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 0.9543 0.9547 3.5 -0.32 -0.59 CAD
AUD/CHF 0.7147 0.7149 2.5 0.14 -0.91 CHF
AUD/JPY 78.7330 78.7570 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0622 1.0625 3.0 -0.59 -0.44 NZD
AUD/USD 0.7194 0.7196 1.9 -0.51 -0.24 USD
CAD/CHF 0.7487 0.7490 2.5 0.03 -0.78 CHF
CAD/JPY 82.4820 82.5050 2.3 -0.1 -0.71 JPY
CHF/JPY 110.140 110.16 2.6 -0.73 -0.27 JPY
EUR/AUD 1.5851 1.5854 2.6 -1.69 0.33 AUD
EUR/CAD 1.51310 1.5133 2.9 -1.06 -0.22 CAD
EUR/CHF 1.1331 1.1333 1.6 -0.17 -0.9 CHF
EUR/CZK 25.562 25.597 350.0 -2.17 -0.93 CZK
EUR/DKK 7.4645 7.4653 7.9 -2.75 -2.93 DKK
EUR/GBP 0.8816 0.8818 1.9 -0.61 -0.19 GBP
EUR/HKD 8.9469 8.9482 12.2 -10.04 0.09 HKD
EUR/HUF 318.10 318.49 3,880.0 -1.85 -1.44 HUF
EUR/JPY 124.82 124.84 1.8 -0.46 -0.64 JPY
EUR/MXN 21.708 21.721 132.8 -332.6 169.8 MXN
EUR/NOK 9.7257 9.7288 30.9 -6.61 -0.7 NOK
EUR/NZD 1.6841 1.6845 3.9 -1.96 0.53 NZD
EUR/PLN 4.29090 4.29260 17.0 -4.18 0.11 PLN
EUR/RUB 75.609 75.721 1,122.0 -260.18 16.82 RUB
EUR/SEK 10.250 10.252 21.0 -3.37 -4.35 SEK
EUR/SGD 1.5464 1.5468 3.9 -1.59 -0.19 SGD
EUR/TRY 6.1102 6.1125 22.7 -114.85 62.6 TRY
EUR/USD 1.1406 1.1407 1.3 -1.29 0.26 USD
EUR/ZAR 15.710 15.715 52.5 -226.5 104.65 ZAR
GBP/AUD 1.7976 1.7979 2.7 -1.49 -0.05 AUD
GBP/CAD 1.7159 1.7163 3.6 -1.05 -0.39 CAD
GBP/CHF 1.2850 1.2853 2.7 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.4677 8.4730 52.9 -0.98 -5.34 DKK
GBP/HKD 10.145 10.148 26.6 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 141.55 141.580 2.1 -0.28 -0.98 JPY
GBP/MXN 24.692 24.702 92.1 -350.6 170.4 MXN
GBP/NOK 11.029 11.033 34.2 -4.75 -1.96 NOK
GBP/NZD 1.9097 1.9105 8.2 -1.74 0.07 NZD
GBP/PLN 4.86570 4.8684 27.8 -3.99 -1.09 PLN
GBP/SEK 11.623 11.627 34.2 -1.02 -7.74 SEK
GBP/SGD 1.7538 1.7542 3.9 -6.65 -3 SGD
GBP/TRY 6.9290 6.9324 33.5 -127.4 68.95 TRY
GBP/USD 1.2935 1.2937 1.6 -1.17 0.02 USD
GBP/ZAR 17.816 17.822 62.6 -238.85 101.05 ZAR
NOK/SEK 1.05300 1.05450 15.0 -0.15 -0.89 SEK
NZD/CAD 0.8982 0.8986 3.9 -0.19 -0.68 CAD
NZD/CHF 0.6726 0.6729 2.7 0.18 -0.93 CHF
NZD/JPY 74.1000 74.1270 2.7 1 -0.88 JPY
NZD/SGD 0.9180 0.9185 5.3 -0.35 -0.83 SGD
NZD/USD 0.6771 0.6774 2.4 -0.42 -0.31 USD
USD/CAD 1.3264 1.3266 1.8 -0.17 -0.8 CAD
USD/CHF 0.9934 0.9935 1.5 0.4 -1.31 CHF
USD/CNH 6.78710 6.78920 21.0 -17.91 -11.69 CNH
USD/CZK 22.406 22.443 372.0 -0.47 -2.1 CZK
USD/DKK 6.5435 6.5454 19.0 1.92 -6.49 DKK
USD/HKD 7.8438 7.8442 3.3 -3.12 -7.79 HKD
USD/HUF 278.85 279.25 4,000.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.42 109.44 1.5 2.3 -10.2 JPY
USD/MXN 19.034 19.0370 24.1 -213.2 76.8 MXN
USD/NOK 8.5263 8.5283 20.1 -0.35 -5.65 NOK
USD/PLN 3.7590 3.7649 59.0 -1.49 -2.14 PLN
USD/RUB 66.306 66.368 614.0 -26.4 1.24 RUB
USD/SEK 8.9855 8.9876 20.6 2.58 -9.03 SEK
USD/SGD 1.3557 1.3560 2.8 -0.61 -1.02 SGD
USD/TRY 5.3560 5.3589 28.8 -81.4 38.6 TRY
USD/ZAR 13.772 13.777 50.9 -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)