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 0.95080 0.9511 3.6 -0.32 -0.59 CAD
AUD/CHF 0.7119 0.7121 2.6 0.14 -0.91 CHF
AUD/JPY 78.2320 78.2560 2.4 -0.07 -0.73 JPY
AUD/NZD 1.0510 1.0512 2.7 -0.59 -0.44 NZD
AUD/USD 0.7135 0.71370 1.9 -0.51 -0.24 USD
CAD/CHF 0.7486 0.74890 2.6 0.03 -0.78 CHF
CAD/JPY 82.2650 82.2890 2.4 -0.1 -0.71 JPY
CHF/JPY 109.87 109.89 2.5 -0.73 -0.27 JPY
EUR/AUD 1.5923 1.5926 2.6 -1.69 0.33 AUD
EUR/CAD 1.51430 1.5146 3.1 -1.06 -0.22 CAD
EUR/CHF 1.1339 1.1340 1.7 -0.17 -0.9 CHF
EUR/CZK 25.625 25.662 370.0 -2.17 -0.93 CZK
EUR/DKK 7.4662 7.4670 8.0 -2.75 -2.93 DKK
EUR/GBP 0.8769 0.8771 1.7 -0.61 -0.19 GBP
EUR/HKD 8.9155 8.9171 16.4 -10.04 0.09 HKD
EUR/HUF 318.06 318.43 3,710.0 -1.85 -1.44 HUF
EUR/JPY 124.59 124.61 1.9 -0.46 -0.64 JPY
EUR/MXN 21.728 21.743 158.6 -332.6 169.8 MXN
EUR/NOK 9.7556 9.75880 31.9 -6.61 -0.7 NOK
EUR/NZD 1.6738 1.6741 3.0 -1.96 0.53 NZD
EUR/PLN 4.28600 4.2875 15.6 -4.18 0.11 PLN
EUR/RUB 75.4360 75.674 2,387.0 -260.18 16.82 RUB
EUR/SEK 10.242 10.244 20.9 -3.37 -4.35 SEK
EUR/SGD 1.5447 1.54510 3.8 -1.59 -0.19 SGD
EUR/TRY 6.0548 6.0599 51.3 -114.85 62.6 TRY
EUR/USD 1.1363 1.13650 1.4 -1.29 0.26 USD
EUR/ZAR 15.816 15.822 65.6 -226.5 104.65 ZAR
GBP/AUD 1.8155 1.8158 2.8 -1.49 -0.05 AUD
GBP/CAD 1.7265 1.7269 4.1 -1.05 -0.39 CAD
GBP/CHF 1.2927 1.2930 3.1 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.5117 8.5145 28.1 -0.98 -5.34 DKK
GBP/HKD 10.166 10.169 27.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 142.05 142.08 2.3 -0.28 -0.98 JPY
GBP/MXN 24.779 24.7850 59.4 -350.6 170.4 MXN
GBP/NOK 11.123 11.127 34.2 -4.75 -1.96 NOK
GBP/NZD 1.90840 1.9088 4.3 -1.74 0.07 NZD
GBP/PLN 4.8866 4.8894 28.0 -3.99 -1.09 PLN
GBP/SEK 11.678 11.681 34.8 -1.02 -7.74 SEK
GBP/SGD 1.7612 1.7616 4.0 -6.65 -3 SGD
GBP/TRY 6.90320 6.9098 66.4 -127.4 68.95 TRY
GBP/USD 1.2956 1.29580 1.7 -1.17 0.02 USD
GBP/ZAR 18.032 18.041 81.7 -238.85 101.05 ZAR
NOK/SEK 1.04900 1.05000 10.0 -0.15 -0.89 SEK
NZD/CAD 0.9044 0.90490 4.1 -0.19 -0.68 CAD
NZD/CHF 0.6772 0.6775 2.7 0.18 -0.93 CHF
NZD/JPY 74.4230 74.4490 2.6 1 -0.88 JPY
NZD/SGD 0.9226 0.9230 4.0 -0.35 -0.83 SGD
NZD/USD 0.6787 0.6789 2.3 -0.42 -0.31 USD
USD/CAD 1.3325 1.3327 1.8 -0.17 -0.8 CAD
USD/CHF 0.9977 0.9979 1.7 0.4 -1.31 CHF
USD/CNH 6.79330 6.79510 18.0 -17.91 -11.69 CNH
USD/CZK 22.545 22.580 353.0 -0.47 -2.1 CZK
USD/DKK 6.5697 6.5710 12.4 1.92 -6.49 DKK
USD/HKD 7.84570 7.8460 3.6 -3.12 -7.79 HKD
USD/HUF 279.83 280.19 3,570.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.63 109.65 1.4 2.3 -10.2 JPY
USD/MXN 19.124 19.127 27.0 -213.2 76.8 MXN
USD/NOK 8.5847 8.58680 20.7 -0.35 -5.65 NOK
USD/PLN 3.7702 3.7738 36.2 -1.49 -2.14 PLN
USD/RUB 66.480 66.572 914.0 -26.4 1.24 RUB
USD/SEK 9.0128 9.0148 20.0 2.58 -9.03 SEK
USD/SGD 1.35930 1.3595 2.8 -0.61 -1.02 SGD
USD/TRY 5.32450 5.32920 47.0 -81.4 38.6 TRY
USD/ZAR 13.917 13.923 58.3 -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)