Swap Rates
Understand overnight financing costs for positions held beyond market close. We pass through actual interbank swap rates with full transparency.
What Are Swap Rates?
What Are Swap Rates?
Swap rates (also known as rollover or overnight financing) are the interest charges or credits applied to positions held overnight. These rates are based on the interest rate differential between the two currencies in a pair.
At Drovix, we pass through the actual interbank swap rates without any markup, ensuring you receive fair and transparent financing costs.
Swap rates are updated regularly to reflect current interbank conditions and central bank interest rate changes.
Long Positions (Buy)
When you buy a currency pair, you earn interest on the base currency and pay interest on the quote currency. If the base currency has a higher interest rate, you may receive a credit.
Short Positions (Sell)
When you sell a currency pair, you pay interest on the base currency and earn interest on the quote currency. If the quote currency has a higher interest rate, you may receive a credit.
Forex Swap Rates (Points per Lot)
| Currency Pair | Long Swap | Short Swap |
|---|---|---|
| EUR/USD | -6.50 | 2.80 |
| GBP/USD | -5.20 | 1.50 |
| USD/JPY | 3.20 | -8.50 |
| AUD/USD | -3.80 | 0.60 |
| USD/CAD | 1.20 | -5.80 |
| NZD/USD | -2.90 | 0.30 |
| USD/CHF | 4.50 | -9.20 |
| EUR/GBP | -2.10 | -1.80 |
* Swap rates are indicative and subject to change based on market conditions. View live rates in your trading platform.
Metals Swap Rates (Points per Lot)
| Instrument | Long Swap | Short Swap |
|---|---|---|
| Gold (XAU/USD) | -15.80 | 5.20 |
| Silver (XAG/USD) | -3.50 | 0.80 |
When Are Swaps Applied?
- Swap rates are applied at 22:00 GMT (server time) for positions held overnight
- Triple swap on Wednesdays: To account for weekend days, triple swap is charged on Wednesday nights
- Day trading positions closed before rollover are not subject to swap charges
- Swaps are automatically calculated and applied to your account balance
Important Notes
- Swap rates can change frequently based on interbank market conditions
- Central bank interest rate decisions can significantly impact swap rates
- Swap-free (Islamic) accounts are available upon request
- Always check live swap rates in your trading platform before opening positions