Calculate the interest you will earn or pay for holding positions overnight. Perfect for swing traders and long-term investors using carry trade strategies.
Forex swap, or rollover interest, is the net interest return on a currency position held overnight. When you trade currencies, you are borrowing one to buy another.
If the interest rate of the currency you bought is higher than the one you sold, you earn interest (Positive Swap). If it is lower, you pay interest (Negative Swap).
Because the Forex market is closed on Saturdays and Sundays, brokers usually charge or pay three days worth of swap on Wednesday nights to account for the weekend rollover. Always check your broker's specific schedule!
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Explore related calculators to sharpen your edge
Calculate net profit/loss for any currency pair trade in your account currency
Calculate the dollar value of a pip for any lot size and currency pair
Calculate the optimal lot size based on your risk percentage and stop loss
Calculate required margin and leverage impact for forex positions