Swap is a debit or credit paid or earned as a reflection of the differences of the interest rates in the respective currency pair countries.
If you hold a currency pair through the end of the trading day and into the next trading day (4:59 PM EST/EDT) you pay or receive the Swap.
For example, if you are long GBP/USD and US interest rates are lower than GBP interest rates you will earn a credit. If you are short the pair, you would be debited.
When you do a spot deal, the actual value date is two days forward. A deal done on Thursday is for value Monday. A deal done on Friday is value on Tuesday, and so on.On Wednesday the amount is tripled because it includes the previous weekend.
The following are some examples only (rates are subject to change daily) of what you could pay or receive per lot in a regular account.
*Remember Wednesdays will be triple the amount of one normal day.
| Symbol | Buy | Sell |
| EUR/USD | $ -8.65 | $ 7.20 |
| USD/JPY | $ 13.00 | $ -14.60 |
| GBP/USD | $ -3.50 | $ 2.15 |
| USD/CHF | $ 9.90 | $ -11.50 |
| USD/CAD | $ 2.65 | $ -3.20 |
| AUD/USD | $ 0.90 | $ -1.50 |
| NZD/USD | $ 3.25 | $ -3.75 |
| EUR/GBP | $ -7.00 | $ 4.90 |
| EUR/JPY | $ 9.10 | $ -10.50 |
| EUR/CHF | $ 5.50 | $ -6.30 |
| GBP/CHF | $ 15.85 | $ -19.65 |
| GBP/JPY | $ 21.55 | $ -25.40 |
| AUD/JPY | $ 10.85 | $ -12.75 |
| CAD/JPY | $ 8.75 | $ -10.20 |
| CHF/JPY | $ 2.00 | $ -2.65 |
| EUR/CAD | $ -4.65 | $ 3.60 |
| EUR/AUD | $ -10.75 | $ 9.15 |
| AUD/CAD | $ 2.90 | $ -3.95 |
| AUD/NZD | $ -3.65 | $ 3.00 |
| NZD/JPY | $ 10.95 | $ -13.15 |
| GBP/AUD | $ -6.45 | $ 4.85 |
| EUR/NZD | $ -16.80 | $ 13.75 |
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