Spread and Swap

FX WEGO provides low spread for providing
the best price competitiveness in the market.

There are two prices in FX trade, Bid and Ask, and the difference between the two prices is called
Spread. It means Spread is commission of an intermediary agency or transaction cost .
Example : If Bid price is 1.33000 and Ask price is 1.33010, Spread is 1.0pip.

Pairs Quotes Swap Point Currency
Bid Ask Spread Long Short
AUD/CAD 0.9453 0.9456 3.2 -0.32 -0.59 CAD
AUD/CHF 0.7243 0.7245 2.2 0.14 -0.91 CHF
AUD/JPY 81.6730 81.6910 1.8 -0.07 -0.73 JPY
AUD/NZD 1.0837 1.0839 2.2 -0.59 -0.44 NZD
AUD/USD 0.7209 0.7210 1.4 -0.51 -0.24 USD
CAD/CHF 0.76610 0.7663 2.3 0.03 -0.78 CHF
CAD/JPY 86.3800 86.4020 2.2 -0.1 -0.71 JPY
CHF/JPY 112.73 112.75 2.3 -0.73 -0.27 JPY
EUR/AUD 1.5820 1.5822 2.7 -1.69 0.33 AUD
EUR/CAD 1.4957 1.4960 1.8 -1.06 -0.22 CAD
EUR/CHF 1.1461 1.1462 824.5 -0.17 -0.9 CHF
EUR/CZK 25.760 25.843 10.9 -2.17 -0.93 CZK
EUR/DKK 7.4585 7.4596 1.5 -2.75 -2.93 DKK
EUR/GBP 0.8737 0.8738 21.9 -0.61 -0.19 GBP
EUR/HKD 8.9363 8.9385 10.9 -10.04 0.09 HKD
EUR/HUF 321.61 322.44 10.9 -1.85 -1.44 HUF
EUR/JPY 129.22 129.24 1.5 -0.46 -0.64 JPY
EUR/MXN 22.649 22.668 21.9 -332.6 169.8 MXN
EUR/NOK 9.5356 9.5403 8,249.5 -6.61 -0.7 NOK
EUR/NZD 1.71470 1.7149 1.3 -1.96 0.53 NZD
EUR/PLN 4.3031 4.3058 195.5 -4.18 0.11 PLN
EUR/RUB 75.324 75.448 46.8 -260.18 16.82 RUB
EUR/SEK 10.333 10.337 2.2 -3.37 -4.35 SEK
EUR/SGD 1.5680 1.5683 26.9 -1.59 -0.19 SGD

Example of Swap calculation

Swap, the Rollover FX interest amount, is the process that moves from one day of investment to another as an open position in the transaction account.
Interest rates vary between countries and you can check it in MT5.
(Mon, Tue, Thu, Fri : 1 day interest / Wed : 3 days interest)
Swap is automatically applied to all open positions of the customer as of 5pm New York time (7am Korean time).

How to calculate : Swap = (1 point/exchange rate) x transaction size (size of Lot) x Swap cost point

EX) If you are long 1 lot of USD/JPY overnight and the position is rolled for 1 day, the swap is?
· USD/JPY
· Swap point = 0.00001
· Base currency USD
· Exchange rate : 1.0850
· Lots : 1 (1 lot = 100,000 of base currency)
· Swap cost point = 1
· Swap = [(0.00001 / 1.0850 ) x {(1x100,000) x 1}] = - 0.92 USD