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.

Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair. Rates are released weekly by the financial institutions we work with and are calculated based on risk-management analysis.

Important Elements of Swap Rates

  • Swap rates are applied only when there are positions kept open overnight.
  • Swap rates are applied at the end of the trading day or at 00:00 platform time.
  • Swap rates are calculated in points and can be positive or negative depending on the interest rate of the two currencies.
  • Swap rates are calculated and applied on every trading night, however on Wednesday night swap rates are charged at triple the usual rate to account for the weekend.
  • Each currency pair has its own swap charge and is measured on a standard size of 1 standard lot (100,000 base units).

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.

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