SWAP

SWAP RATES

What is Forex Exchange Swaps or Forex Swaps?

Forex Swaps is defined as an overnight or rollover interest that is earned or paid for holding positions overnight in foreign exchange trading.

A Forex Swaps charge or rate is determined based on the interest rates of the countries involved in each currency pair, also in any one currency pair, the interest is paid on the currency sold and received on the currency bought.

Proton Markets settles overnight positions at 23:00 CET using market accepted, interbank swap rates.

Note: Please note that the indicated swaps are in pip value and apply for 3 nights on Wednesday.
AUDCAD 0,1 0,1
AUDCHF 10 10
AUDJPY 0,1 0,1
AUDNZD 1 1
AUDUSD 0,8 0,8
Long (by points) -700 -580
Short (by points) -720 -600
Margin 50 50
Formula for swap calculation:

Swap = PIP value * Number of lots * Swap rate * Number of Nights

Example:

If we buy 1 lot GBP/USD (0.74700) and held this position for 3 nights with a GBP base currency. Take for example GBP/USD. In a buy position held for 3 nights with a GBP base currency. Multiply the PIP value by the number of lots, swap rate, and number of nights the position is held. This will give you the swap charge for the base currency. You can also find the swap rate for the quoted currency by multiplying the number you got by the current currency rate.
PIP value * Number of lots * Swap rate * Number of Nights