What is a Forex Swap Rate?

What is a spot swap rate or rollover rate?

When trading spot Foreign Exchange (Forex trading) and precious metals, all trades will settle two business days from date of entry, as per market convention. Vantage FX 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.

Please note: For trades held open from Wednesday to Thursday as per server time, the new value date becomes Monday, rather than the weekend. This means the rollover charge on a Wednesday evening will be three times the usual value indicated on the table.

Also please note there is no overnight swap on Crude oil as they are directly derived from the Futures contract.

 

How are swap rates determined?

Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen currency pair. The daily released rates are calculated by our financial institutional partners using risk-management analysis. Each currency pair has its own swap charge. Interest is paid on currency sold and received on currency bought.

Swap Rates | Vantage FX

 

Swap Rates | Vantage FX

How do I get the most up-to-date swap rates?

For the most up-to-date swap rates, please refer to the Market Watch panel in our MetaTrader 4 platform. Simply follow the steps outlined below:

1. Locate your product in the 'Market Watch' window. Right click, and select 'Symbols'.
2. Select the product you wish to view from the list. Select 'Properties'.
3. Here you can view the swap rates for both long and short positions.

For more information, please feel free to contact us

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