Swaps Calculator

A swap rate is a rollover interest rate, which XM credits to or debits from clients’ accounts when a position is held open overnight. The swap rate is credited or debited once for each day of the week when a position is rolled over, with the exception of Wednesday, when it is credited or debited 3 times (i.e. 7 swaps in 5 trading days).

By using our swap calculator you can calculate the interest rate differential between the two currencies of the currency pair on your open positions.

Enter your account base currency, select the currency pair, enter the account type, the trade size in lots and the leverage.

The calculation is performed as follows:

Swap = (One Point / Exchange Rate) * Trade Size (Lot Size) * Swap Value in Points

Example:

One Point: 0.00001
Account Base Currency: EUR
Currency Pair: EUR/USD
Exchange Rate: 1.0895 (EUR/USD)
Volume in Lots: 5 (One Standard Lot = 100,000 Units)
Short Swap Rate: 0.15

Swap Value = (0.00001 / 1.0895) * (500,000 * 0.15)
Swap Value is €0.69

*If the result is negative your account will be debited whereas if it is positive your account will be credited.

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