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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 only applied when a trade is kept open overnight through to the beginning of the next trading day

Certain symbols can have negative swap rates for both buy (long) and sell (short) positions

Swap rates are either calculated in points or in percentage terms, and our trading platforms automatically convert them into the account base currency

Swap rates can differ between symbols and the rates shown are per standard lot.

Most of our symbols have triple swap charges on Fridays, while forex pairs and metals have triple swaps on Wednesdays.

Overnight Swap Rates

You can see the latest swap rates in the MT4/5 or cTrader platforms by following the steps below

MT4/5 : Right click on any instrument in the 'Market Watch' and then left click on 'Specification', then a pop-up will appear showing symbol information including swap rates
cTrader : Click on any symbol in the watchlist/all symbols area, on the left side of the screen, then look to the right side of the screen under 'Symbol info'

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