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 0.9140 0.9144 3.8 -0.32 -0.59 CAD
AUD/CHF 0.6837 0.6840 2.8 0.14 -0.91 CHF
AUD/JPY 74.4150 74.4430 2.8 -0.07 -0.73 JPY
AUD/NZD 1.0501 1.0504 2.7 -0.59 -0.44 NZD
AUD/USD 0.68860 0.6888 2.1 -0.51 -0.24 USD
CAD/CHF 0.7478 0.7481 2.9 0.03 -0.78 CHF
CAD/JPY 81.3980 81.4250 2.7 -0.1 -0.71 JPY
CHF/JPY 108.81 108.84 3.1 -0.73 -0.27 JPY
EUR/AUD 1.6313 1.6316 3.5 -1.69 0.33 AUD
EUR/CAD 1.4914 1.4917 3.1 -1.06 -0.22 CAD
EUR/CHF 1.1156 1.1158 2.1 -0.17 -0.9 CHF
EUR/CZK 25.550 25.707 1,563.0 -2.17 -0.93 CZK
EUR/DKK 7.46590 7.46760 17.0 -2.75 -2.93 DKK
EUR/GBP 0.8879 0.8882 2.6 -0.61 -0.19 GBP
EUR/HKD 8.77930 8.7895 102.8 -10.04 0.09 HKD
EUR/HUF 322.45 324.52 20,720.0 -1.85 -1.44 HUF
EUR/JPY 121.420 121.43 1.9 -0.46 -0.64 JPY
EUR/MXN 21.376 21.384 80.0 -332.6 169.8 MXN
EUR/NOK 9.7652 9.77010 48.9 -6.61 -0.7 NOK
EUR/NZD 1.7134 1.7137 3.0 -1.96 0.53 NZD
EUR/PLN 4.2583 4.2629 46.0 -4.18 0.11 PLN
EUR/RUB 72.085 72.108 222.0 -260.18 16.82 RUB
EUR/SEK 10.650 10.655 46.6 -3.37 -4.35 SEK
EUR/SGD 1.5307 1.5311 4.0 -1.59 -0.19 SGD
EUR/TRY 6.51490 6.5279 130.7 -114.85 62.6 TRY
EUR/USD 1.1235 1.1236 1.4 -1.29 0.26 USD
EUR/ZAR 16.093 16.102 87.7 -226.5 104.65 ZAR
GBP/AUD 1.8368 1.8372 4.0 -1.49 -0.05 AUD
GBP/CAD 1.6793 1.67970 3.9 -1.05 -0.39 CAD
GBP/CHF 1.2561 1.2564 2.7 -0.12 -1.08 CHF
GBP/CZK 28.617 28.617 0.0 -1.33 -1.77 CZK
GBP/DKK 8.4054 8.4097 43.1 -0.98 -5.34 DKK
GBP/HKD 9.8580 9.86130 32.6 -8.96 -2.68 HKD
GBP/HUF 360.100 360.100 0.0 -1.23 -2.57 HUF
GBP/JPY 136.71 136.73 2.5 -0.28 -0.98 JPY
GBP/MXN 24.068 24.078 93.6 -350.6 170.4 MXN
GBP/NOK 10.993 11.003 93.5 -4.75 -1.96 NOK
GBP/NZD 1.9292 1.92970 4.6 -1.74 0.07 NZD
GBP/PLN 4.7933 4.8016 83.1 -3.99 -1.09 PLN
GBP/SEK 11.980 12.007 268.2 -1.02 -7.74 SEK
GBP/SGD 1.7235 1.7240 4.7 -6.65 -3 SGD
GBP/TRY 7.3354 7.35090 154.3 -127.4 68.95 TRY
GBP/USD 1.2650 1.2652 1.7 -1.17 0.02 USD
GBP/ZAR 18.121 18.131 106.2 -238.85 101.05 ZAR
NOK/SEK 1.08950 1.09150 20.0 -0.15 -0.89 SEK
NZD/CAD 0.8702 0.8706 4.0 -0.19 -0.68 CAD
NZD/CHF 0.6509 0.6512 2.7 0.18 -0.93 CHF
NZD/JPY 70.8510 70.8760 2.5 1 -0.88 JPY
NZD/SGD 0.8932 0.8935 3.6 -0.35 -0.83 SGD
NZD/USD 0.65560 0.6558 2.3 -0.42 -0.31 USD
USD/CAD 1.3274 1.3276 1.7 -0.17 -0.8 CAD
USD/CHF 0.9929 0.99310 1.9 0.4 -1.31 CHF
USD/CNH 6.88850 6.89280 43.0 -17.91 -11.69 CNH
USD/CZK 22.764 22.862 981.0 -0.47 -2.1 CZK
USD/DKK 6.6439 6.64650 25.6 1.92 -6.49 DKK
USD/HKD 7.8236 7.8249 13.1 -3.12 -7.79 HKD
USD/HUF 287.40 288.62 12,220.0 0.17 -2.91 HUF
USD/ILS 3.79300 3.79300 0.0 0.07 -0.18 ILS
USD/JPY 108.06 108.07 1.8 2.3 -10.2 JPY
USD/MXN 19.024 19.031 61.6 -213.2 76.8 MXN
USD/NOK 8.6915 8.6946 31.6 -0.35 -5.65 NOK
USD/PLN 3.7873 3.7977 104.5 -1.49 -2.14 PLN
USD/RUB 65.089 65.089 0.0 -26.4 1.24 RUB
USD/SEK 9.4785 9.4818 32.5 2.58 -9.03 SEK
USD/SGD 1.3623 1.3626 2.8 -0.61 -1.02 SGD
USD/TRY 5.7891 5.8000 108.7 -81.4 38.6 TRY
USD/ZAR 14.322 14.332 100.3 -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)