The definition of swap rates that you will find is a rate or rollover that includes the overnight interest which are added or reduced for keeping a position open for an overnight period and the reward can be earned or paid.

The rates are calculated by counting the difference between the overnight interest rate of two currencies that are taken as a pair giving you the hint if the position is a buy long or a buy short one.

Basic Things to Note Down About Swap Rates

Swaps are applicable only in cases when the booked positions are kept open overnight until the next forex trading day arrives.

Swaps are also considered applicable when the rollover happens at the end of the day that is officially supposed to be 00:00 server time.

It is possible that some currency pairs may carry negative swap rates on either side including both the ‘long’ and the ‘short’ one.

It is a point to note that the calculation of swap rates is carried out in points. The Meta Trader 4 makes the conversion automatically with the base currency that is selected for the account.

Every individual currency carries its own swap charge that is measured on a standard platform or size of 1.0 standard lot or 100000 units per currency.

Calculation of the swaps and their application are carried out every trading night but the interesting point to observe and take advantage of is, on Wednesday the night swaps are charged at a three times more aspect than the usual charging rate.

Overnight Swap Rates

Currency Pair cTrader (pips)

Long

Short MT4 (points)

Long

Short
AUDCAD 0.31 -0.6 3.1 -6
AUDCHF 0.46 -0.74 4.6 -7.4
AUDDKK 2.71 -4.31 27.1 -43.1
AUDJPY 0.57 -0.85 5.7 -8.5
AUDNZD -0.35 0.02 -3.5 0.2
AUDSGD 0.55 -0.97 5.5 -9.7
AUDUSD 0.48 -0.75 4.8 -7.5
CADCHF 0.1 -0.37 1 -3.7
CADJPY 0.13 -0.42 1.3 -4.2
CHFJPY -16 -13 -160 -130
CHFSGD -0.38 -0.14 -3.8 -1.4
EURAUD -1.14 0.85 -11.4 8.5
EURCAD -0.48 0.18 -4.8 1.8
EURCHF -0.04 -0.23 -0.4 -2.3
EURDKK -0.68 -1.32 -6.8 -13.2
EURGBP -0.19 -0.07 -1.9 -0.7
EURHKD 0.03 -0.65 0.3 -6.5
EURHUF -299 17 -2990 170
EURJPY -0.04 -0.24 -0.4 -2.4
EURNOK -3.67 2.34 -36.7 23.4
EURNZD -1.5 1.17 -15 11.7
EURPLN -3.31 1.67 -33.1 16.7
EURSEK -2.51 1.55 -25.1 15.5
EURSGD -0.26 -0.24 -2.6 -2.4
EURTRY -8.3 7.48 -83 74.8
EURUSD -0.11 -0.13 -1.1 -1.3
EURZAR -50 32 -500 320
GBPAUD -1.22 0.89 -12.2 8.9
GBPCAD -0.46 0.09 -4.6 0.9
GBPCHF 0.07 -0.38 0.7 -3.8
GBPDKK 0.94 -1.52 9.4 -15.2
GBPJPY 0.11 -0.38 1.1 -3.8
GBPNOK -3.46 2.43 -34.6 24.3
GBPNZD -1.66 1.31 -16.6 13.1
GBPSEK -2.05 1.3 -20.5 13
GBPSGD -0.12 -0.41 -1.2 -4.1
GBPUSD -0.03 -0.29 -0.3 -2.9
NOKJPY -0.06 -0.21 -0.6 -2.1
NOKSEK -0.07 -0.37 -0.7 -3.7
NZDCAD 0.43 -0.74 4.3 -7.4
NZDCHF 0.54 -0.85 5.4 -8.5
NZDJPY 0.64 -0.94 6.4 -9.4
NZDUSD 0.57 -0.87 5.7 -8.7
SEKJPY -0.08 -0.18 -0.8 -1.8
SGDJPY -0.8 -2.8 -8 -28
USDCAD -0.39 0.09 -3.9 0.9
USDCHF -0.07 -0.2 -0.7 -2
USDCNH -5.9 2.8 -59 28
USDCZK -2.4 -4.2 -24 -42
USDDKK -0.61 -1.01 -6.1 -10.1
USDHKD 0.21 -0.79 2.1 -7.9
USDHUF -237 0 -2370 0
USDJPY -0.07 -0.2 -0.7 -2
USDMXN -13.63 6.27 -136.3 62.7
USDNOK -2.76 1.64 -27.6 16.4
USDPLN -2.52 1.1 -25.2 11
USDRUB -90 70 -900 700
USDSEK -1.91 1.09 -19.1 10.9
USDSGD -0.19 -0.18 -1.9 -1.8
USDTRY -7.66 3.82 -76.6 38.2
USDZAR -38 25 -380 250
XAGEUR -0.019 -0.009 -0.19 -0.09
XAGUSD -0.019 -0.009 -0.19 -0.09
XAUEUR -1.3 -0.6 -13 -6
XAUUSD -1.3 -0.6 -13 -6

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