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Forex Trading Why are FX swap tripled on a Wednesday?
avatar Mymelody
Question by: Samanthar - 16 Jun 2017, 07:27:48
Why are FX swap tripled on a Wednesday?
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Answers (1)
avatar user 12751
Answer by: Joseph - 16 Jun 2017, 07:36:02

If you hold a position overnight on a Wednesday, the normal financing charges that are credited/debited on a daily basis are three time the normal amount. Charging 'triple swap' for Wednesday roll-over accounts for the settlement of trades through the weekend, as swap rates are not charged during this period due to the market being closed.

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