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 0.8941 0.8945 4.2 -0.32 -0.59 CAD
AUD/CHF 0.65900 0.6592 2.4 0.14 -0.91 CHF
AUD/JPY 74.0280 74.0510 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0335 1.03380 2.7 -0.59 -0.44 NZD
AUD/USD 0.6790 0.67920 1.8 -0.51 -0.24 USD
CAD/CHF 0.7367 0.7371 3.5 0.03 -0.78 CHF
CAD/JPY 82.7680 82.8010 3.3 -0.1 -0.71 JPY
CHF/JPY 112.31 112.34 2.7 -0.73 -0.27 JPY
EUR/AUD 1.6249 1.6251 2.4 -1.69 0.33 AUD
EUR/CAD 1.4532 1.4536 4.0 -1.06 -0.22 CAD
EUR/CHF 1.07100 1.07120 2.0 -0.17 -0.9 CHF
EUR/CZK 25.1080 25.245 1,379.0 -2.17 -0.93 CZK
EUR/DKK 7.47070 7.4736 29.7 -2.75 -2.93 DKK
EUR/GBP 0.8444 0.8447 2.9 -0.61 -0.19 GBP
EUR/HKD 8.5730 8.5778 47.5 -10.04 0.09 HKD
EUR/HUF 335.55 337.65 20,950.0 -1.85 -1.44 HUF
EUR/JPY 120.30 120.32 1.8 -0.46 -0.64 JPY
EUR/MXN 20.814 20.818 40.0 -332.6 169.8 MXN
EUR/NOK 10.028 10.031 30.3 -6.61 -0.7 NOK
EUR/NZD 1.67960 1.6798 2.8 -1.96 0.53 NZD
EUR/PLN 4.26090 4.26310 22.0 -4.18 0.11 PLN
EUR/RUB 68.483 68.581 976.0 -260.18 16.82 RUB
EUR/SEK 10.571 10.574 30.0 -3.37 -4.35 SEK
EUR/SGD 1.4952 1.4956 3.9 -1.59 -0.19 SGD
EUR/TRY 6.5547 6.5615 68.1 -114.85 62.6 TRY
EUR/USD 1.1035 1.1036 1.4 -1.29 0.26 USD
EUR/ZAR 15.987 15.993 63.0 -226.5 104.65 ZAR
GBP/AUD 1.9239 1.9242 2.5 -1.49 -0.05 AUD
GBP/CAD 1.7205 1.7211 6.1 -1.05 -0.39 CAD
GBP/CHF 1.2680 1.2683 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.8554 8.86340 79.5 -0.98 -5.34 DKK
GBP/HKD 10.118 10.121 27.9 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 142.44 142.470 2.2 -0.28 -0.98 JPY
GBP/MXN 24.644 24.649 46.1 -350.6 170.4 MXN
GBP/NOK 11.874 11.878 39.7 -4.75 -1.96 NOK
GBP/NZD 1.9886 1.9890 3.9 -1.74 0.07 NZD
GBP/PLN 5.0363 5.0562 199.0 -3.99 -1.09 PLN
GBP/SEK 12.516 12.520 32.5 -1.02 -7.74 SEK
GBP/SGD 1.7704 1.77090 4.2 -6.65 -3 SGD
GBP/TRY 7.76000 7.7698 98.1 -127.4 68.95 TRY
GBP/USD 1.30660 1.3067 1.6 -1.17 0.02 USD
GBP/ZAR 18.929 18.936 70.6 -238.85 101.05 ZAR
NOK/SEK 1.05150 1.05600 45.0 -0.15 -0.89 SEK
NZD/CAD 0.8648 0.8657 8.9 -0.19 -0.68 CAD
NZD/CHF 0.6375 0.6377 2.5 0.18 -0.93 CHF
NZD/JPY 71.6170 71.6420 2.5 1 -0.88 JPY
NZD/SGD 0.8901 0.8904 3.6 -0.35 -0.83 SGD
NZD/USD 0.6568 0.6571 2.3 -0.42 -0.31 USD
USD/CAD 1.3168 1.3170 1.7 -0.17 -0.8 CAD
USD/CHF 0.9704 0.9706 1.5 0.4 -1.31 CHF
USD/CNH 6.97200 6.97380 18.0 -17.91 -11.69 CNH
USD/CZK 22.758 22.870 1,123.0 -0.47 -2.1 CZK
USD/DKK 6.7659 6.7728 69.2 1.92 -6.49 DKK
USD/HKD 7.7753 7.77720 18.2 -3.12 -7.79 HKD
USD/HUF 303.69 304.88 11,950.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 109.01 109.03 1.4 2.3 -10.2 JPY
USD/MXN 18.860 18.863 26.4 -213.2 76.8 MXN
USD/NOK 9.08540 9.09260 72.0 -0.35 -5.65 NOK
USD/PLN 3.8545 3.8693 147.9 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.57670 9.58410 74.0 2.58 -9.03 SEK
USD/SGD 1.3549 1.3552 2.9 -0.61 -1.02 SGD
USD/TRY 5.9401 5.9427 25.8 -81.4 38.6 TRY
USD/ZAR 14.482 14.497 144.4 -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)