Swap size for currencies, stocks, futures and other exchange assets

For those who trade within one day, the size of the swap does not play a special role, because this commission is taken as a fee for transferring the position.

And if you open and close transactions on the same date, then you are charged only the spread, and there is no swap charge.

It’s a completely different matter if you prefer to hold a position for several days or even months, here this parameter can already play an important role.

In addition, there is such a strategy as Carry trade , which allows you to make money on the difference in discount rates.

Therefore, in this case, it would be useful to know the size of the swap in order to take this indicator into account when calculating the financial result or when planning a trading strategy.

The swap value depends on such parameters as the asset, account type and direction of the transaction; it can be either positive or negative.

Swap commission for currency pairs:

A fee is also charged for transferring transactions on cryptocurrencies, stocks, metals, and indices.

Moreover, it can be calculated not only in pips, but also as a percentage. Usually the percentage for the year is indicated and it must be divided by 365 to find out how much you will have to pay per day. For example, for cryptocurrencies, regardless of the direction of the transaction, the amount of the swap commission is currently -20% per annum, which means 20/365 = 0.05479 We open a transaction with a volume

equal to 10,000 dollars, which means we will need to pay 10,000 * 0.05479 /100=$5.479 per day.

The swap size for these assets is:

• Cryptocurrencies – short transactions - 20% per annum or 0.05479% per day
• Company shares – short positions -3% long positions -6% per annum.
• Indices - -3% long -6% per annum.
• Gold - +0.5396 pips and -11.5959 pips per day.
• Silver – +0.0098 and -0.0256 per day.

Moreover, the size of the swap for the listed assets, unlike currency pairs, is almost the same on different accounts, which makes it possible to open long-term transactions even for small investors.

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