Swap on positions held over the weekend: is it by days held? | Forex Factory

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Swap on positions held over the weekend: is it by days held?

  • #1
  • First Post: Jun 21, 2019 10:39am Jun 21, 2019 10:39am
If you hold over the weekend, will the SWAP paid or received be 2 to 3 times bigger? Does this differ by broker?

Looking at my records, I'm honestly not sure, so figured I'd ask and see what others have seen/say.
  • #2
  • Jun 21, 2019 12:58pm Jun 21, 2019 12:58pm
Have you ever noticed that maybe on Wednesday or some other days you get triple swap? It is called 3 days swap, and it is calculated instead on the weekend on that certain day. I don't know why it is like that, but I think it is just that brokers took advantage of that because there is more people holding positions over one night than over weekend.

You can check it in specifications for every pair.
If you want to see charts on different level, start listening to Madonna
  • #3
  • Last Post: Jun 26, 2019 6:06pm Jun 26, 2019 6:06pm
Quoting RulerEraser
Have you ever noticed that maybe on Wednesday or some other days you get triple swap? It is called 3 days swap, and it is calculated instead on the weekend on that certain day. I don't know why it is like that, but I think it is just that brokers took advantage of that because there is more people holding positions over one night than over weekend. You can check it in specifications for every pair.
Its on Wednesday because in the interbank market spot is traded with value date t+2 for most pairs. So Wednesday you trade with value date Friday and therefore the value date changes from Friday to Monday at end of day = triple swap on Wednesday
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