A swap rate or rollover charge is defined as the interest applied (earned/added or deducted/paid) for holding a position open overnight. Each currency has an interest rate associated. Interest earned from rollover is known as ‘positive roll’. Interest paid on rollover is known as ‘negative roll’. Yardoption constantly reviews our swap rates and those of our competitors to ensure we are best in market.
Swaps are applied to your trading account only when positions kept are kept open until the next trading day.
Swaps are applied when the rollover occurs at the end of day, which is 00:00 server time.
Some instruments may have negative swap rates on both sides, both ‘long’ and ‘short’.
Swaps are calculated and applied every trading night. To compensate for the market being closed on the weekend, swaps are charged at triple the rate on Wednesdays in forex and metals and triple the rate on Mondays in energy (oil and gas) and CFDs.
|SWAP FOR ASSETS (% per day)|
|EUR/USD||Long: -0.0038 Short: -0.0018|
|GBP/USD||Long: -0.0042 Short: -0.0015|
|USD/CHF||Long: -0.0028 Short: -0.0027|
|USD/CAD||Long: -0.0032 Short: -0.0023|
|USD/JPY||Long: -0.0009 Short: -0.0052|
|AUD/USD||Long: -0.0006 Short: -0.0049|
|NZD/USD||Long: -0.0008 Short: -0.0056|
|EUR/AUD||Long: -0.0143 Short: -0.0079||EUR/CAD||Long: -0.0124 Short: -0.0098||EUR/CHF||Long: -0.0122 Short: -0.0101||EUR/GBP||Long: -0.0108 Short: -0.0114||EUR/JPY||Long: -0.0102 Short: -0.012||GBP/CHF||Long: -0.0124 Short: -0.0098||GBP/JPY||Long: -0.0105 Short: -0.0117||AUD/JPY||Long: -0.007 Short: -0.0152||CAD/CHF||Long: -0.0109 Short: -0.0114||CAD/JPY||Long: -0.0089 Short: -0.0133||EUR/AUD||Long: -0.0143 Short: -0.0079||CHF/JPY||Long: -0.0092 Short: -0.0131||USD/DKK||Long: -53.66 Short: -90.84||USD/HKD||Long: -0.86 Short: -0.53||USD/MXN||Long: -0.0229 Short: -0.0007||USD/NOK||Long: -0.012 Short: -0.0102||USD/RUB||Long: -0.036 Short: -0.1||USD/SEK||Long: -0.0112 Short: -0.011||USD/SGD||Long: -10.89 Short: -19.99||EUR/NOK||Long: -0.0124 Short: -0.0098||EUR/SEK||Long: -0.0116 Short: -0.0106||XAG/USD||Long: -0.0042 Short: -0.0014||XAU/USD||Long: -0.0042 Short: -0.0014|
For convenience, a regularly updated swap table is published above. Swap rates are quoted in points.