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 0.9027 0.9031 4.0 -0.32 -0.59 CAD
AUD/CHF 0.6635 0.6637 2.7 0.14 -0.91 CHF
AUD/JPY 72.0250 72.0510 2.6 -0.07 -0.73 JPY
AUD/NZD 1.0575 1.0578 2.9 -0.59 -0.44 NZD
AUD/USD 0.6773 0.67750 1.6 -0.51 -0.24 USD
CAD/CHF 0.7348 0.73510 2.8 0.03 -0.78 CHF
CAD/JPY 79.7630 79.7890 2.6 -0.1 -0.71 JPY
CHF/JPY 108.53 108.55 2.6 -0.73 -0.27 JPY
EUR/AUD 1.6352 1.6355 3.1 -1.69 0.33 AUD
EUR/CAD 1.4765 1.4769 3.5 -1.06 -0.22 CAD
EUR/CHF 1.0852 1.0854 1.7 -0.17 -0.9 CHF
EUR/CZK 25.774 25.819 446.0 -2.17 -0.93 CZK
EUR/DKK 7.4555 7.4568 13.6 -2.75 -2.93 DKK
EUR/GBP 0.9161 0.9163 2.2 -0.61 -0.19 GBP
EUR/HKD 8.68870 8.6898 11.9 -10.04 0.09 HKD
EUR/HUF 326.92 327.56 6,430.0 -1.85 -1.44 HUF
EUR/JPY 117.80 117.81 1.8 -0.46 -0.64 JPY
EUR/MXN 22.001 22.007 62.0 -332.6 169.8 MXN
EUR/NOK 9.96020 9.96320 30.0 -6.61 -0.7 NOK
EUR/NZD 1.7294 1.72980 3.1 -1.96 0.53 NZD
EUR/PLN 4.36160 4.36360 20.0 -4.18 0.11 PLN
EUR/RUB 74.183 74.225 425.0 -260.18 16.82 RUB
EUR/SEK 10.756 10.759 32.0 -3.37 -4.35 SEK
EUR/SGD 1.5352 1.5356 4.1 -1.59 -0.19 SGD
EUR/TRY 6.3434 6.3556 121.8 -114.85 62.6 TRY
EUR/USD 1.1078 1.1079 1.2 -1.29 0.26 USD
EUR/ZAR 17.024 17.040 164.5 -226.5 104.65 ZAR
GBP/AUD 1.7847 1.7851 3.4 -1.49 -0.05 AUD
GBP/CAD 1.6115 1.6119 4.0 -1.05 -0.39 CAD
GBP/CHF 1.1844 1.1847 2.8 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.1359 8.1397 37.7 -0.98 -5.34 DKK
GBP/HKD 9.4823 9.48450 21.2 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 128.56 128.58 2.2 -0.28 -0.98 JPY
GBP/MXN 24.012 24.019 70.4 -350.6 170.4 MXN
GBP/NOK 10.871 10.874 31.1 -4.75 -1.96 NOK
GBP/NZD 1.8875 1.8879 4.1 -1.74 0.07 NZD
GBP/PLN 4.7599 4.76310 31.2 -3.99 -1.09 PLN
GBP/SEK 11.740 11.743 32.7 -1.02 -7.74 SEK
GBP/SGD 1.6755 1.67600 4.4 -6.65 -3 SGD
GBP/TRY 6.9234 6.9367 132.7 -127.4 68.95 TRY
GBP/USD 1.2090 1.2092 1.7 -1.17 0.02 USD
GBP/ZAR 18.580 18.599 191.3 -238.85 101.05 ZAR
NOK/SEK 1.07650 1.08300 65.0 -0.15 -0.89 SEK
NZD/CAD 0.8534 0.8541 6.3 -0.19 -0.68 CAD
NZD/CHF 0.6273 0.6276 2.6 0.18 -0.93 CHF
NZD/JPY 68.0980 68.1260 2.8 1 -0.88 JPY
NZD/SGD 0.8875 0.8878 3.7 -0.35 -0.83 SGD
NZD/USD 0.64040 0.6406 2.4 -0.42 -0.31 USD
USD/CAD 1.33290 1.3330 1.7 -0.17 -0.8 CAD
USD/CHF 0.97960 0.9797 1.5 0.4 -1.31 CHF
USD/CNH 7.07320 7.07510 19.0 -17.91 -11.69 CNH
USD/CZK 23.264 23.3060 419.0 -0.47 -2.1 CZK
USD/DKK 6.7291 6.7309 18.4 1.92 -6.49 DKK
USD/HKD 7.8426 7.84330 6.3 -3.12 -7.79 HKD
USD/HUF 295.160 295.60 4,480.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 106.330 106.34 1.4 2.3 -10.2 JPY
USD/MXN 19.859 19.864 45.5 -213.2 76.8 MXN
USD/NOK 8.98840 8.99480 64.0 -0.35 -5.65 NOK
USD/PLN 3.9334 3.9421 87.1 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.70670 9.7141 74.9 2.58 -9.03 SEK
USD/SGD 1.3857 1.3860 3.0 -0.61 -1.02 SGD
USD/TRY 5.7268 5.73040 35.9 -81.4 38.6 TRY
USD/ZAR 15.370 15.377 74.0 -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)