Black Friday Special: 100% Bonus, $2/Lot Cashback & iPhone 16 Giveaway!*
What are Swaps in Forex
A swap rate is a rollover fee that a broker credits or debits from their clients’ accounts for holding positions open overnight. It can be either positive or negative, and it is calculated according to whether your position is long or short.
A trader is credited or debited the swap fee once for every day of the week when a position is rolled over (at 00:00 server time ), with the exception of Wednesday (known as triple swap Wednesday), when it is charged 3 times.
How does the Forex swap calculator work?
To calculate the costs of holding your positions overnight, please follow the steps below:
Select your account currency
Choose instrument for which you would like to calculate the swap value (e.g. currency pair)
Enter the trade size (lots)
Enter the no. of nights you are planning to hold your position for
Click the 'Calculate' button and watch the magic happen
What is the formula to calculate Swap rates?
If you'd like to calculate the swap rates for your open positions, the following variables are required: pip value, swap rate and a number of nights you wish to hold your position open for. The following equation is used to calculate swap rates:
Formula: Swap = (Pip Value x Swap Rate x Number of Nights) / 10
For example, let's say you are trading 1 lot of EUR/USD (short) with the account currency being EUR.
1 lot = 100,000
Pip value = $10
Swap rate = 0.44
Swap fee = (10 x 0.44 x 1) / 10 = $0.44
More Free Tools Brought to you by Switch Markets
Explore benefits and free extras such as other financial calculators you can get if you open an account with Switch Markets.
Forex Profit Calculator
Calculate your profits and losses before or after executing a trade with our free Forex Profit Calculator.
Forex Lot Size Calculator
Use our simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.
Forex Economic Calendar
Access our free economic calendar and explore key global events on the horizon that could subtly shift or substantially shake up the financial markets.
Currency Strength Meter
Compare the performance of major currencies relative to others in real-time with our advanced Currency Strength Meter.
Forex Swap Calculator
Calculate the swap rate for holding Forex positions overnight before you execute a trade with our free Forex Swap Rate Calculator.
Forex Compound Calculator
Use our Forex compound calculator and simulate the profits you might earn on your Forex trading account.
Tight spreads that make a difference.
Diverse liquidity providers ensure our spreads are tight around
the clock. Trade with spreads as low as 0.0** pips.
Start trading in minutes
Demo environment