Forex Swap Calculator.
Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.
Disclaimer: Please note that there are risks involved when trading financial instruments and all information presented here is for educational purposes only. It is not intended to provide financial advice.
What are Swaps in Forex.
A swap rate is a rollover fee that a broker credits or debits from their clients’ accounts for holding positions open overnight. It can be either positive or negative, and it is calculated according to whether your position is long or short.
A trader is credited or debited the swap fee once for every day of the week when a position is rolled over (at 00:00 server time ), with the exception of Wednesday (known as triple swap Wednesday), when it is charged 3 times.
How does the Forex swap calculator work?
To calculate the costs of holding your positions overnight, please follow the steps below:
Select your account currency.
Choose instrument for which you would like to calculate the swap value (e.g. currency pair)
Enter the trade size (lots)
Enter the no. of nights you are planning to hold your position for.
Click the 'Calculate' button and watch the magic happen.
What is the formula to calculate Swap rates?
If you'd like to calculate the swap rates for your open positions, the following variables are required: pip value, swap rate and a number of nights you wish to hold your position open for. The following equation is used to calculate swap rates:
Formula: Swap = (Pip Value x Swap Rate x Number of Nights) / 10.
For example, let's say you are trading 1 lot of EUR/USD (short) with the account currency being EUR.
Swap fee = (10 x 0.44 x 1) / 10 = $0.44.
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