Swap rate, also referred to as Rollover rate, is the overnight interest (that is charged or paid) for holding positions open overnight in foreign exchange trading. It is determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’.
myFXPLAN is not involved in the physical delivery of trades, thus all positions left open at the end of the trading day will be rolled over to a new value date and will therefore have exposure to a swap charge or credit.
myFXPLAN Latest Swap Rates
To view our most up-to-date swap rates, please refer to the Market Watch panel in our MetaTrader 4 trading terminal.
Simply right-click on any instrument in the ‘Market Watch’ section, then left-click on the ‘Symbols’ option from the dropdown menu. Select the currency pair you desire from the popup window then left-click on the ‘Properties’ button – a new window will open that shows the long and short swap rate for the pair selected.