The net amount of a currency pair that remains open past 5pm Eastern Standard Time. Any overnight position will usually be rolled over automatically by an online Forex Broker at the prevailing tom/next swap rate once 5pm EST passes in order to roll the overnight position forward to spot value.
Browse by Subjects
See All Related Terms »
increasing returns to scale
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):