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Forex Trading Why do my swap rates triple for positions held over roll-over on a Wednesday?
avatar Mymelody
Question by: Samanthar - 30 Nov 2016, 08:38:26
Why do my swap rates triple for positions held over roll-over on a Wednesday?
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Answers (1)
avatar user 11583
Answer by: Joseph - 30 Nov 2016, 08:41:10

If you hold open a position over Wednesday night the amount added or subtracted to your account as a result of the swap rate charged is three times the usual amount. Triple swap rates are charged in the roll-over period on Wednesday night to account for the settlement of trades over the weekend where no swap rates are charged due to the market being closed.

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