"How is a Swap calculated?
The swap is a commission for transfer the opened positions on the next day. Swaps can be negative and positive, depending on the difference in the interest rates of countries whose currencies are traded.
The calculation of the swap for selling EUR:
Swap = (value of the contract * (difference between interest rates + commission broker for transferring your position) / 100) * Current price / number of days in the year.
(100,000 * (-0.75% -0.1%) / 100) * 1.5 / 365 = -3.49 USD.
The calculation of the swap for buying EUR:
Swap = (value of the contract * (differencebetween interest rates - broker commission for transferring your position) / 100) * Current Price / number of days in the year.
(100,000 * (0.75% -0.1%) / 100) * 1.5 / 365 = 2.67 USD"
The swap is a commission for transfer the opened positions on the next day. Swaps can be negative and positive, depending on the difference in the interest rates of countries whose currencies are traded.
The calculation of the swap for selling EUR:
Swap = (value of the contract * (difference between interest rates + commission broker for transferring your position) / 100) * Current price / number of days in the year.
(100,000 * (-0.75% -0.1%) / 100) * 1.5 / 365 = -3.49 USD.
The calculation of the swap for buying EUR:
Swap = (value of the contract * (differencebetween interest rates - broker commission for transferring your position) / 100) * Current Price / number of days in the year.
(100,000 * (0.75% -0.1%) / 100) * 1.5 / 365 = 2.67 USD"
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