What is Swap Calculator
The Swap Calculator helps traders estimate the overnight financing costs (swap rates) for holding positions. Swap rates are interest rate differentials between the two currencies in a pair, and they can either cost you money or earn you money depending on your position direction.
Understanding Forex Swap Rates
Swap rates represent the cost of borrowing one currency to buy another. In forex trading, every trade involves simultaneously buying one currency and selling another. The swap is the net interest difference between these two currencies. Understanding swap calculations helps traders manage overnight holding costs and identify potential carry trade opportunities.
Key Swap Rate Considerations
- Interest Rate Differentials - Central bank rates determine swap directions
- Broker Policies - Each broker sets their own swap rates and application methods
- Position Direction - Long and short positions have different swap calculations
- Time Factors - Weekend positions often incur triple swap charges
- Market Conditions - Swap rates fluctuate with changing interest rate expectations
Important Notice
Swap rates vary by broker and market conditions. These calculations are estimates. Always verify rates with your broker before trading.
Calculator Inputs
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Note: Swap rates are calculated per lot per night.
Tip: Consider swap rates when holding trades overnight.
Frequently Asked Questions
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