What is the formula to calculate Swap?

To calculate the charges for Forex & Equities, please use this formula: (lots * Swap for Long or short in points).

Here’s an example: Long (Buy) 0.01 Lot EURUSD, Swap rate for Long is -7.922 points.

The end of day market rate is 1.19097 for EURUSD. The client’s account currency is EUR.

Therefore, the Swap Rate Calculation is as follows: 0.01* (-7.922) / 1.19097 (conversion to account currency) = – €0.07.

Here’s an example: Short (Sell) 0.2 Lots EURUSD.

The Swap rate for Short is 5.3 points, and the client’s account currency USD.

Therefore, the Swap Rate Calculation: 0.2 * 5.3 = $1.06

 

 

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