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Knowledgebase: Forex Trading
What are swap / rollover and where I can found swap rate for all currency pairs?
Posted by Jocille M on 08 May 2011 10:48 PM
  • 'Swap' is also commonly known as a 'rollover rate'. 
  • Swap is an amount paid or earned as a result of the differential interest rates applicable to currency pairs when a trader holds a position over night. Swap rates are calculated on daily basic at 4:59 PM/ET. 
  • To be subjected to swap, trade position must have been opened before 4:59 PM/ET and held open past this time. 
  • Swap rates are tripled on Wednesday at 4:59 PM/ET. 
  • Swap rate is differing for each currency pairs and depend on either long or short.
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Comments (2)
mohd hafiz
07 February 2014 06:40 AM
what is the formula calculating swap?
Catherine Reddington
19 February 2014 06:30 AM
Dear Sir / Madam,

There is no need of going through manual calculation, you may utilize our forex calculator to solve your calculation within split seconds:
http://ikofx.com/en/index.php/en/forex-tools/forex-calculator#tabs-3


Thank you & wishing you a nice day ahead!


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