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 0.9496 0.9500 3.9 -0.32 -0.59 CAD
AUD/CHF 0.7057 0.7059 2.5 0.14 -0.91 CHF
AUD/JPY 78.3460 78.3700 2.4 -0.07 -0.73 JPY
AUD/NZD 1.03240 1.0326 2.9 -0.59 -0.44 NZD
AUD/USD 0.7093 0.7095 1.8 -0.51 -0.24 USD
CAD/CHF 0.7429 0.7432 2.7 0.03 -0.78 CHF
CAD/JPY 82.4820 82.5070 2.5 -0.1 -0.71 JPY
CHF/JPY 111.00 111.02 2.4 -0.73 -0.27 JPY
EUR/AUD 1.5942 1.59450 2.5 -1.69 0.33 AUD
EUR/CAD 1.5142 1.5145 3.2 -1.06 -0.22 CAD
EUR/CHF 1.1253 1.1254 1.6 -0.17 -0.9 CHF
EUR/CZK 25.638 25.772 1,334.0 -2.17 -0.93 CZK
EUR/DKK 7.4613 7.4635 22.3 -2.75 -2.93 DKK
EUR/GBP 0.8597 0.8599 2.1 -0.61 -0.19 GBP
EUR/HKD 8.8756 8.8768 11.9 -10.04 0.09 HKD
EUR/HUF 315.82 315.990 1,680.0 -1.85 -1.44 HUF
EUR/JPY 124.92 124.94 1.8 -0.46 -0.64 JPY
EUR/MXN 21.463 21.466 37.0 -332.6 169.8 MXN
EUR/NOK 9.6403 9.64360 32.4 -6.61 -0.7 NOK
EUR/NZD 1.6461 1.6464 3.0 -1.96 0.53 NZD
EUR/PLN 4.29270 4.29430 16.0 -4.18 0.11 PLN
EUR/RUB 72.665 72.726 612.0 -260.18 16.82 RUB
EUR/SEK 10.467 10.469 20.7 -3.37 -4.35 SEK
EUR/SGD 1.5275 1.5279 3.6 -1.59 -0.19 SGD
EUR/TRY 6.2999 6.3027 28.3 -114.85 62.6 TRY
EUR/USD 1.13110 1.1312 1.3 -1.29 0.26 USD
EUR/ZAR 16.249 16.255 62.2 -226.5 104.65 ZAR
GBP/AUD 1.8541 1.8544 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7611 1.7615 3.7 -1.05 -0.39 CAD
GBP/CHF 1.3086 1.3089 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6171 8.6206 34.3 -0.98 -5.34 DKK
GBP/HKD 10.322 10.325 32.0 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 145.28 145.30 2.1 -0.28 -0.98 JPY
GBP/MXN 24.962 24.965 39.3 -350.6 170.4 MXN
GBP/NOK 11.211 11.215 36.6 -4.75 -1.96 NOK
GBP/NZD 1.9144 1.9148 4.0 -1.74 0.07 NZD
GBP/PLN 4.99220 4.9949 27.4 -3.99 -1.09 PLN
GBP/SEK 12.173 12.176 31.7 -1.02 -7.74 SEK
GBP/SGD 1.7766 1.7769 3.7 -6.65 -3 SGD
GBP/TRY 7.3265 7.3301 35.7 -127.4 68.95 TRY
GBP/USD 1.3154 1.3156 1.6 -1.17 0.02 USD
GBP/ZAR 18.898 18.904 58.9 -238.85 101.05 ZAR
NOK/SEK 1.08550 1.08600 5.0 -0.15 -0.89 SEK
NZD/CAD 0.9197 0.9201 4.1 -0.19 -0.68 CAD
NZD/CHF 0.6834 0.6837 2.5 0.18 -0.93 CHF
NZD/JPY 75.8760 75.9020 2.6 1 -0.88 JPY
NZD/SGD 0.9278 0.9281 3.5 -0.35 -0.83 SGD
NZD/USD 0.6869 0.6872 2.4 -0.42 -0.31 USD
USD/CAD 1.3387 1.3389 1.8 -0.17 -0.8 CAD
USD/CHF 0.9948 0.9949 1.6 0.4 -1.31 CHF
USD/CNH 6.71810 6.71990 18.0 -17.91 -11.69 CNH
USD/CZK 22.669 22.779 1,098.0 -0.47 -2.1 CZK
USD/DKK 6.5948 6.6008 59.2 1.92 -6.49 DKK
USD/HKD 7.8469 7.8472 3.1 -3.12 -7.79 HKD
USD/HUF 279.19 279.35 1,590.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.44 110.45 1.4 2.3 -10.2 JPY
USD/MXN 18.974 18.977 24.6 -213.2 76.8 MXN
USD/NOK 8.5221 8.5250 28.7 -0.35 -5.65 NOK
USD/PLN 3.79440 3.79700 26.0 -1.49 -2.14 PLN
USD/RUB 64.240 64.302 619.0 -26.4 1.24 RUB
USD/SEK 9.25300 9.2557 27.8 2.58 -9.03 SEK
USD/SGD 1.3504 1.3507 2.5 -0.61 -1.02 SGD
USD/TRY 5.5660 5.5678 17.8 -81.4 38.6 TRY
USD/ZAR 14.365 14.369 46.9 -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)