A swap rate is the underlying interest rate associated with the currencies traded in a currency pair. It is essentially a debit or credit paid or earned as a reflection of the varying interest rates applicable to the currency pairs traded. What is a swap rate in Forex, how are the swap rates determined and how are swap rates applied to on your trading account? 

Part of our multimedia library, learn in this video tutorial what is a swap rate in Forex and how it works on your overnight open positions.

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If you would like to know more about what are swap rates in Forex, how does it impact on your overnight open positions and if in any way you can avoid swap rates, please read our complete article What is Swap Rate in Forex

Top Tip

Use our handy Forex broker Swaps comparison tool to check out if you will be credited or paying for a Swap rate with the more popular brokers:  CBFX - Forex Broker Swaps Comparison Tool