team hero background image

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 By Switch Markets

We all know that the markets can be challenging. That’s why we aim to provide traders with any help they may need to improve their chances of potential success. And the best part? It’s free!

Forex Profit Calculator icon

Forex Profit Calculator

Calculate your profits and losses before or after executing a trade with our free Forex Profit Calculator.

Lot Size Calculator icon

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.

Economic Calendar icon

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 icon

Currency Strength Meter

Compare the performance of major currencies relative to others in real-time with our advanced Currency Strength Meter.

Market Heat Map icon

Market Heat Map

Measure the strength of major currencies relative to others in real-time and quickly and easily determine when a currency is moving strongly in one direction or another.

Calculate annual growth rate icon

CAGR Calculator

Calculate the Compound Annual Growth Rate (CAGR) of your investments with our easy-to-use CAGR Calculator.

Calculator icon

Value At Risk Calculator

Calculate how much of your investment you might lose at given normal market conditions, over a given period based on the probability of past performance.

Calculator icon

Pip Calculator

Calculate the pip value of your trades for all major Forex currency pairs, indices, cryptocurrencies, and more, using live market quotes.

Calculator icon

Forex Swap Calculator

Calculate the swap fee you will be charged on your trading account for holding your positions overnight with ease.

Calculator icon

Margin Calculator

Determine the exact margin you need to open a trading position with our easy-to-use Forex margin calculator.

Calculator icon

Forex Compound Calculator

Use our advanced Forex compound calculator and simulate the profits you might earn on your Forex trading account.

Calculator icon

Pivot Point Calculator

Use the pivot point calculator to calculate pivot points and determine potential support and resistance levels and how prices could potentially turn.

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.

Create Live Account Deposit from $50
Start trading in minutes
Create Demo Account Practice with $50,000
Demo environment