Swap is the interest paid or earned for holding a position overnight based on the difference between the interest rates of two countries.

Each currency or CFD has an interest rate associated with it, which can cause extra profit or cost to your trade.

Swap rates are calculated automatically in the trading platform, however, for your information, swap rates may be calculated using the following formula:

Current long/short rate * number of lots = swap debit/credit in second currency

If you have any further questions regarding the swap rates, you may contact your broker’s support team.