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Swap Rates Calculation

Posted on: 15 May 2013 , by: Pepperstone Support , category: About Trading

Swap rates determine the cost / payment for holding a position overnight. This occurs at 00:00 Server time, on any trades held to this point.

Should you need basic information regarding swaps, please see this page here.

In order to calculate the payments / interest, you first need to take the swap long / short rate of the currency pair in question. In this example we will be opening a buy trade for 1 lot on AUDUSD.

Swap Rates

The swap long means for every rollover, you will receive 6.4 point (0.64 pips) per 1 lot. Therefore, the account will receive $6.4 USD per rollover (0.64*10).