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How are swaps calculated?

The calculation is made as follows: Interest rate (%) x Contract value (contract value is equal to daily close price multiplied by contract size) / 360 = Overnight finance fee.

Example:

Trading 1 lot of EUR/USD (short) with an account denominated in EUR
1 lot = 100,000, Pip value = $10, Swap rate = 0.54, Number of nights = 1
Swap fee: (10 0.54 1) / 10 = $0.54

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