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 0.8952 0.8956 4.4 -0.32 -0.59 CAD
AUD/CHF 0.6603 0.6605 2.5 0.14 -0.91 CHF
AUD/JPY 74.1790 74.2020 2.3 -0.07 -0.73 JPY
AUD/NZD 1.0344 1.0347 2.6 -0.59 -0.44 NZD
AUD/USD 0.6802 0.6804 1.8 -0.51 -0.24 USD
CAD/CHF 0.7373 0.7377 3.7 0.03 -0.78 CHF
CAD/JPY 82.8400 82.8690 2.9 -0.1 -0.71 JPY
CHF/JPY 112.31 112.35 4.1 -0.73 -0.27 JPY
EUR/AUD 1.6207 1.6210 2.6 -1.69 0.33 AUD
EUR/CAD 1.45120 1.45160 4.0 -1.06 -0.22 CAD
EUR/CHF 1.0704 1.0705 1.6 -0.17 -0.9 CHF
EUR/CZK 25.0760 25.213 1,379.0 -2.17 -0.93 CZK
EUR/DKK 7.47070 7.4736 29.7 -2.75 -2.93 DKK
EUR/GBP 0.8443 0.8446 2.6 -0.61 -0.19 GBP
EUR/HKD 8.5730 8.5778 47.5 -10.04 0.09 HKD
EUR/HUF 334.47 336.390 19,150.0 -1.85 -1.44 HUF
EUR/JPY 120.24 120.26 1.8 -0.46 -0.64 JPY
EUR/MXN 20.802 20.808 57.0 -332.6 169.8 MXN
EUR/NOK 9.99310 9.99780 47.0 -6.61 -0.7 NOK
EUR/NZD 1.6768 1.6771 2.8 -1.96 0.53 NZD
EUR/PLN 4.25570 4.2600 43.4 -4.18 0.11 PLN
EUR/RUB 68.483 68.581 976.0 -260.18 16.82 RUB
EUR/SEK 10.5580 10.563 51.0 -3.37 -4.35 SEK
EUR/SGD 1.4929 1.4933 4.3 -1.59 -0.19 SGD
EUR/TRY 6.5528 6.56750 146.3 -114.85 62.6 TRY
EUR/USD 1.1026 1.1028 1.4 -1.29 0.26 USD
EUR/ZAR 15.923 15.936 128.0 -226.5 104.65 ZAR
GBP/AUD 1.9190 1.9193 2.9 -1.49 -0.05 AUD
GBP/CAD 1.7179 1.7190 11.0 -1.05 -0.39 CAD
GBP/CHF 1.2673 1.2676 3.0 -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 142.37 142.39 2.4 -0.28 -0.98 JPY
GBP/MXN 24.630 24.638 77.0 -350.6 170.4 MXN
GBP/NOK 11.832 11.838 57.9 -4.75 -1.96 NOK
GBP/NZD 1.9854 1.98590 4.6 -1.74 0.07 NZD
GBP/PLN 5.0377 5.05730 195.5 -3.99 -1.09 PLN
GBP/SEK 12.501 12.507 59.6 -1.02 -7.74 SEK
GBP/SGD 1.76770 1.7681 4.7 -6.65 -3 SGD
GBP/TRY 7.7581 7.7769 187.8 -127.4 68.95 TRY
GBP/USD 1.3056 1.3058 1.9 -1.17 0.02 USD
GBP/ZAR 18.854 18.8700 156.1 -238.85 101.05 ZAR
NOK/SEK 1.05550 1.05700 15.0 -0.15 -0.89 SEK
NZD/CAD 0.86500 0.8659 9.2 -0.19 -0.68 CAD
NZD/CHF 0.63820 0.6384 2.6 0.18 -0.93 CHF
NZD/JPY 71.6950 71.7190 2.4 1 -0.88 JPY
NZD/SGD 0.8901 0.8905 3.7 -0.35 -0.83 SGD
NZD/USD 0.6574 0.6576 2.4 -0.42 -0.31 USD
USD/CAD 1.3160 1.3162 1.8 -0.17 -0.8 CAD
USD/CHF 0.9706 0.9708 1.6 0.4 -1.31 CHF
USD/CNH 6.96650 6.96850 20.0 -17.91 -11.69 CNH
USD/CZK 22.746 22.858 1,124.0 -0.47 -2.1 CZK
USD/DKK 6.7703 6.7790 86.9 1.92 -6.49 DKK
USD/HKD 7.7732 7.7762 30.4 -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 109.04 109.05 1.4 2.3 -10.2 JPY
USD/MXN 18.864 18.868 45.1 -213.2 76.8 MXN
USD/NOK 9.05760 9.07070 131.0 -0.35 -5.65 NOK
USD/PLN 3.8505 3.8696 191.6 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.56850 9.58420 157.0 2.58 -9.03 SEK
USD/SGD 1.3538 1.3541 3.2 -0.61 -1.02 SGD
USD/TRY 5.9423 5.95340 110.2 -81.4 38.6 TRY
USD/ZAR 14.435 14.454 192.6 -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)