Nearby Terms

swap rate


The amount in pips that a forex forward dealer charges or credits to a customer to change the value date on a foreign exchange contract. Many online forex brokers publish their rollover swap rate pricing on their websites so that customers can be prepared for any credit or debit to their position's rate as a result of holding it overnight or past 5pm EST when positions have their value dates automatically rolled over to the next business day.

Related Terms

 • overnight position  • par spread