Swap Rates

Understanding Forex Swap Rates

A forex swap rate, often referred to as a rollover, is the overnight interest that is either added or deducted when you hold a position open beyond a trading day. These rates are influenced by the interest rate differential between the two currencies in the pair and whether you are in a long or short position.

Accessing Overnight Swap Rates

Access the latest swap rates directly in your MetaTrader 5 trading terminal.
Right-click on any instrument in the ‘Market Watch’ section, select ‘Specification’ from the dropdown menu, and a new window will display the long and short swap rates for the chosen pair

Key Points About Swap Rates

Swap rates apply only when positions are held until the next trading day.
Some currency pairs may incur negative swap rates for both long and short positions.
Swap rates are expressed in points, MetaTrader 5 automatically convert them into your account’s base currency.
Each currency pair has a distinct swap charge, calculated based on a standard lot size of 1.0 (100,000 base units).
On Wednesday nights, swap rates for FX, Metals, Bonds, and CFDs on Commodities are charged at triple the usual rate, while Friday nights for Energies, Indices, and Cryptocurrencies are similarly charged at triple.