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 0.8994 3.8 -0.32 -0.59 CAD
AUD/CHF 0.67000 0.6702 2.3 0.14 -0.91 CHF
AUD/JPY 73.4460 73.4690 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0652 1.0655 2.9 -0.59 -0.44 NZD
AUD/USD 0.6781 0.6783 1.8 -0.51 -0.24 USD
CAD/CHF 0.7450 0.7454 3.6 0.03 -0.78 CHF
CAD/JPY 81.6800 81.7060 2.6 -0.1 -0.71 JPY
CHF/JPY 109.60 109.63 2.6 -0.73 -0.27 JPY
EUR/AUD 1.6251 1.6254 2.4 -1.69 0.33 AUD
EUR/CAD 1.46130 1.4616 3.1 -1.06 -0.22 CAD
EUR/CHF 1.0890 1.0892 1.7 -0.17 -0.9 CHF
EUR/CZK 25.5290 25.6620 1,330.0 -2.17 -0.93 CZK
EUR/DKK 7.47120 7.47320 20.0 -2.75 -2.93 DKK
EUR/GBP 0.8555 0.8558 2.6 -0.61 -0.19 GBP
EUR/HKD 8.6276 8.6296 20.1 -10.04 0.09 HKD
EUR/HUF 333.44 334.82 13,800.0 -1.85 -1.44 HUF
EUR/JPY 119.38 119.40 1.9 -0.46 -0.64 JPY
EUR/MXN 21.377 21.391 133.6 -332.6 169.8 MXN
EUR/NOK 10.1040 10.106 29.9 -6.61 -0.7 NOK
EUR/NZD 1.7312 1.73190 6.8 -1.96 0.53 NZD
EUR/PLN 4.28450 4.2866 21.9 -4.18 0.11 PLN
EUR/RUB 70.553 70.595 419.0 -260.18 16.82 RUB
EUR/SEK 10.682 10.685 32.6 -3.37 -4.35 SEK
EUR/SGD 1.5012 1.5016 4.4 -1.59 -0.19 SGD
EUR/TRY 6.3456 6.3574 118.7 -114.85 62.6 TRY
EUR/USD 1.1022 1.1024 1.5 -1.29 0.26 USD
EUR/ZAR 16.349 16.354 51.0 -226.5 104.65 ZAR
GBP/AUD 1.8991 1.8995 3.3 -1.49 -0.05 AUD
GBP/CAD 1.7076 1.7080 3.9 -1.05 -0.39 CAD
GBP/CHF 1.2726 1.2729 3.2 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.7293 8.7346 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 139.50 139.53 2.6 -0.28 -0.98 JPY
GBP/MXN 24.867 24.878 117.0 -350.6 170.4 MXN
GBP/NOK 11.807 11.811 33.8 -4.75 -1.96 NOK
GBP/NZD 2.0229 2.0240 10.7 -1.74 0.07 NZD
GBP/PLN 5.0066 5.0100 34.7 -3.99 -1.09 PLN
GBP/SEK 12.483 12.487 34.8 -1.02 -7.74 SEK
GBP/SGD 1.75440 1.7548 4.7 -6.65 -3 SGD
GBP/TRY 7.4148 7.4302 154.0 -127.4 68.95 TRY
GBP/USD 1.2881 1.2883 2.1 -1.17 0.02 USD
GBP/ZAR 19.106 19.112 62.4 -238.85 101.05 ZAR
NOK/SEK 1.05700 1.05750 5.0 -0.15 -0.89 SEK
NZD/CAD 0.84370 0.8444 7.6 -0.19 -0.68 CAD
NZD/CHF 0.6287 0.6292 4.5 0.18 -0.93 CHF
NZD/JPY 68.9370 68.9640 2.7 1 -0.88 JPY
NZD/SGD 0.8665 0.8677 11.5 -0.35 -0.83 SGD
NZD/USD 0.6365 0.6367 2.3 -0.42 -0.31 USD
USD/CAD 1.3256 1.3258 1.6 -0.17 -0.8 CAD
USD/CHF 0.9879 0.98810 1.5 0.4 -1.31 CHF
USD/CNH 7.02410 7.02610 20.0 -17.91 -11.69 CNH
USD/CZK 23.168 23.272 1,039.0 -0.47 -2.1 CZK
USD/DKK 6.7775 6.7795 20.3 1.92 -6.49 DKK
USD/HKD 7.8268 7.8285 17.0 -3.12 -7.79 HKD
USD/HUF 302.64 303.59 9,540.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.29 108.31 1.4 2.3 -10.2 JPY
USD/MXN 19.396 19.399 28.2 -213.2 76.8 MXN
USD/NOK 9.16380 9.17070 69.0 -0.35 -5.65 NOK
USD/PLN 3.8834 3.8921 87.6 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.68850 9.69570 72.0 2.58 -9.03 SEK
USD/SGD 1.36190 1.3621 2.9 -0.61 -1.02 SGD
USD/TRY 5.7542 5.7580 38.4 -81.4 38.6 TRY
USD/ZAR 14.827 14.837 105.4 -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)