Swap Rates

Forex Swap rate: what is it?

A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight. Swap rates are determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is long or short.

What You Should Know About Swap Rates

  • Swaps are applied only when positions are kept open until the next forex trading day.
  • Some currency pairs may have negative swap rates on both sides, both ‘long’ and ‘short’.
  • Each currency pair has its own swap charge and is measured on a standard size of 1.0 lots (100,000 base units).
  • On Wednesday night swaps are charged at triple rate the usual rate.

Overnight Swap Rates

You will able to view the latest swap rates.