HedgeHood's swap rates are highly competitive in the industry. Ensure you’re taking advantage of potential overnight swap earnings or look to reduce costs across our trading products.
SYMBOL
EUR/USD
BID
ASK
SPREAD
About
A swap rate, otherwise known as a rollover rate or a swap, is a fee that is paid or charged to an open trade at the end of each trading session. It’s the calculated interest fee, which is charged or earned, when traders keep positions open overnight. A swap rate allows positions to be extended into the next trading session without closing or settling.
How swap rates are calculated?
The calculation of a swap involves comparing the interest rates of the two currencies in a currency pair. For example, if you are trading AUD/GBP, the swap rate calculation will be based on the interest rates of Australia and the United Kingdom. Whether a position is long or short, swap rates are charged accordingly.
