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December Promotion:Get 30% off your prop evaluation

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Forex Swap Calculator

Profitable forex traders know their swap fees. Calculate yours seamlessly with our Forex Swap Calculator.

Enter your currency pair, account currency, trade duration, and lot size — the Swap Calculator does the rest!

Please select an instrument
Please select your deposit currency
Please enter the lot size
Please enter the number of nights

*

Risk Warning: The Swap Calculator is a web analytics service provided for educational purposes. Forex currency pairs are complex instruments not suitable for all investors. Seek independent advice to determine if forex trading is right for you.

Swap Long
Swap Short

What Is A Swap Rate?

A swap rate is the gain or the cost of holding an open forex position through each day’s settlement. This is known as rollover.

The forex trading account is credited or debited the swap fee once a day per rollover. On Wednesdays, swap fees are allocated three times.

what is swap rate illustration
market analyst

How To Use The Forex Swap Calculator

Winning forex traders know their swap fees! With our Swap Calculator, you’ll know yours in a few steps.

  1. Choose your deposit currency
  2. Select the desired forex pair
  3. Enter your trade size
  4. Assign a number of nights
  5. Click Calculate!

How Are Swap Rates Calculated?

To calculate swap fees for your open positions, you must know the pip value, swap rate, and the number of nights the position is held. Then, enter these values into the swap fee formula:

Formula: Swap Fee = (Pip Value * Rate * Nights)/10

Assume you hold 10 lots of EUR/USD for one night with an account denominated in euros (EUR).

  1. 10 Lots = 1,000,000 units
  2. Pip Value = $100
  3. Swap Value = 0.24
  4. Number of Nights = 1
  5. Swap Fee = (100 * 0.24 * 1) / 10 = $2.40
how are rates calculated illustration

FAQs

Here are a few of the most commonly asked questions about swap rates and the Swap Calculator.

Can The Swap Calculator Be Used When Trading CFDs?

No. It is a web analytics service designed for use on foreign exchange currency pairs. When trading CFDs or other financial instruments, external resources will be needed to calculate fees.

How Important Are Swap Rates?

The importance of swap rates varies according to position size; the larger the size the greater the swap fees. Typically, this is a significant factor driving the profitability of most retail investor accounts. However, it is not considered a means of rapidly losing money.

Is My Trading Information Safe In The Swap Calculator?

Absolutely! The tool is built to be used in an anonymous capacity. With the Swap Calculator, there is no discernable personal data provided by users.

Use HowToTrade tools for more in-depth analysis

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