A swap, or rollover, is the interest adjustment applied when you keep a position open past the daily cut-off. Because each currency has its own interest rate, you may pay or receive a small amount depending on the pair and the direction of your trade.
Forex Term
Swap (Rollover)
The interest paid or earned for holding a position overnight.
Example
Holding a trade overnight may incur a small swap charge or credit.
Related Terms
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Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.