Swap Rates

Swap interest is the profit obtained from the interest rate difference between two countries

Swap points in Forex trading refer to one of the profits that can be earned, specifically the adjustment amount due to the interest rate difference between two countries with different interest rates. A rollover refers to the act of extending the settlement date without settling the position you hold, and this rollover is performed at the close of the New York market. Swap points occur daily from the next business day after the unsettled position is held and rolled over.

Swap points change in response to the market interest rates reflecting various financial circumstances such as each country’s political and economic trends. Therefore, the amount of swap point payments can vary depending on the interest rate trends at the time. Not only may the receipt amount decrease, but the payments and receipts may also reverse, resulting in the possibility of paying interest. Therefore, it’s necessary to check as needed.

  • Adoption of rollovers and provision of swap points

    At our company, we do not close and then reopen all positions that are unsettled as of GMT 22:00, but instead roll over those positions. For those rolled-over positions, swap points are credited to the customer’s trading account in accordance with the current interest rate.

    Since the foreign exchange market is closed on Saturdays and Sundays, there are no rollovers over the weekend. However, because banks calculate the interest on positions held over the weekend, we make three days’ worth of entries on Wednesday. The entries for Saturday and Sunday are aggregated and posted on Wednesday, while entries for Monday, Tuesday, Thursday, and Friday are posted once each day.

  • High-level swap rates

    Swap points arise from the interest rate difference between two countries, and the difference in each country’s policy interest rate influences the swap. Therefore, it can be said that the amount that can be received increases if you buy a high-interest rate currency. Our company handles currencies that are representative of these high-interest rates, such as the Australian Dollar and the New Zealand Dollar.

    However, swap points can fluctuate daily due to the interest rate levels in each country, and the direction of payment and receipt can also reverse, so it is necessary to operate moderately while constantly checking the swap.

  • Immediate reflection of current interest rates

    At our company, we immediately reflect the current interest rate as swap points. If a position is held on the day, swap points are given at the opening of the next day. Also, swap points for Saturday and Sunday are generally given for three days after the New York close on Wednesday.

    However, please note that the number of days of credit may vary due to holidays in each country.

FOREX

Instruments Short(pips) Long(pips)

EUR/USD

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GBP/USD

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EUR/JPY

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USD/JPY

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AUD/USD

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USD/CHF

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GBP/JPY

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USD/CAD

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EUR/GBP

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EUR/CHF

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AUD/JPY

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NZD/USD

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CHF/JPY

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EUR/AUD

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CAD/JPY

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GBP/AUD

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EUR/CAD

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AUD/CAD

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GBP/CAD

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AUD/NZD

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NZD/JPY

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GBP/NZD

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EUR/NZD

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NZD/CAD

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GBP/CHF

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Metal

Instruments Short(pips) Long(pips)

XAU/USD

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XAG/USD

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Energy

Instruments Short(pips) Long(pips)

WTI

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BRENT

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Stock Index

Instruments Short(pips) Long(pips)

N225

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DJ30

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SP500

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US100

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UK100

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* Please note that our company uses a variable swap system and the above spread represents real-time values. Treat it as a reference only.

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