Swap Rates

Learning more about overnight interest helps you better manage your positions.
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Swaps
Swap is the interest earned or paid daily based on the total number of positions held. When you buy in one currency, you will sell another one at the same time. Therefore, the currency you buy or sell will charge or pay you overnight interest depending on the interest rate difference. At 5 am Beijing time every day, your account will automatically settle net interest. But if you close your position before or after 5 o 'clock, you don't have to pay or earn any interest.
Trading category Storage fee for payment swaps Storage fee for sale swaps
XAUUSD -9.84 0.55
XAGUSD -5.60 0.77
XTIUSD -6.31 0.85
XBRUSD -5.22 1.12
EURUSD -11.37 6.31
GBPUSD -8.38 3.88
AUDUSD -3.12 0.00
NZDUSD -2.23 -1.12
USDCAD 0.00 -3.94
USDCHF 5.50 -8.37
USDJPY 5.12 -10.03
EURGBP -3.65 -2.47
EURAUD -20.68 3.14
EURNZD -31.07 4.59
EURCAD -17.38 3.15
EURCHF 0.36 -2.23
EURJPY -2.50 -0.37
GBPAUD -13.05 1.20
GBPNZD -24.66 2.78
GBPCAD -9.04 1.59
GBPCHF 2.14 -10.55
GBPJPY 0.11 -7.87
AUDNZD -10.41 -0.28
AUDCAD -1.84 -2.48
AUDCHF 1.67 -10.49
AUDJPY 1.19 -8.96
NZDCAD 0.32 -7.56
NZDCHF 2.12 -14.04
NZDJPY 1.74 -12.91
CADCHF 1.97 -9.72
CADJPY 1.49 -7.94
CHFJPY -4.68 0.76
USDCNH -1.27 -5.87
USDHKD 5.10 -34.67
US30 -3.85 -0.06
US500 -0.84 -0.48
NAS100 -106.60 -0.07
HK50 -3.50 -0.75
JP225 -1.66 -1.73
CN50 -2.29 -0.21
AUS200 -1.15 -0.54
DE30 -1.06 -1.27
STOXX50 -0.66 -0.72

The figure above shows the swaps charged by NOVOX for each trade on a given day. The swap changes on a weekly basis. Refer to the MT-specification for details on the swaps.
Please note that a 3-day swap applies on Wednesdays.

The calculation example of overnight interest

Sell:EUR/USD
Your overnight interest is calculated as follows:

The price of opening a position:

Trading size:

Interest-rate spread :

Days :

÷360:

Overnight interest:

The fund of opening a position

The price of the euro against the US dollar (EUR/USD) is 1.1406/1.1407, and you decide to sell 2 lots (equal to €200,000) at 1.1406.

(The net value of your storage is 200.000x1.1406=USD228,120.)

Overnight interest

The current difference value of European and US interest rate is 2.65, and the time used for position held is 3 days. 3 days later, the overnight interest is 1.1406*200,000*2.65%*3/360=USD $50