Swap Rates
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Learn about Forex Swap rate
For ClonTrader users, a forex swap rate, also known as a rollover, represents the overnight interest that gets either added or subtracted when a position remains open overnight. These swap rates are calculated based on the difference in the overnight interest rates of the two currencies within a pair, along with the nature of the position, whether it’s long or short.
What You Should Know About Swap Rates:
- Swaps occur only when positions stay open until the next forex trading day.
- Some currency pairs can have negative swap rates for both long and short positions.
- Swap rates are calculated in points and MetaTrader 5 convert them to the base currency of your account.
- Each currency pair has its own swap charge, measured on a 1.0 lot (100,000 base units) standard size.
- On Wednesday night, FX, Metals, Bonds and CFDs on Commodities swaps are charged triple the usual rate.
- On Friday night, Energies, Indices and Cryptocurrencies swaps are charged triple the usual rate.
- To view the latest swap rates in MetaTrader 5: Right click on any instrument in the ‘Market Watch’ section, then left click on the ‘Specification’ option from the dropdown menu. A new window will open showing the long and short swap rate for the selected pair.
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