Swaps Account means an exchange of

similar items


Swap Rates

What is Forex Exchange Swaps or Forex Swaps?

Swap simply means an exchange of similar items. In the Forex market, a Foreign Exchange Swaps or Forex Swaps imply the exchange of currencies.

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 applied for 3 night on Wednesday

Symbol Short Long
AUDCAD -6.49 2.52
AUDCHF -7.92 4.32
AUDJPY -8.91 4.68
AUDNZD -1.87 -1.98
AUDUSD -8.23 4.26
CADCHF -4.18 1.17
CADJPY -4.51 1.08
CADSGD -5.72 0.72
CHFHUF 1.04 -2.27
CHFJPY -1.65 -2.42
CHFNOK 1.56 -4.66
CHFSGD -2.20 -3.96
EURAUD 7.11 -13.97
EURCAD 1.17 -6.71
EURCHF -3.09 -1.05
EURCZK -0.07 -0.03
EURGBP -0.76 -2.05
EURHUF 1.05 -2.51
EURJPY -3.14 -1.74
EURNOK 1.32 -5.02
EURNZD 7.56 -15.07
EURPLN 1.74 -3.63
EURSEK 0.15 -3.27
EURSGD -4.18 -3.41
EURTRY 80.37 -112.53
EURUSD -2.46 -2.17
EURZAR 16.10 -25.75
GBPAUD 7.47 -15.51
GBPCAD 0.27 -6.60
GBPCHF -4.95 -0.11
GBPHUF 1.04 -2.74
GBPJPY -5.10 -0.74
GBPNZD 8.01 -16.72
GBPSEK -0.61 -3.10
GBPSGD -6.60 -2.42
GBPTRY 95.40 -133.87
GBPUSD -4.26 -1.30
NOKSEK -0.45 -0.01
NZDCAD -6.16 2.34
NZDCHF -7.59 4.05
NZDJPY -8.47 4.41
NZDSGD -10.56 4.86
NZDUSD -7.81 4.05
SGDJPY -1.98 -1.54
TRYJPY -17.49 12.51
USDCAD 0.94 -4.92
USDCHF -2.13 -0.83
USDCZK -0.05 -0.02
USDHKD -1.60 -1.05
USDHUF 0.79 -1.85
USDJPY -2.15 -1.34
USDMXN 6.82 -16.03
USDNOK 1.04 -3.71
USDPLN 1.31 -2.67
USDRUB 63.52 -91.77
USDSEK 0.18 -2.43
USDSGD -0.29 -0.26
USDTRY 58.86 -82.28
USDZAR 11.86 -18.85
XAGAUD 11.37 -24.21
XAGCAD 2.16 -12.89
XAGCHF -4.35 -3.72
XAGEUR -2.31 -4.39
XAGGBP -0.88 -4.58
XAGUSD -1.31 -31.01
XAUAUD -2.45 -13.65
XAUCAD 1.25 -6.56
XAUCHF -2.84 -1.10
XAUEUR -1.54 -1.75
XAUGBP -0.63 -2.05
XAUUSD -2.24 -2.23

 

Formula and Example for Swap Calculation

Formula for swap calculation is:
PIP value * Number of lots * Swap rate * Number of Nights
Example:
We will betrading EUR/GBP (0.74700). A buy position held for 3 nights with a USD base currency.
PIP value of the pairs TERM currency to determine the swap charge and then converts it to the base currency of the account after the swap calculation iscomplete:
PIP value * Number of lots * Swap rate * Number of Nights
1 * 1 * -2.05. * 3 = -6.15 GBP
now you need to determine how much is -6.15 GBP in US dollars:
-6.15 GBP * 1.52350 (GBP/USD rate) = – 9.37 USD



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