logo
Trading
Education & Tools
Partners

Swaps

Credits or debits for rolling positions over to the next trading day

Overnight swaps

Forex
Indices
Commodities
Stocks
Futures

Bid

Ask

Spread

Swaps

currency flag
currency flag

EURUSD

1.16921
1.16928
0.00007
Check inside the platform
currency flag
currency flag

GBPUSD

1.34928
1.34946
0.00018
Check inside the platform
currency flag
currency flag

USDJPY

147.417
147.433
0.016
Check inside the platform
currency flag
currency flag

USDCAD

1.36902
1.36914
0.00012
Check inside the platform
currency flag
currency flag

USDCHF

0.79666
0.79678
0.00012
Check inside the platform
currency flag
currency flag

AUDUSD

0.65773
0.65786
0.00013
Check inside the platform
currency flag
currency flag

NZDUSD

0.60065
0.60099
0.00034
Check inside the platform
currency flag
currency flag

USDCZK

21.1034
21.1230
0.0196
Check inside the platform
currency flag
currency flag

AUDCAD

0.90043
0.90063
0.0002
Check inside the platform
currency flag
currency flag

AUDCHF

0.52397
0.52413
0.00016
Check inside the platform
currency flag
currency flag

AUDJPY

96.965
96.988
0.023
Check inside the platform
currency flag
currency flag

AUDNZD

1.09459
1.09506
0.00047
Check inside the platform
currency flag
currency flag

CADCHF

0.58186
0.58204
0.00018
Check inside the platform
currency flag
currency flag

CADJPY

107.673
107.702
0.029
Check inside the platform
currency flag
currency flag

CHFJPY

185.032
185.063
0.031
Check inside the platform
currency flag
currency flag

EURAUD

1.77736
1.77768
0.00032
Check inside the platform
currency flag
currency flag

EURCAD

1.60055
1.60089
0.00034
Check inside the platform
currency flag
currency flag

EURCHF

0.93144
0.93160
0.00016
Check inside the platform
currency flag
currency flag

EURGBP

0.86643
0.86657
0.00014
Check inside the platform
currency flag
currency flag

EURHUF

399.724
400.306
0.582
Check inside the platform
currency flag
currency flag

EURJPY

172.356
172.382
0.026
Check inside the platform
currency flag
currency flag

EURMXN

21.78818
21.79882
0.01064
Check inside the platform
currency flag
currency flag

EURNZD

1.94572
1.94645
0.00073
Check inside the platform
currency flag
currency flag

EURPLN

4.26436
4.27074
0.00638
Check inside the platform
currency flag
currency flag

EURSEK

11.16698
11.18228
0.0153
Check inside the platform
currency flag
currency flag

EURTRY

47.05577
47.08681
0.03104
Check inside the platform
currency flag
currency flag

GBPAUD

2.05095
2.05169
0.00074
Check inside the platform
currency flag
currency flag

GBPCAD

1.84689
1.84757
0.00068
Check inside the platform
currency flag
currency flag

GBPCHF

1.07472
1.07531
0.00059
Check inside the platform
currency flag
currency flag

GBPJPY

198.911
198.945
0.034
Check inside the platform
currency flag
currency flag

GBPNZD

2.24534
2.24647
0.00113
Check inside the platform
currency flag
currency flag

GBPSEK

12.88738
12.90739
0.02001
Check inside the platform
currency flag
currency flag

NOKSEK

0.94172
0.94533
0.00361
Check inside the platform
currency flag
currency flag

NZDCAD

0.82223
0.82279
0.00056
Check inside the platform
currency flag
currency flag

NZDCHF

0.47842
0.47893
0.00051
Check inside the platform
currency flag
currency flag

NZDJPY

88.548
88.605
0.057
Check inside the platform
currency flag
currency flag

SGDJPY

115.091
115.162
0.071
Check inside the platform
currency flag
currency flag

USDCNH

7.17278
7.17513
0.00235
Check inside the platform
currency flag
currency flag

USDHKD

7.84950
7.85022
0.00072
Check inside the platform
currency flag
currency flag

USDHUF

341.848
342.222
0.374
Check inside the platform
currency flag
currency flag

USDMXN

18.63375
18.64425
0.0105
Check inside the platform
currency flag
currency flag

USDNOK

10.12878
10.13632
0.00754
Check inside the platform
currency flag
currency flag

USDPLN

3.64696
3.65514
0.00818
Check inside the platform
currency flag
currency flag

USDSEK

9.55306
9.56382
0.01076
Check inside the platform
currency flag
currency flag

USDSGD

1.27999
1.28085
0.00086
Check inside the platform
currency flag
currency flag

USDTRY

40.16119
40.19619
0.035
Check inside the platform
currency flag
currency flag

USDZAR

17.92804
17.95946
0.03142
Check inside the platform
currency flag
currency flag

GBPCZK

28.4237
28.5578
0.1341
Check inside the platform
currency flag
currency flag

EURCZK

24.6701
24.7048
0.0347
Check inside the platform

AEDUSD

0.2722
0.2723
0.0001
Check inside the platform

*The prices on this page are indicative. Prices for instruments with lower liquidity such as but not limited to exotic currency pairs, stocks and indices are not refreshed as often as commonly traded instruments. Please check inside your MT4/MT5 platform for latest live prices

What are swaps in trading

    The swap is a fee credited or debited to your open trades for carrying it overnight to the next trading day. When you roll a position over to the next trading day, you will either earn or pay a swap fee.

When swaps apply

    Any open trades carried over to the next trading day may incur a swap fee. The close of the trading day is considered to be at the close of business New York time, or 22:00 GMT (London time). Open trades will continue to accrue swaps until they are closed.

How is the swap calculated

    Central banks increase or decrease borrowing costs in accordance with their monetary policy. Each currency has its own interest rate set by the respective central bank. When you buy or sell currencies or assets, the swap is calculated based on the interest rate differential between the assets in the symbol. Swaps are calculated in pips or points based on the interest rate differential between these assets.

    For example, suppose the US Federal Reserve (the Fed) sets an interest rate of 5% annually, while the Bank of Japan (BOJ) decides upon a 0% interest rate. This means that the US Dollar would yield 5% interest each year, while the Japanese Yen would not yield anything. Borrowing US Dollars would incur a 5% interest rate while borrowing the Japanese Yen wouldn't incur any yearly interest. So by simultaneously selling the Japanese Yen to buy US Dollars, it would incur a positive swap differential of 5% per annum. However by simultaneously selling US dollars to buy Japanese Yen, it would incur a negative swap of 5% per annum.

    The annual swap differential is then divided by the number of days in the year and converted to the pip or point equivalent and is applied to open trades daily.

How swaps affect your trades

    Depending on the direction of the trade and the interest rate differential between the two assets in the symbol, you may either earn or pay swaps. If the currency or asset you bought has a higher interest rate than the currency or asset you sold, you will receive the swap (positive swap). If the interest rate is lower, you will pay the swap (negative swap). Swaps affect the unrealized profit or loss of open trades for as long as they remain open and are being carried overnight to the next trading day.

Do swaps vary between markets?

    Central banks set interest rates for their respective countries, and these rates can differ significantly. Swaps, especially in forex trading, depend on the interest rate differential between the two currencies in a currency pair. So varying interest rates across countries contribute to different swaps in different markets.

How to find the swaps for each symbol

    1. Go to the Market Watch window in the MT4 or MT5 trading platforms. MT4 or MT5 trading platforms.

    2. Right-click on the financial instrument (symbol) you want to view the swap rates.

    3. Select Specification from the menu that appears.

    4. The symbol description window will open where you can find the swap rates under Swap long (for buy positions) and Swap Short (for short positions)

How to find the swaps for each symbol

Choose a trading account that is right for you

All trading styles and strategies are welcome

Best Value

Standard

A variable spread trading account with zero commission

Minimum spread

1.1

Commission per lot

$0

Leverage

Unlimited

Minimum deposit
USD $20 EUR €20 GBP £20 AUD $20 CAD $30 ZAR R500 AED 70د.إ

$20

Open Account

Trading is risky

Most Popular

Raw

Trade with raw variable spreads and low commission

Minimum spread

0.0

Commission per lot

$6

Leverage

Up to 1:500

Minimum deposit
USD $250 EUR €250 GBP £250 AUD $375 CAD $375 ZAR R6250 AED 875د.إ

$250

Open Account

Trading is risky

Lowest Fees

VIP Black

Trade with low variable spreads and zero commission

Minimum spread

0.3

Commission per lot

$0

Leverage

Up to 1:500

Minimum deposit
USD $1,000 EUR €1,000 GBP £1,000 AUD $1,500 CAD $1,500 ZAR R25,000 AED 3,500د.إ

$1,000

Open Account

Trading is risky

Amounts are quoted in USD, the USD equivalent applies for accounts in other base currencies. Other fees associated with trading may apply.

Getting started is quick and simple

It only takes a few minutes, this is how it works

Register

STEP 1

Register

Complete your profile and create your account

Fund

STEP 2

Fund

Deposit instantly with our convenient funding methods

Trade

STEP 3

Trade

Download the trading platform and log in to start trading

Convenient funding methods are available

Including free deposits and withdrawals

logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image
logo image

Learn more about our trading conditions

24/7 Live Chat

Trade responsibly: CFDs are complex instruments and come with a high risk of losing all your invested capital due to leverage.

These products are not suitable for all investors and you should ensure that you understand the risks involved.