Hi, I am currently in long eur/aud, and short gbp/jpy. so in both cases, I am long on the currency that offers a lower interest rate and simultaneously short on the currency that has a higher yield.
Does anyone know how to calculate rollover charges and interests? I want to know how much I am losing just by being in the positions
* I know that the charges is calculated after 5PM, and the cost is simply to use the interest rate differential * how much I am buying or selling, but PLEASE give a concrete example.
I am currently live trading, and Long 40 units of eur/aud, what is the interest rate per day?
Does anyone know how to calculate rollover charges and interests? I want to know how much I am losing just by being in the positions
* I know that the charges is calculated after 5PM, and the cost is simply to use the interest rate differential * how much I am buying or selling, but PLEASE give a concrete example.
I am currently live trading, and Long 40 units of eur/aud, what is the interest rate per day?