What is a swap rate?
Swap rates, also known as overnight or rollover rates, are debits or credits, either earned or paid for holding a position overnight. Swissquote settles overnight positions at 23:00 CET using the applicable formula and swap rates table below.
Calculation Example:AUDJPY Short/Long Swap Rate: -0.00784983 / 0.00455597
Position: Sell 100,000 AUDJPY
AUDJPY Exchange Rate: 96.553
|Client Position||Negative Swap Rate||Positive Swap Rate|
|Long||You Receive||You Pay|
|Short||You Pay||You Receive|
MetaTrader Swap Formula:
(Base Amount * Short Swap Rate) / AUDJPY exchange rate)
(100,000 * - 0.00784983) / 96.553 = You pay 8.13 AUD
Advanced Trader Swap Formula:
(Base Amount * Short Swap Rate)
(100,000 * - 0.00784983)= You pay 784.98 JPY
Swissquote applies a triple swap on Wednesday 23:00 CETto account for weekend rollovers. There are some exceptions to this rule:
- Triple swap rollovers will be applied Thursday 23:00 CET for USDCAD, USDTRY and USDRUB.
- Triple swap rollovers will be applied Friday 23:00 CET for ALLUSD, CUCUSD, CULUSD, NILUSD, PBLUSD, ZNLUSD, LCOUSD, NGCUSD, OILUSD, DAXEUR, ESXEUR and SMICHF.