FOREX SWAP RATES

Forex Swap Rates Explained

WHAT IS A FOREX SWAP RATE?

When trading spot Forex Contracts for Difference (CFDs), any trade held overnight past market rollover time is subject to a swap or rollover fee. Forex swaps can either be credited or debited, depending on the interest rate differential between the two currencies in the pair.

Swap rates are calculated based on interbank interest rates and market liquidity conditions. On Wednesdays, swap charges are typically applied at triple rate to account for weekend rollover.

How are Forex Swap Rates Determined?

Forex swap rates are influenced by central bank interest rates, market liquidity, and the positions held overnight. Traders pay interest on the currency they sell and earn interest on the currency they buy.

If the interest rate of the bought currency is higher than the sold currency, traders may receive a positive swap.

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Spreads from (pips)
Swap Rates Determination
Trading Platforms

How do I get the most up-to-date Forex swap rates?

  1. Open the Market Watch window in MT4 or MT5
  2. Right-click the instrument and select “Specification”
  3. View long and short swap rates displayed per symbol

Swap rates may change daily depending on market conditions and interest rate decisions.

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Maximum leverage available