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 0.9503 0.9507 4.1 -0.32 -0.59 CAD
AUD/CHF 0.7114 0.7117 2.9 0.14 -0.91 CHF
AUD/JPY 78.1850 78.2140 2.9 -0.07 -0.73 JPY
AUD/NZD 1.0513 1.0516 2.9 -0.59 -0.44 NZD
AUD/USD 0.7131 0.7133 2.2 -0.51 -0.24 USD
CAD/CHF 0.7485 0.7488 3.0 0.03 -0.78 CHF
CAD/JPY 82.2540 82.2830 2.9 -0.1 -0.71 JPY
CHF/JPY 109.87 109.90 2.9 -0.73 -0.27 JPY
EUR/AUD 1.59340 1.59370 3.0 -1.69 0.33 AUD
EUR/CAD 1.5145 1.5149 3.4 -1.06 -0.22 CAD
EUR/CHF 1.1339 1.1341 2.3 -0.17 -0.9 CHF
EUR/CZK 25.623 25.660 370.4 -2.17 -0.93 CZK
EUR/DKK 7.4662 7.4670 8.4 -2.75 -2.93 DKK
EUR/GBP 0.8765 0.8768 2.4 -0.61 -0.19 GBP
EUR/HKD 8.9169 8.9185 16.5 -10.04 0.09 HKD
EUR/HUF 318.03 318.40 3,710.4 -1.85 -1.44 HUF
EUR/JPY 124.60 124.62 2.3 -0.46 -0.64 JPY
EUR/MXN 21.745 21.766 206.7 -332.6 169.8 MXN
EUR/NOK 9.7562 9.75930 30.2 -6.61 -0.7 NOK
EUR/NZD 1.6755 1.6758 3.4 -1.96 0.53 NZD
EUR/PLN 4.2863 4.2882 18.4 -4.18 0.11 PLN
EUR/RUB 75.435 75.674 2,387.4 -260.18 16.82 RUB
EUR/SEK 10.244 10.246 23.2 -3.37 -4.35 SEK
EUR/SGD 1.5448 1.5452 4.2 -1.59 -0.19 SGD
EUR/TRY 6.0660 6.0713 52.8 -114.85 62.6 TRY
EUR/USD 1.1365 1.1366 1.8 -1.29 0.26 USD
EUR/ZAR 15.824 15.831 70.4 -226.5 104.65 ZAR
GBP/AUD 1.81750 1.81780 3.0 -1.49 -0.05 AUD
GBP/CAD 1.7275 1.7279 4.3 -1.05 -0.39 CAD
GBP/CHF 1.2933 1.2936 3.4 -0.12 -1.08 CHF
GBP/CZK 28.617 28.663 467.4 -1.33 -1.77 CZK
GBP/DKK 8.5150 8.5182 31.4 -0.98 -5.34 DKK
GBP/HKD 10.170 10.174 32.4 -8.96 -2.68 HKD
GBP/HUF 360.09 360.29 1,900.4 -1.23 -2.57 HUF
GBP/JPY 142.12 142.15 2.6 -0.28 -0.98 JPY
GBP/MXN 24.809 24.819 97.8 -350.6 170.4 MXN
GBP/NOK 11.128 11.132 36.0 -4.75 -1.96 NOK
GBP/NZD 1.9111 1.9115 4.5 -1.74 0.07 NZD
GBP/PLN 4.8888 4.8919 31.3 -3.99 -1.09 PLN
GBP/SEK 11.684 11.687 34.4 -1.02 -7.74 SEK
GBP/SGD 1.7621 1.7625 4.4 -6.65 -3 SGD
GBP/TRY 6.9187 6.9254 66.9 -127.4 68.95 TRY
GBP/USD 1.2963 1.2965 2.0 -1.17 0.02 USD
GBP/ZAR 18.049 18.057 83.9 -238.85 101.05 ZAR
NOK/SEK 1.0489 1.0500 10.4 -0.15 -0.89 SEK
NZD/CAD 0.9037 0.9041 4.4 -0.19 -0.68 CAD
NZD/CHF 0.67660 0.67690 3.0 0.18 -0.93 CHF
NZD/JPY 74.3520 74.3810 2.9 1 -0.88 JPY
NZD/SGD 0.9218 0.9222 4.3 -0.35 -0.83 SGD
NZD/USD 0.6781 0.6784 2.8 -0.42 -0.31 USD
USD/CAD 1.33260 1.3328 2.2 -0.17 -0.8 CAD
USD/CHF 0.9976 0.9978 2.0 0.4 -1.31 CHF
USD/CNH 6.7924 6.7943 18.4 -17.91 -11.69 CNH
USD/CZK 22.545 22.580 353.4 -0.47 -2.1 CZK
USD/DKK 6.56860 6.5698 12.7 1.92 -6.49 DKK
USD/HKD 7.8456 7.8460 4.3 -3.12 -7.79 HKD
USD/HUF 279.83 280.19 3,570.4 0.17 -2.91 HUF
USD/ILS 3.7929 3.8090 160.4 0.07 -0.18 ILS
USD/JPY 109.62 109.64 1.8 2.3 -10.2 JPY
USD/MXN 19.137 19.143 55.8 -213.2 76.8 MXN
USD/NOK 8.5837 8.5860 22.6 -0.35 -5.65 NOK
USD/PLN 3.7702 3.7739 36.6 -1.49 -2.14 PLN
USD/RUB 66.480 66.572 914.4 -26.4 1.24 RUB
USD/SEK 9.0127 9.0152 25.5 2.58 -9.03 SEK
USD/SGD 1.3591 1.35950 3.1 -0.61 -1.02 SGD
USD/TRY 5.3334 5.3384 50.1 -81.4 38.6 TRY
USD/ZAR 13.921 13.928 72.8 -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)