Reply To: Swap?
Hi Keith, the forex swap rate is interest earned or paid when you hold positions overnight. It’s calculated based on the interest rates of the countries involved in each currency pair and whether the position held is short or long. In a currency pairing the interest is paid on the currency sold and received on the currency bought. You can see a table of GKFX’s swap rates here – http://www.gkfx.co.uk/swap-rates