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Calculator tool

Forex swap rate calculator

Estimate your overnight hold cost (or credit) before you enter a trade. Enter your position details and get an instant estimate. Rates are indicative — verify with your broker.

Trade inputs
Long (buy)
Short (sell)
Estimated overnight cost
Enter your trade details and press Calculate.
Indicative swap rates by pair (per standard lot, per night)
Pair Long swap (IC Markets ECN) Short swap (IC Markets ECN) Wednesday triple Islamic accounts
Rates sourced from IC Markets MetaTrader 5 live data. Updated monthly. Verify current rates in your trading platform before holding overnight.
Wednesday triple swap: On Wednesday night, brokers charge triple the daily swap to account for the weekend (Saturday and Sunday settlement). If you hold a position through Wednesday rollover (usually 17:00 New York time), your swap cost is 3× the values shown above for that one night.
Questions about swap fees
What is a swap fee in forex?

A swap fee (also called an overnight or rollover fee) is charged when you hold a forex position past the daily rollover time — usually 17:00 New York time. It reflects the interest rate differential between the two currencies in the pair. If the base currency has a higher interest rate than the quote currency, you may receive a credit instead of paying a debit.

When exactly is the swap charged?

Swaps are applied at the daily rollover — 17:00 New York time (22:00 or 23:00 CET depending on DST). Positions closed before rollover incur no swap. On Wednesdays, a triple swap is applied to cover the weekend.

Can swap rates be positive (I receive money)?

Yes. If you hold a short position on a pair where the quote currency has a higher interest rate, you may receive a swap credit. For example, a short EUR/USD position can generate a positive swap when US rates are higher than EU rates.

How can I avoid swap fees?

Three main options: (1) Close positions before 17:00 New York time — no overnight swap applies. (2) Open an Islamic (swap-free) account — available at IC Markets, XM, Pepperstone, and FP Markets. (3) Some brokers allow "swap-free" promotions for certain pairs. Confirm current availability with your broker before relying on it.

Why does the calculator show an estimate, not the exact fee?

Forex swap rates change daily based on central bank interest rates and broker pricing policies. The rates in this calculator are representative figures from recent IC Markets ECN data. Your actual cost may differ. Always check your trading platform's swap rates before entering a trade you plan to hold overnight.