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 0.9495 0.9499 3.8 -0.32 -0.59 CAD
AUD/CHF 0.7057 0.7060 2.5 0.14 -0.91 CHF
AUD/JPY 78.3320 78.3560 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0323 1.0326 2.8 -0.59 -0.44 NZD
AUD/USD 0.7093 0.7095 2.0 -0.51 -0.24 USD
CAD/CHF 0.7431 0.74340 2.9 0.03 -0.78 CHF
CAD/JPY 82.4790 82.5040 2.5 -0.1 -0.71 JPY
CHF/JPY 110.97 110.99 2.5 -0.73 -0.27 JPY
EUR/AUD 1.5941 1.5943 2.5 -1.69 0.33 AUD
EUR/CAD 1.5139 1.5142 3.2 -1.06 -0.22 CAD
EUR/CHF 1.1253 1.1254 1.6 -0.17 -0.9 CHF
EUR/CZK 25.666 25.7450 789.0 -2.17 -0.93 CZK
EUR/DKK 7.4613 7.4635 22.3 -2.75 -2.93 DKK
EUR/GBP 0.8596 0.8598 2.0 -0.61 -0.19 GBP
EUR/HKD 8.8743 8.8756 12.4 -10.04 0.09 HKD
EUR/HUF 315.790 315.95 1,680.0 -1.85 -1.44 HUF
EUR/JPY 124.89 124.90 1.8 -0.46 -0.64 JPY
EUR/MXN 21.468 21.472 38.0 -332.6 169.8 MXN
EUR/NOK 9.6404 9.64350 30.8 -6.61 -0.7 NOK
EUR/NZD 1.6458 1.6461 2.9 -1.96 0.53 NZD
EUR/PLN 4.29240 4.29400 16.0 -4.18 0.11 PLN
EUR/RUB 72.649 72.739 893.0 -260.18 16.82 RUB
EUR/SEK 10.467 10.469 20.6 -3.37 -4.35 SEK
EUR/SGD 1.5273 1.5276 3.5 -1.59 -0.19 SGD
EUR/TRY 6.2974 6.2996 22.1 -114.85 62.6 TRY
EUR/USD 1.1309 1.1310 1.3 -1.29 0.26 USD
EUR/ZAR 16.247 16.252 46.5 -226.5 104.65 ZAR
GBP/AUD 1.8541 1.8543 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7608 1.7612 4.3 -1.05 -0.39 CAD
GBP/CHF 1.3087 1.3090 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6171 8.6206 34.3 -0.98 -5.34 DKK
GBP/HKD 10.320 10.324 32.8 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 145.260 145.28 2.1 -0.28 -0.98 JPY
GBP/MXN 24.970 24.974 41.7 -350.6 170.4 MXN
GBP/NOK 11.212 11.216 35.5 -4.75 -1.96 NOK
GBP/NZD 1.9142 1.9146 4.1 -1.74 0.07 NZD
GBP/PLN 4.9921 4.9949 27.4 -3.99 -1.09 PLN
GBP/SEK 12.174 12.177 30.5 -1.02 -7.74 SEK
GBP/SGD 1.7764 1.77680 3.9 -6.65 -3 SGD
GBP/TRY 7.32400 7.3276 36.9 -127.4 68.95 TRY
GBP/USD 1.3153 1.3155 1.6 -1.17 0.02 USD
GBP/ZAR 18.897 18.903 61.9 -238.85 101.05 ZAR
NOK/SEK 1.08550 1.08600 5.0 -0.15 -0.89 SEK
NZD/CAD 0.9196 0.9200 4.1 -0.19 -0.68 CAD
NZD/CHF 0.6835 0.6838 2.6 0.18 -0.93 CHF
NZD/JPY 75.8680 75.8930 2.5 1 -0.88 JPY
NZD/SGD 0.9278 0.9281 3.4 -0.35 -0.83 SGD
NZD/USD 0.6869 0.6872 2.3 -0.42 -0.31 USD
USD/CAD 1.3386 1.3388 1.8 -0.17 -0.8 CAD
USD/CHF 0.9949 0.9951 1.5 0.4 -1.31 CHF
USD/CNH 6.71840 6.72020 18.0 -17.91 -11.69 CNH
USD/CZK 22.669 22.779 1,098.0 -0.47 -2.1 CZK
USD/DKK 6.5947 6.6009 62.3 1.92 -6.49 DKK
USD/HKD 7.8469 7.8472 3.1 -3.12 -7.79 HKD
USD/HUF 279.210 279.370 1,600.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.42 110.44 1.4 2.3 -10.2 JPY
USD/MXN 18.982 18.985 24.6 -213.2 76.8 MXN
USD/NOK 8.5243 8.5264 21.2 -0.35 -5.65 NOK
USD/PLN 3.79470 3.79730 26.0 -1.49 -2.14 PLN
USD/RUB 64.237 64.300 629.0 -26.4 1.24 RUB
USD/SEK 9.2549 9.25710 21.6 2.58 -9.03 SEK
USD/SGD 1.3504 1.3507 2.5 -0.61 -1.02 SGD
USD/TRY 5.5647 5.5664 17.2 -81.4 38.6 TRY
USD/ZAR 14.365 14.370 46.9 -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)