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 0.9062 0.9062 0.0 -0.32 -0.59 CAD
AUD/CHF 0.6762 0.6762 0.0 0.14 -0.91 CHF
AUD/JPY 74.2380 74.2380 0.0 -0.07 -0.73 JPY
AUD/NZD 1.0406 1.0406 0.0 -0.59 -0.44 NZD
AUD/USD 0.6835 0.6835 0.0 -0.51 -0.24 USD
CAD/CHF 0.7463 0.7463 0.0 0.03 -0.78 CHF
CAD/JPY 81.8100 81.8100 0.0 -0.1 -0.71 JPY
CHF/JPY 109.57 109.57 0.0 -0.73 -0.27 JPY
EUR/AUD 1.6151 1.6151 0.0 -1.69 0.33 AUD
EUR/CAD 1.4649 1.4649 0.0 -1.06 -0.22 CAD
EUR/CHF 1.0950 1.0950 0.0 -0.17 -0.9 CHF
EUR/CZK 25.451 25.451 0.0 -2.17 -0.93 CZK
EUR/DKK 7.4707 7.4707 0.0 -2.75 -2.93 DKK
EUR/GBP 0.8414 0.8414 0.0 -0.61 -0.19 GBP
EUR/HKD 8.6551 8.6551 0.0 -10.04 0.09 HKD
EUR/HUF 330.29 330.29 0.0 -1.85 -1.44 HUF
EUR/JPY 120.07 120.07 0.0 -0.46 -0.64 JPY
EUR/MXN 21.330 21.330 0.0 -332.6 169.8 MXN
EUR/NOK 10.086 10.086 0.0 -6.61 -0.7 NOK
EUR/NZD 1.6841 1.6841 0.0 -1.96 0.53 NZD
EUR/PLN 4.2695 4.2695 0.0 -4.18 0.11 PLN
EUR/RUB 70.748 70.748 0.0 -260.18 16.82 RUB
EUR/SEK 10.500 10.500 0.0 -3.37 -4.35 SEK
EUR/SGD 1.5037 1.5037 0.0 -1.59 -0.19 SGD
EUR/TRY 6.3577 6.3577 0.0 -114.85 62.6 TRY
EUR/USD 1.10550 1.10550 0.0 -1.29 0.26 USD
EUR/ZAR 16.157 16.157 0.0 -226.5 104.65 ZAR
GBP/AUD 1.91990 1.91990 0.0 -1.49 -0.05 AUD
GBP/CAD 1.7402 1.7402 0.0 -1.05 -0.39 CAD
GBP/CHF 1.2992 1.2992 0.0 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.8742 8.8742 0.0 -0.98 -5.34 DKK
GBP/HKD 10.258 10.258 0.0 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 142.630 142.630 0.0 -0.28 -0.98 JPY
GBP/MXN 25.317 25.317 0.0 -350.6 170.4 MXN
GBP/NOK 11.987 11.987 0.0 -4.75 -1.96 NOK
GBP/NZD 2.0005 2.0005 0.0 -1.74 0.07 NZD
GBP/PLN 5.0705 5.0705 0.0 -3.99 -1.09 PLN
GBP/SEK 12.467 12.467 0.0 -1.02 -7.74 SEK
GBP/SGD 1.7856 1.7856 0.0 -6.65 -3 SGD
GBP/TRY 7.5383 7.5383 0.0 -127.4 68.95 TRY
GBP/USD 1.3134 1.3134 0.0 -1.17 0.02 USD
GBP/ZAR 19.184 19.184 0.0 -238.85 101.05 ZAR
NOK/SEK 1.03850 1.03850 0.0 -0.15 -0.89 SEK
NZD/CAD 0.8678 0.8678 0.0 -0.19 -0.68 CAD
NZD/CHF 0.6478 0.6478 0.0 0.18 -0.93 CHF
NZD/JPY 71.1810 71.1810 0.0 1 -0.88 JPY
NZD/SGD 0.8925 0.8925 0.0 -0.35 -0.83 SGD
NZD/USD 0.6560 0.6560 0.0 -0.42 -0.31 USD
USD/CAD 1.3247 1.3247 0.0 -0.17 -0.8 CAD
USD/CHF 0.9900 0.9900 0.0 0.4 -1.31 CHF
USD/CNH 7.01580 7.01580 0.0 -17.91 -11.69 CNH
USD/CZK 23.030 23.030 0.0 -0.47 -2.1 CZK
USD/DKK 6.7524 6.7524 0.0 1.92 -6.49 DKK
USD/HKD 7.82970 7.82970 0.0 -3.12 -7.79 HKD
USD/HUF 298.87 298.87 0.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.51 108.51 0.0 2.3 -10.2 JPY
USD/MXN 19.274 19.274 0.0 -213.2 76.8 MXN
USD/NOK 9.12150 9.12150 0.0 -0.35 -5.65 NOK
USD/PLN 3.8598 3.8598 0.0 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.48850 9.48850 0.0 2.58 -9.03 SEK
USD/SGD 1.3594 1.3594 0.0 -0.61 -1.02 SGD
USD/TRY 5.76230 5.76230 0.0 -81.4 38.6 TRY
USD/ZAR 14.605 14.605 0.0 -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)