4 1.24 RUB
USD/SEK 9.7155 9.7224 68.4 2.58 -9.03 SEK
USD/SGD 1.3856 1.3859 3.2 -0.61 -1.02 SGD
USD/TRY 5.7130 5.7165 34.9 -81.4 38.6 TRY
USD/ZAR 15.360 15.367 74.4 -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(21:59 GMT)