Forex Swap Rates

Forex Swap
Rates
Swap Rates

Get Competitive
Forex Swap Rates

Click here

for the latest overnight swap
charges in Forex.

Not all traders close all their positions prior to the end of a trading session. At FP Markets we understand that Ireland traders use a variety of trading strategies which is why we offer very competitive swap rates. This allows traders to keep positions open for extended periods without having to worry about the overnight interest/rollover fee having an adverse impact on their trading account.

Those looking to calculate the rollover rate can use our Forex Calculator which is available on all our trading platforms. Simply choose your account currency, select the financial instrument being traded and enter the trade size. The swaps calculator will then use the relevant exchange rate and display the cost of holding both a long and short position.

The FP Markets Forex Calculator can be used to calculate the following:

  • Pip value

  • Margin and profit

  • Swap rate

  • Currency exchange rate

  • Whether you are looking to capitalise on short-term volatility or build a diversified portfolio of complex instruments, use the Forex Calculator for quick and precise calculations.

What You Should Know about Forex Swap Rates

  • Swap rates are applied at 00:00 trading platform time

  • Ireland time zones may vary to those of the MetaTrader 4, MetaTrader 5 and Iress Trader platforms

  • Swaps are applied on open positions only

  • Swap rates are calculated in points and can be positive or negative depending on the interest rate difference of the two currencies

  • Some forex pairs could have negative swap rates on both long and short positions

  • MetaTrader 4 and MetaTrader 5 automatically convert swaps into your trading account currency

  • Each forex pair has its own rollover fee, which is measured in the standard size of one lot or 100,000 units

What Are
Forex Swap Rates?

The swap charges in forex or rollover interest rate, is the net interest return that a trader accumulates on a currency position held overnight. This fee is charged when the trader borrows one currency to buy another, as part of forex trading.

For instance, if you are buying EUR/USD, you might borrow in US Dollars and buy Euros with the amount. In doing so, you will need to pay interest on the borrowed US Dollars and earn interest on the Euros you bought.

The net interest fee is calculated based on the difference in interest rates of the two traded currencies. If the forex swap rate calculation is positive, the trader gains, while if it is negative, it is a cost for the trader.

Normally in the forex market, deposit and credit rates on the same currency differ. The credit rate is usually higher than the deposit rate. That is why forex swap rates for long and short positions on the same currency pair are different. The cost of holding a position overnight depends on several factors, such as:

  • The current interest rate differential between two currencies

  • Currency pair price fluctuations

  • Behaviour of the forward market

  • Swap points of the counterparty

  • Position of the liquidity provider in the market hierarchy

  • Difference between forex swaps for long and short positions

How Does a
Forex Swap Work?

There is a forex market industry standard for swaps that applies to all traders. That includes traders in Ireland, professional traders and retail investor accounts. When traders buy or sell a currency, they commit themselves to making the final payments on the 'value date'. The settlement is carried out within two working days of the transaction in the spot market. When the position remains open and is rolled over to the next day, it means that the value date shifts to a day ahead.

The corresponding volumes of currencies in the trade are borrowed and lent from the interbank market, at the current credit interest and deposit rates. The gains from lending and the cost of borrowing are then transferred to the trader by their broker. Either the position gets re-opened automatically, at a new value date, adjusted to swap rate and a new price, or the swap is credited to or debited from the trader’s account. While this takes place, the position is left with the previous price.

Importance of Swap
Charges in Forex

Swap calculations are done at the end of the day, for positions that remain open after 5:00pm Eastern Time. Traders in Ireland should make note of this as it is not local time or GMT. This is important for those who want to hold on to long term positions for a considerable period of time. Traders who use strategies focused not only on intraday price fluctuations but also on trend trading, must factor in swap rates.

In addition, forex swap charges are vital for traders using carry trade strategies. These strategies are entirely based on the interest rate differential between two currencies. The currency with a lower yield becomes the funding currency (borrowed currency) and the borrowed amount is used to buy a higher yield currency.

For instance, the Swiss franc (CHF) has a negative spread with almost every currency, which suggests that a trader who goes long on the ‘swissy’ can expect negative swap rates. On the other hand, if someone has a short position, they can expect a positive swap when positions are held overnight. The most traded currency in Ireland (EUR) can result in positive swap rates against the GBP, JPY and CHF, with negative swaps expected when traded against the USD, CAD and AUD.

Forex swaps are also important for hedging purposes. If a trader opens a position expecting a certain type of market movement that hasn’t begun yet, they may consider opening another position in the opposite direction without closing the first one. This is often called 'lock mode hedging'. The low spread between the rates, which is ensured by interbank swap, can help minimise the cost of maintaining such positions.

How to Find FP Markets’
Swap Rates in MT4 and MT5?

To check the latest rates
on MT4 and MT5 accounts:

Go to “Market Watch” section


Right-click to select “Symbols”


Choose the forex pair you want to trade


Click on the “Properties” for the pair, (on MT5, please select 'Specification')


All the information on the pair, such as forex swap rate, stop level, initial margin and more, will be displayed

Swaps Points

Changed at 5pm EST 20/10/2021

Swap charges are subject to change, Clients are requested to check the platform for the latest swap rates.

Symbol Long Short
ADIDAS-0.01-0.02
AMAZON-0.23-0.21
APPLE-0.01-0.01
AUDCAD-2.45-2.03
AUDCHF-0.04-3.08
AUDJPY-1.22-2.29
AUDNZD-2.81-2.49
AUDSGD-4.08-2.69
AUDUSD-1.58-1.43
AUS200-0.53-0.52
BCHUSD-10.00-10.00
BTCUSD-10.00-10.00
CADCHF0.12-3.48
CADJPY-1.12-2.67
CHFJPY-4.12-0.34
CHFSGD-8.94-0.21
ETHUSD-20.00-20.00
EURAUD-5.90-0.07
EURCAD-5.920.18
EURCHF-1.46-2.49
EURCZK-174.4926.11
EURDKK-44.75-28.43
EURGBP-2.970.08
EURHUF-48.454.71
EURJPY-3.64-0.76
EURMXN-541.27153.28
EURNOK-65.73-31.50
EURNZD-6.71-0.18
EURO50-0.25-0.39
EURPLN-28.38-13.43
EURSEK-36.77-11.96
EURSGD-8.66-0.71
EURTRY-645.47-198.58
EURUSD-4.070.39
EURZAR-372.48192.65
FACEBOOK-0.02-0.02
FRA40-0.39-0.60
GBPAUD-3.33-3.26
GBPCAD-3.61-2.74
GBPCHF0.66-5.02
GBPDKK-32.98-44.75
GBPJPY-1.44-3.40
GBPMXN-569.77145.83
GBPNZD-4.17-3.49
GBPPLN-21.16-22.88
GBPSEK-20.59-33.90
GBPSGD-6.63-3.93
GBPTRY-720.9331.87
GBPUSD-2.19-1.85
GER30-0.86-1.35
GOOGLE-0.16-0.15
INDIA50-1.36-1.27
JP225-20.10-21.27
LTCUSD-20.00-20.00
NZDCAD-2.46-2.33
NZDCHF-0.10-3.24
NZDJPY-1.26-2.53
NZDSGD-4.05-2.99
NZDUSD-1.60-1.67
SHELL-0.00-0.00
SING30-0.05-0.05
UK100-0.54-0.51
US100-1.14-1.07
US30-2.57-2.41
US500-0.33-0.31
USDCAD-2.57-2.25
USDCHF0.54-3.85
USDCNH-9.520.39
USDCZK-105.93-17.32
USDDKK-28.55-38.75
USDHKD-20.66-22.30
USDHUF-36.77-2.87
USDINR-27.92-6.08
USDJPY-1.00-2.70
USDKRW-81.59-101.59
USDMXN-431.09172.81
USDNOK-42.88-46.74
USDPLN-18.23-20.47
USDRUB-1709.75360.15
USDSEK-14.60-26.51
USDSGD-4.78-3.14
USDTHB-124.73-120.73
USDTRY-541.85-38.76
USDZAR-295.15130.36
VODAPHONE-0.00-0.00
VOLKSWAGON-0.02-0.03
WTI0.000.00
XAGAUD1.63-3.57
XAGUSD-1.18-0.93
XAUAUD-5.25-4.39
XAUEUR-3.07-1.14
XAUUSD-3.50-2.51
XBRUSD-2.10-30.77
XNGUSD-11.905.79
XPDUSD-5.50-3.34
XPTUSD-2.15-3.17
XTIUSD-2.20-30.43
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