FxPro Forex Calculators and FX Rates

Overnight positions represent all open long and short positions that a forex trader possesses as of pm EST, which is consider the end of the forex trading day. The new trading day is considered to occur right after pm EST.

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In Forex, when you keep a position open through the end of the trading day, you will either be paid or charged interest on that position, depending on the underlying interest rates of the two currencies in the pair. In the examples below, we'll show you how to calculate the amount that will be credited or charged, factoring in only the interest rates and the broker's commission, but in reality, the "storage" for holding a position overnight may depend on a variety of factors:.

Here, you are essentially selling , EUR, borrowing at a rate of 4. When the interest rate of the country whose currency you are buying is more than the interest rate of the country whose currency you are selling, storage will be added to your trading account this may not always hold true, as brokers often charge a fee or markup for overnight swaps.

If the interest rate is higher in the country whose currency you are selling, as is the case in this example 4. Now let's say the broker charges an extra 0. Add this to the 0. For the position described above, the storage you will be charged will be equivalent to being charged 1. Calculating the swap on a short position: Since the interest rate of the currency we are selling EUR: Calculating the swap on a long position: Since the interest rate of the currency we are buying EUR: When the difference between the interest rates is smaller than the broker's commission, you will be charged storage for both Buy and Sell orders.

Calculating the swap for stock index CFDs: In our example, we will calculate the swap for keeping a short position open overnight on the ASX index. Calculating the swap for commodity CFDs: In our example, we will calculate the swap for keeping a short position open overnight on the NG instrument. You can find our swap points for different trading instruments in our Contract Specifications Swap Short and Swap Long. You can also calculate the swap charges for long and short positions with our "Trader's Calculator".

In the Forex market, when a position is held open overnight from Wednesday to Thursday, storage is tripled. This is because a swap involves pushing back the value date on the underlying futures contract. For a position opened on Wednesday, the value date is Friday. When a position is kept open overnight from Wednesday to Thursday, the value date will be moved forward 3 days, to Monday skipping over the weekend.

Storage is tripled because you are being paid or charged interest for 3 days instead of just one. Swap rates are subject to change. The swap rates in our "Contract Specifications" are updated daily at Live chat with an online consultant. We're sorry, an error has occurred. Please try again later. Notification of this error has been sent to our technical support team. Our technical support team is unavailable on weekends — from You can get in touch with us around the clock from Monday to Friday.

Try reaching us again during our working hours or send an e-mail to info alpari. Alpari is a member of The Financial Commission , an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.

Before trading, you should ensure that you fully understand the risks involved in leveraged trading and have the required experience. Privacy policy Copyrights Anti-money laundering policy. Our range of calculators includes the Margin Calculator, which works out how much margin is needed to open a position, and the Profit Calculator, which shows the performance of previous trades, factoring in all the fees.

Every FX Calculator includes an explanation of how the calculations are worked out and allows the values to be changed depending on your needs. FX Calculators that work out the pip value of each position in your chosen currency, as well as our Currency Converter and cTrader Commission Calculator are all vital for forex traders.

FxPro also has a mobile app available for both Apple and Android devices, which includes all these CFD Calculators to help you trade on the go. A forex swap is the interest rate differential between the two currencies of the pair you are trading, and it is calculated according to whether your position is long or short. The FxPro Swap Calculator can be used to determine what your swap fee will be for holding a trade open overnight.

FxPro calculates swap once for each day of the week that a position is rolled over, while on Friday night swap is charged 3 times to account for the weekend. Download the app today, on iOS and Android, to have access to all the trading calculators you need, whenever and wherever you need them.

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