A swap is not a permanent value as it depends on the liquidity providers that supply us with this information. The final value of the swap depends on many factors, such as:
- the state of the forward market
- the value of swap points of the broker's counterparty
- the difference between the interest rates of central banks exchanging currencies in forex
- the current LIBOR floating interest rate.
Swap information is updated daily.
Swap (Buy) - entry or withdrawal of funds for a position opened for a Buy, with the transaction rollover to the next day.
Swap (Sell) - entry or withdrawal of funds for a position opened for a Sell when the transaction is carried over to the next day.
To find out more about the value of a swap with our Company, head to our Contract Specifications section, which features an instrument overview.