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 0.8990 0.8995 5.5 -0.32 -0.59 CAD
AUD/CHF 0.6702 0.6705 2.4 0.14 -0.91 CHF
AUD/JPY 73.5210 73.5470 2.6 -0.07 -0.73 JPY
AUD/NZD 1.0656 1.0659 2.7 -0.59 -0.44 NZD
AUD/USD 0.6782 0.6784 1.8 -0.51 -0.24 USD
CAD/CHF 0.7452 0.7456 4.1 0.03 -0.78 CHF
CAD/JPY 81.7510 81.7860 3.5 -0.1 -0.71 JPY
CHF/JPY 109.67 109.69 2.4 -0.73 -0.27 JPY
EUR/AUD 1.6243 1.6246 2.6 -1.69 0.33 AUD
EUR/CAD 1.4606 1.4611 5.0 -1.06 -0.22 CAD
EUR/CHF 1.0890 1.0891 1.6 -0.17 -0.9 CHF
EUR/CZK 25.527 25.665 1,380.0 -2.17 -0.93 CZK
EUR/DKK 7.47120 7.47320 20.0 -2.75 -2.93 DKK
EUR/GBP 0.8558 0.8561 2.5 -0.61 -0.19 GBP
EUR/HKD 8.6257 8.6277 19.3 -10.04 0.09 HKD
EUR/HUF 333.300 334.930 16,300.0 -1.85 -1.44 HUF
EUR/JPY 119.44 119.46 1.8 -0.46 -0.64 JPY
EUR/MXN 21.311 21.326 149.0 -332.6 169.8 MXN
EUR/NOK 10.105 10.110 40.7 -6.61 -0.7 NOK
EUR/NZD 1.7310 1.7320 10.0 -1.96 0.53 NZD
EUR/PLN 4.28410 4.28610 20.0 -4.18 0.11 PLN
EUR/RUB 70.553 70.595 419.0 -260.18 16.82 RUB
EUR/SEK 10.685 10.689 39.3 -3.37 -4.35 SEK
EUR/SGD 1.5007 1.5012 4.6 -1.59 -0.19 SGD
EUR/TRY 6.3388 6.35210 132.2 -114.85 62.6 TRY
EUR/USD 1.1019 1.1020 1.3 -1.29 0.26 USD
EUR/ZAR 16.337 16.344 75.0 -226.5 104.65 ZAR
GBP/AUD 1.8977 1.89800 2.9 -1.49 -0.05 AUD
GBP/CAD 1.7063 1.7070 7.1 -1.05 -0.39 CAD
GBP/CHF 1.2721 1.2724 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.7266 8.7319 52.5 -0.98 -5.34 DKK
GBP/HKD 9.5885 9.59040 18.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 139.54 139.56 2.3 -0.28 -0.98 JPY
GBP/MXN 24.867 24.878 117.0 -350.6 170.4 MXN
GBP/NOK 11.805 11.811 64.7 -4.75 -1.96 NOK
GBP/NZD 2.0219 2.0236 16.3 -1.74 0.07 NZD
GBP/PLN 5.0042 5.0077 34.6 -3.99 -1.09 PLN
GBP/SEK 12.482 12.487 43.6 -1.02 -7.74 SEK
GBP/SGD 1.7533 1.7537 4.4 -6.65 -3 SGD
GBP/TRY 7.4039 7.4222 182.6 -127.4 68.95 TRY
GBP/USD 1.2873 1.2875 1.8 -1.17 0.02 USD
GBP/ZAR 19.086 19.095 89.1 -238.85 101.05 ZAR
NOK/SEK 1.05600 1.05850 25.0 -0.15 -0.89 SEK
NZD/CAD 0.8433 0.8441 7.7 -0.19 -0.68 CAD
NZD/CHF 0.6286 0.6292 5.6 0.18 -0.93 CHF
NZD/JPY 68.9770 69.0050 2.8 1 -0.88 JPY
NZD/SGD 0.8664 0.8673 9.6 -0.35 -0.83 SGD
NZD/USD 0.6363 0.6366 2.5 -0.42 -0.31 USD
USD/CAD 1.3255 1.3256 1.7 -0.17 -0.8 CAD
USD/CHF 0.9881 0.9883 1.5 0.4 -1.31 CHF
USD/CNH 7.02230 7.02470 24.0 -17.91 -11.69 CNH
USD/CZK 23.161 23.284 1,227.0 -0.47 -2.1 CZK
USD/DKK 6.7793 6.7813 20.3 1.92 -6.49 DKK
USD/HKD 7.8267 7.8283 16.0 -3.12 -7.79 HKD
USD/HUF 302.61 303.75 11,430.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.38 108.40 1.4 2.3 -10.2 JPY
USD/MXN 19.342 19.345 30.7 -213.2 76.8 MXN
USD/NOK 9.16870 9.1757 70.2 -0.35 -5.65 NOK
USD/PLN 3.8837 3.8930 92.7 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.69410 9.70110 70.0 2.58 -9.03 SEK
USD/SGD 1.3618 1.36220 3.1 -0.61 -1.02 SGD
USD/TRY 5.75100 5.7552 42.5 -81.4 38.6 TRY
USD/ZAR 14.820 14.835 148.0 -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)