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 0.9505 0.9509 3.6 -0.32 -0.59 CAD
AUD/CHF 0.7116 0.7119 2.5 0.14 -0.91 CHF
AUD/JPY 78.2480 78.2730 2.5 -0.07 -0.73 JPY
AUD/NZD 1.0519 1.0522 2.9 -0.59 -0.44 NZD
AUD/USD 0.7134 0.7135 1.8 -0.51 -0.24 USD
CAD/CHF 0.7485 0.7488 2.5 0.03 -0.78 CHF
CAD/JPY 82.3010 82.3270 2.6 -0.1 -0.71 JPY
CHF/JPY 109.93 109.95 2.6 -0.73 -0.27 JPY
EUR/AUD 1.5933 1.5936 2.6 -1.69 0.33 AUD
EUR/CAD 1.5148 1.5151 3.0 -1.06 -0.22 CAD
EUR/CHF 1.1341 1.1343 1.8 -0.17 -0.9 CHF
EUR/CZK 25.605 25.669 640.0 -2.17 -0.93 CZK
EUR/DKK 7.4662 7.4670 8.0 -2.75 -2.93 DKK
EUR/GBP 0.8766 0.8768 2.0 -0.61 -0.19 GBP
EUR/HKD 8.91910 8.9210 19.9 -10.04 0.09 HKD
EUR/HUF 317.84 318.48 6,410.0 -1.85 -1.44 HUF
EUR/JPY 124.69 124.71 1.8 -0.46 -0.64 JPY
EUR/MXN 21.759 21.778 182.5 -332.6 169.8 MXN
EUR/NOK 9.75680 9.7598 30.6 -6.61 -0.7 NOK
EUR/NZD 1.6762 1.6765 3.0 -1.96 0.53 NZD
EUR/PLN 4.2843 4.28590 15.6 -4.18 0.11 PLN
EUR/RUB 75.4360 75.674 2,387.0 -260.18 16.82 RUB
EUR/SEK 10.243 10.2460 20.1 -3.37 -4.35 SEK
EUR/SGD 1.5451 1.54550 3.9 -1.59 -0.19 SGD
EUR/TRY 6.0691 6.0743 52.5 -114.85 62.6 TRY
EUR/USD 1.1368 1.1370 1.3 -1.29 0.26 USD
EUR/ZAR 15.819 15.826 73.0 -226.5 104.65 ZAR
GBP/AUD 1.8173 1.8175 2.6 -1.49 -0.05 AUD
GBP/CAD 1.7277 1.7281 4.0 -1.05 -0.39 CAD
GBP/CHF 1.2935 1.2938 2.9 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.0 -1.33 -1.77 CZK
GBP/DKK 8.5145 8.51790 33.8 -0.98 -5.34 DKK
GBP/HKD 10.166 10.169 32.8 -8.96 -2.68 HKD
GBP/HUF 360.100 360.290 1,900.0 -1.23 -2.57 HUF
GBP/JPY 142.22 142.24 2.1 -0.28 -0.98 JPY
GBP/MXN 24.826 24.833 73.8 -350.6 170.4 MXN
GBP/NOK 11.128 11.131 34.6 -4.75 -1.96 NOK
GBP/NZD 1.9118 1.9122 3.9 -1.74 0.07 NZD
GBP/PLN 4.8858 4.8886 27.9 -3.99 -1.09 PLN
GBP/SEK 11.682 11.686 34.7 -1.02 -7.74 SEK
GBP/SGD 1.7623 1.7627 4.0 -6.65 -3 SGD
GBP/TRY 6.9218 6.9284 66.5 -127.4 68.95 TRY
GBP/USD 1.2966 1.2968 1.4 -1.17 0.02 USD
GBP/ZAR 18.042 18.051 86.9 -238.85 101.05 ZAR
NOK/SEK 1.04900 1.05000 10.0 -0.15 -0.89 SEK
NZD/CAD 0.90350 0.90390 4.0 -0.19 -0.68 CAD
NZD/CHF 0.6764 0.6767 2.6 0.18 -0.93 CHF
NZD/JPY 74.3750 74.4000 2.5 1 -0.88 JPY
NZD/SGD 0.9215 0.9219 3.9 -0.35 -0.83 SGD
NZD/USD 0.6780 0.6783 2.4 -0.42 -0.31 USD
USD/CAD 1.33250 1.3326 1.6 -0.17 -0.8 CAD
USD/CHF 0.9975 0.9977 1.7 0.4 -1.31 CHF
USD/CNH 6.79140 6.79320 18.0 -17.91 -11.69 CNH
USD/CZK 22.524 22.5850 606.0 -0.47 -2.1 CZK
USD/DKK 6.5668 6.5680 12.0 1.92 -6.49 DKK
USD/HKD 7.8454 7.8459 4.8 -3.12 -7.79 HKD
USD/HUF 279.54 280.15 6,100.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.80900 160.0 0.07 -0.18 ILS
USD/JPY 109.67 109.69 1.4 2.3 -10.2 JPY
USD/MXN 19.145 19.149 36.9 -213.2 76.8 MXN
USD/NOK 8.5817 8.5841 23.5 -0.35 -5.65 NOK
USD/PLN 3.7663 3.7725 62.0 -1.49 -2.14 PLN
USD/RUB 66.480 66.572 914.0 -26.4 1.24 RUB
USD/SEK 9.0101 9.0122 21.6 2.58 -9.03 SEK
USD/SGD 1.3590 1.3593 2.8 -0.61 -1.02 SGD
USD/TRY 5.3351 5.3400 48.2 -81.4 38.6 TRY
USD/ZAR 13.913 13.920 75.1 -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)