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 0.9026 0.9030 3.9 -0.32 -0.59 CAD
AUD/CHF 0.6633 0.6636 2.6 0.14 -0.91 CHF
AUD/JPY 72.0130 72.0380 2.5 -0.07 -0.73 JPY
AUD/NZD 1.0574 1.0577 3.0 -0.59 -0.44 NZD
AUD/USD 0.6772 0.67740 1.9 -0.51 -0.24 USD
CAD/CHF 0.7347 0.7350 2.9 0.03 -0.78 CHF
CAD/JPY 79.7660 79.7920 2.6 -0.1 -0.71 JPY
CHF/JPY 108.54 108.56 2.7 -0.73 -0.27 JPY
EUR/AUD 1.6356 1.6359 3.0 -1.69 0.33 AUD
EUR/CAD 1.4766 1.4769 3.4 -1.06 -0.22 CAD
EUR/CHF 1.0852 1.0854 1.7 -0.17 -0.9 CHF
EUR/CZK 25.775 25.818 432.0 -2.17 -0.93 CZK
EUR/DKK 7.4555 7.4568 13.6 -2.75 -2.93 DKK
EUR/GBP 0.9161 0.9163 2.4 -0.61 -0.19 GBP
EUR/HKD 8.6886 8.6900 14.5 -10.04 0.09 HKD
EUR/HUF 326.89 327.55 6,580.0 -1.85 -1.44 HUF
EUR/JPY 117.80 117.82 1.8 -0.46 -0.64 JPY
EUR/MXN 22.005 22.011 58.0 -332.6 169.8 MXN
EUR/NOK 9.96240 9.96540 30.0 -6.61 -0.7 NOK
EUR/NZD 1.7297 1.7300 3.0 -1.96 0.53 NZD
EUR/PLN 4.36230 4.36430 20.0 -4.18 0.11 PLN
EUR/RUB 74.183 74.225 425.0 -260.18 16.82 RUB
EUR/SEK 10.757 10.760 31.8 -3.37 -4.35 SEK
EUR/SGD 1.5353 1.5357 4.1 -1.59 -0.19 SGD
EUR/TRY 6.3387 6.3521 134.5 -114.85 62.6 TRY
EUR/USD 1.1078 1.1079 1.4 -1.29 0.26 USD
EUR/ZAR 17.026 17.042 161.7 -226.5 104.65 ZAR
GBP/AUD 1.7851 1.7854 3.1 -1.49 -0.05 AUD
GBP/CAD 1.6115 1.6119 3.9 -1.05 -0.39 CAD
GBP/CHF 1.1843 1.1846 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.13590 8.1396 37.7 -0.98 -5.34 DKK
GBP/HKD 9.4823 9.4845 21.3 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 128.57 128.59 2.3 -0.28 -0.98 JPY
GBP/MXN 24.016 24.023 68.2 -350.6 170.4 MXN
GBP/NOK 10.873 10.876 30.7 -4.75 -1.96 NOK
GBP/NZD 1.8878 1.8882 4.1 -1.74 0.07 NZD
GBP/PLN 4.7606 4.76370 30.9 -3.99 -1.09 PLN
GBP/SEK 11.741 11.744 31.8 -1.02 -7.74 SEK
GBP/SGD 1.6756 1.6761 4.4 -6.65 -3 SGD
GBP/TRY 6.9180 6.9334 153.9 -127.4 68.95 TRY
GBP/USD 1.2090 1.2092 1.7 -1.17 0.02 USD
GBP/ZAR 18.581 18.600 191.3 -238.85 101.05 ZAR
NOK/SEK 1.07650 1.08250 60.0 -0.15 -0.89 SEK
NZD/CAD 0.8533 0.85400 6.3 -0.19 -0.68 CAD
NZD/CHF 0.6272 0.6275 2.6 0.18 -0.93 CHF
NZD/JPY 68.0930 68.1190 2.6 1 -0.88 JPY
NZD/SGD 0.8874 0.8878 3.7 -0.35 -0.83 SGD
NZD/USD 0.6403 0.6405 2.3 -0.42 -0.31 USD
USD/CAD 1.3328 1.3330 1.7 -0.17 -0.8 CAD
USD/CHF 0.9795 0.97970 1.5 0.4 -1.31 CHF
USD/CNH 7.07370 7.07560 19.0 -17.91 -11.69 CNH
USD/CZK 23.264 23.3060 419.0 -0.47 -2.1 CZK
USD/DKK 6.7289 6.73080 18.4 1.92 -6.49 DKK
USD/HKD 7.8425 7.8433 7.7 -3.12 -7.79 HKD
USD/HUF 295.12 295.58 4,590.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 106.33 106.34 1.4 2.3 -10.2 JPY
USD/MXN 19.862 19.867 43.0 -213.2 76.8 MXN
USD/NOK 8.99020 8.99650 63.0 -0.35 -5.65 NOK
USD/PLN 3.9337 3.9422 85.4 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.70730 9.71450 72.0 2.58 -9.03 SEK
USD/SGD 1.3858 1.3861 2.8 -0.61 -1.02 SGD
USD/TRY 5.7232 5.7267 35.3 -81.4 38.6 TRY
USD/ZAR 15.371 15.379 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)