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 0.9469 0.9473 3.9 -0.32 -0.59 CAD
AUD/CHF 0.7061 0.7064 2.7 0.14 -0.91 CHF
AUD/JPY 78.8440 78.8710 2.7 -0.07 -0.73 JPY
AUD/NZD 1.0310 1.0313 2.8 -0.59 -0.44 NZD
AUD/USD 0.7124 0.7126 1.9 -0.51 -0.24 USD
CAD/CHF 0.7455 0.74580 2.9 0.03 -0.78 CHF
CAD/JPY 83.2410 83.2690 2.8 -0.1 -0.71 JPY
CHF/JPY 111.63 111.66 3.0 -0.73 -0.27 JPY
EUR/AUD 1.6031 1.6034 2.9 -1.69 0.33 AUD
EUR/CAD 1.5184 1.5187 3.0 -1.06 -0.22 CAD
EUR/CHF 1.1322 1.1324 2.1 -0.17 -0.9 CHF
EUR/CZK 25.6330 25.6540 210.0 -2.17 -0.93 CZK
EUR/DKK 7.4618 7.4633 15.0 -2.75 -2.93 DKK
EUR/GBP 0.86540 0.8656 2.2 -0.61 -0.19 GBP
EUR/HKD 8.9663 8.9683 20.3 -10.04 0.09 HKD
EUR/HUF 313.24 313.99 7,550.0 -1.85 -1.44 HUF
EUR/JPY 126.42 126.44 1.9 -0.46 -0.64 JPY
EUR/MXN 21.508 21.5160 76.0 -332.6 169.8 MXN
EUR/NOK 9.70100 9.70510 41.0 -6.61 -0.7 NOK
EUR/NZD 1.6532 1.65350 2.9 -1.96 0.53 NZD
EUR/PLN 4.2768 4.2805 37.0 -4.18 0.11 PLN
EUR/RUB 72.810 72.938 1,279.0 -260.18 16.82 RUB
EUR/SEK 10.427 10.430 31.9 -3.37 -4.35 SEK
EUR/SGD 1.5375 1.5379 3.7 -1.59 -0.19 SGD
EUR/TRY 6.21160 6.2167 51.9 -114.85 62.6 TRY
EUR/USD 1.1423 1.1425 1.4 -1.29 0.26 USD
EUR/ZAR 16.264 16.280 161.4 -226.5 104.65 ZAR
GBP/AUD 1.8522 1.8525 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7543 1.75480 4.9 -1.05 -0.39 CAD
GBP/CHF 1.3081 1.3084 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.6198 8.6244 46.3 -0.98 -5.34 DKK
GBP/HKD 10.358 10.361 30.5 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 146.06 146.08 2.1 -0.28 -0.98 JPY
GBP/MXN 24.850 24.858 84.6 -350.6 170.4 MXN
GBP/NOK 11.201 11.217 160.3 -4.75 -1.96 NOK
GBP/NZD 1.9100 1.9104 4.0 -1.74 0.07 NZD
GBP/PLN 4.9408 4.9463 55.3 -3.99 -1.09 PLN
GBP/SEK 12.042 12.057 150.1 -1.02 -7.74 SEK
GBP/SGD 1.7764 1.7768 3.9 -6.65 -3 SGD
GBP/TRY 7.1763 7.1833 70.0 -127.4 68.95 TRY
GBP/USD 1.3198 1.3200 1.7 -1.17 0.02 USD
GBP/ZAR 18.791 18.811 195.4 -238.85 101.05 ZAR
NOK/SEK 1.07400 1.07550 15.0 -0.15 -0.89 SEK
NZD/CAD 0.9182 0.9187 4.7 -0.19 -0.68 CAD
NZD/CHF 0.6847 0.6850 2.6 0.18 -0.93 CHF
NZD/JPY 76.4560 76.4830 2.7 1 -0.88 JPY
NZD/SGD 0.92990 0.9302 3.5 -0.35 -0.83 SGD
NZD/USD 0.6908 0.69110 2.4 -0.42 -0.31 USD
USD/CAD 1.32930 1.3294 1.8 -0.17 -0.8 CAD
USD/CHF 0.9911 0.99130 1.8 0.4 -1.31 CHF
USD/CNH 6.68420 6.68690 27.0 -17.91 -11.69 CNH
USD/CZK 22.4000 22.4980 980.0 -0.47 -2.1 CZK
USD/DKK 6.5310 6.53310 20.7 1.92 -6.49 DKK
USD/HKD 7.8489 7.8493 3.6 -3.12 -7.79 HKD
USD/HUF 274.18 274.84 6,680.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 110.66 110.67 1.4 2.3 -10.2 JPY
USD/MXN 18.827 18.832 54.1 -213.2 76.8 MXN
USD/NOK 8.4919 8.4946 26.7 -0.35 -5.65 NOK
USD/PLN 3.74310 3.74780 47.0 -1.49 -2.14 PLN
USD/RUB 64.284 64.405 1,214.0 -26.4 1.24 RUB
USD/SEK 9.1273 9.1302 29.2 2.58 -9.03 SEK
USD/SGD 1.34590 1.3461 2.6 -0.61 -1.02 SGD
USD/TRY 5.4273 5.4322 49.5 -81.4 38.6 TRY
USD/ZAR 14.236 14.251 156.9 -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)